Otter Tail Corp — Director's Dealing 2019

Feb 14, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2019-02-13

Reporting Person: ROGELSTAD TIMOTHY J (Sr VP, Elect Plat, Pres OTP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-13	Common Stock	A	12920	$49.6225	Acquired	29816	Direct
2019-02-13	Common Stock	F	6356	$49.6225	Disposed	23460	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-13	Restricted Stock Units	$	A	1700	Acquired		Common Stock (1700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2617	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (600)	600	Direct
Restricted Stock Units	$		Common Stock (850)	850	Direct
Restricted Stock Units	$		Common Stock (1350)	1350	Direct

Footnotes

F1: Represents shares received upon the vesting of certain performance criteria in connection with a Performance Share Award(granted in 2016).

F2: These shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e).

F3: Total direct holdings include shares jointly held with spouse, shares acquired individually through the Employee Stock Purchase Plan and shares acquired pursuant to Restricted Stock Awards and Performance Award distributions.

F4: Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.

F5: The restricted stock units vest in four equal annual installments beginning the date shown above.

F6: The restricted stock units vest in four equal annual installments which began February 6, 2017.

F7: The restricted stock units vest in four equal annual installments which began February 6, 2018.

F8: The restricted stock units vest in four equal annual installments which began February 6, 2019.