Otter Tail Corp — Director's Dealing 2020

Feb 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2020-02-06

Reporting Person: KNUTSON PAUL L (VP of Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-06	Common Stock	M	7275	—	Acquired	12165	Direct
2020-02-06	Common Stock	F	1903	$54.42	Disposed	10262	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-06	Restrictted Stock Units	$	M	6400	Disposed		Common Stock (0)	Direct
2020-02-06	Restricted Stock Units	$	M	275	Disposed		Common Stock (0)	Direct
2020-02-06	Restricted Stock Units	$	M	200	Disposed		Common Stock (200)	Direct
2020-02-06	Restricted Stock Units	$	M	200	Disposed		Common Stock (400)	Direct
2020-02-06	Restricted Stock Units	$	M	200	Disposed		Common Stock (600)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.

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 share acquired individually through dividend reinvestment plan, Employee Stock Purchase Plan and acquired pursuant to Restricted Stock Awards and Performance Award distributions.

F4: These restricted stock units vest in one installment on February 6, 2020.

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

F6: The restricted stock units vest in four equal annual installments which began February 6, 2018.

F7: The restricted stock units vest in four equal annual installments beginning the date shown above.