Otter Tail Corp — Director's Dealing 2017

Feb 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2017-02-02

Reporting Person: MACFARLANE CHARLES S (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-02	Common Stock	A	29830	—	Acquired	121323.011	Direct
2017-02-02	Common Stock	F	15546	$37.65	Disposed	105777.011	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-02	Restricted Stock Units	$	A	6900	Acquired		Common Stock (6900)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2383.7173	Indirect
Common Stock	1878.5942	Indirect
Common Stock	1878.5942	Indirect

Footnotes

F1: Represents shares received upon the vesting of certain performance criteria in connection with a Performance Shares Award(granted in 2014).

F2: 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.

F3: Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock.

F4: The restricted stock units vest in four equal annual installments beginning the date shown above.