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Otter Tail Corp — Director's Dealing 2010
Apr 13, 2010
31280_dirs_2010-04-13_1506272c-110b-4bd0-b441-a0f041fdfe3a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2010-04-12
Reporting Person: ERICKSON JOHN D (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-04-12 | Common Stock | A | 8200 | — | Acquired | 112050 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4981.9837 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (right to buy) | $26.25 | 2011-04-09 | Common Stock (75000) | 75000 | Direct |
Footnotes
F1: Shares of Common Stock acquired under the Corporation's Stock Incentive Plan, which is a grant of Restricted Stock. The 8,200 shares granted 4/12/10 vest 25% yearly commencing 4/8/2011.
F2: This grant has a FMV of $21.835.
F3: The reporting person adopted a Rule 10b5-1(c) trading plan on 3/6/2008. Total direct holdings include shares jointly held with spouse at Merrill Lynch and shares acquired individually pursuant to Restricted Stock Awards and Performance Award distributions.
F4: Stock options vest in cumulative annual installments of 25% beginning the date shown.