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Otter Tail Corp Director's Dealing 2010

Feb 10, 2010

31280_dirs_2010-02-10_12597628-8baa-4440-ae4c-13ae488f3fbf.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: 2010-02-08

Reporting Person: MOUG KEVIN G (CFO & Treasurer)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-02-08 Performance Rights $ A 5678 Acquired Common Stock (5678) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 36159.6948 Direct
Common Stock 217.3106 Indirect
Common Stock 238.6488 Indirect

Footnotes

F1: Total direct holdings include shares jointly held with spouse representing shares from the Dividend Reinvestment Plan and the Employee Stock Purchase Plan and shares acquired pursuant to Restricted Stock Awards and Performance Award distributions.

F2: This is a Performance Share Award and has no conversion or exercise price at this time.

F3: There is no specific "Exercisable Date" on this Performance Share Award.

F4: There is no specific "Expiration Date" on this Performance Share Award.

F5: The fair market value on date of grant 10/29/07 was $35.84 with fair market value on vesting date of $20.575.

F6: Performance Share Award acquired under the 1999 Stock Incentive Plan. This award was reaffirmed at the Board of Directors meeting held 2/8/10 and is based on performance period of 1/1/2007 - 12/31/2009.