Otter Tail Corp — Director's Dealing 2016

Feb 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2016-02-04

Reporting Person: MACFARLANE CHARLES S (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-06	Common Stock	M	2000	—	Acquired	91999.879	Direct
2016-02-06	Common Stock	F	778	$28.40	Disposed	91221.879	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-04	Restricted Stock	$	A	9500	Acquired		Common Stock (9500)	Direct
2016-02-06	Restricted Stock	$	M	2000	Disposed		Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2295.2625	Indirect
Common Stock	1809.302	Indirect
Common Stock	1809.302	Indirect

Footnotes

F1: The restricted stock units vest in four equal installments beginning February 6, 2016.

F2: Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.

F3: Total direct holdings include shares acquired through the Dividend Reinvestment Plan, the Employee Stock Purchase Plan and shares acquired pursuant to Stock Options, Restricted Stock Awards, Restricted Stock Units and Performance Share Awards.

F4: These shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e).

F5: The restricted stock units vest in four equal annual installments beginning February 6, 2017.