Otter Tail Corp — Director's Dealing 2011

Jan 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2011-01-05

Reporting Person: MACFARLANE JOHN C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-05	Common Stock	G	42	$0.00	Disposed	63061.3472	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27506.281	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options(right to buy)	$26.25	2011-04-09	Common Stock (100000)	100000	Direct

Footnotes

F1: Total holdings include shares jointly held with spouse in the Dividend Reinvestment Plan. Also shares acquired individually pursuant to Restricted Stock Award distributions and shares held in a Wells Fargo account.

F2: Stock options vest in cumulative annual installments of 25% beginning the date shown.