Otter Tail Corp — Director's Dealing 2015

Feb 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2015-02-11

Reporting Person: KOECK GEORGE A (Sr VP, Gen Coun & Corp Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-11	Common Stock	M	12250	—	Acquired	18344.302	Direct
2015-02-11	Common Stock	F	6077	—	Disposed	12267.302	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-11	Performance Rights	$	M	12250	Disposed		Common Stock (12250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1021.3513	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units (right to buy)	$	2016-02-06	Common Stock (2500)	2500	Direct

Footnotes

F1: The fair market value of date of grant 4/16/2012 was $21.32 with fair market value on vesting date of $31.675.

F2: Total direct holdings include shares held in the Dividend Reinvestment Plan and shares acquired pursuant to Restricted Stock Awards and Performance Award distributions.

F3: Performance Award: On 2/11/2015, 6,077 shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e).

F4: This Performance Share Award had no conversion or exercise price established at the time of the grant.

F5: There is no specific "Exercisable Date" on this Performance Share Award.

F6: There is no specific "Expiration Date" on this Performance Share Award.

F7: 1 -for -1