Otter Tail Corp — Director's Dealing 2011

Apr 13, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2011-04-11

Reporting Person: Waslaski Shane N (Sr VP, Man & Infra Platform)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	716.1311	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$	2012-04-08	Common Stock (900)		Direct
Restricted Stock Units	$	2013-04-08	Common Stock (2000)		Direct
Restricted Stock Units	$	2014-04-08	Common Stock (3000)		Direct
Restricted Stock Units	$	2015-04-08	Common Stock (5500)		Direct

Footnotes

F1: Otter Tail Corporation's board of directors held a meeting following our Shareholder Annual Meeting, April 11, 2011 and elected Shane N Waslaski, Sr Vice President, Manufacturing & Infrastructure Platform as an executive officer.

F2: Share total represents 290.1311 shares held jointly with his wife in the Employee Stock Purchase Plan, 30 shares held individually with Wells Fargo and 396 shares held individually with Merrill Lynch.

F3: Each restricted stock unit represents a contingent right to receive one share of Common Stock. The reporting person receives one share of Common Stock for each restricted stock unit that vests.

F4: Restricted Stock Units acquired under the Corporation's Stock Incentive Plan. The 5,500 units were granted 4/11/11 and vest 100% on 4/8/2015 based on continued employment and carry no voting rights or rights to dividends prior to vesting date. This grant has a FMV of $22.51.