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Otter Tail Corp — Director's Dealing 2017
Apr 11, 2017
31280_dirs_2017-04-11_c9516f5a-8f19-4247-90ec-f979a180aeab.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: 2017-04-08
Reporting Person: ROGELSTAD TIMOTHY J (Sr VP, Elect Plat, Pres OTP)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-04-08 | Common Stock | M | 250 | — | Acquired | 10216.141 | Direct |
| 2017-04-08 | Common Stock | F | 85 | $38.075 | Disposed | 10131.141 | Direct |
| 2017-04-08 | Common Stock | F | 152 | $38.075 | Disposed | 9979.141 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-04-08 | Restricted Stock | $ | M | 250 | Disposed | 2017-04-08 | Common Stock (250) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2434.4876 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted STock Units | $ | Common Stock (900) | 900 | Direct | |
| Restricted Stock | $ | Common Stock (1800) | 1800 | Direct | |
| Restricted Stock | $ | Common Stock (1700) | 1700 | Direct |
Footnotes
F1: The reporting person receives one share of Common Stock for each restricted stock unit that vests.
F2: Grant of Restricted Stock Units. On 4/8/2017, 85 shares of Common Stock were withheld by the Corporation to pay taxes due upon vesting of restricted stock units, exempt pursuant to Rule 16b-3(e).
F3: Grant of Restricted Stock. On 4/8/2017, 152 shares of Common Stock were withheld by the Corporation to pay taxes due upon vesting of the restricted stock, exempt pursuant to Rule 16b-3(e).
F4: Total direct holdings include shares held in Dividend Reinvestment Plan, shares held jointly with spouse that were acquired through the Employee Stock Purchase Plan and shares acquired pursuant to Restricted Stock Awards and Restricted Stock Units.
F5: Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation Common Stock.
F6: The restricted stock units vest in four equal annual installments beginning February 6, 2016.
F7: The restricted stock units vest in four equal annual installments beginning February 6,2017.
F8: The restricted stock units vest in four equal annual installments beginning February 6,2018.