Otter Tail Corp — Director's Dealing 2020

Apr 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2020-04-08

Reporting Person: Smestad Jennifer O. (VP, Gen Coun & Corp Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-08	Common Stock	M	300	$44.435	Acquired	1127	Direct
2020-04-08	Common Stock	F	168	$44.435	Disposed	959	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-08	Restricted Stock Units	$	M	300	Disposed	2020-04-08	Common Stock (300)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	440	Indirect
Common Stock	46	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (225)	225	Direct
Restricted Stock Units	$		Common Stock (600)	600	Direct
Restricted Stock Units	$		Common Stock (900)	900	Direct
Restricted Stock Units	$		Common Stock (1200)	1200	Direct

Footnotes

F1: The reporting person receives one share of Common Stock for each restricted stock unit that vests.

F2: Total direct holdings include shares held jointly with spouse and acquired through the dividend reinvestment plan and the Employee Stock Purchase Plan.

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

F4: Restricted stock units vest four years from date shown above.

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