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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance Rights | (4) | 02/11/2015 | M | 13,220 | (5) | (6) | Common Stock | 13,220 | (1) | 0 | D | ||||
Restricted Stock Units (right to buy) | (7) | 02/06/2016 | 02/06/2016 | Common Stock | 8,000 | 8,000 | D | ||||||||
Stock Options (right to buy) | $ 24.93 | 10/11/2005(8) | 04/11/2015 | Common Stock | 3,000 | 3,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MACFARLANE CHARLES S 215 S CASCADE ST FERGUS FALLS, MN 56537-2801 |
President & COO |
/s/ Charles S MacFarlane by Debra J Lill, Attorney-in-Fact | 02/12/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The fair market value of date of grant 4/16/2012 was $21.32 with fair market value on vesting date of $31.675. |
(2) | 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. |
(3) | Performance Award: On 2/11/2015, 4,549 shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e). |
(4) | This Performance Share Award had no conversion or exercise price established at the time of the grant. |
(5) | There is no specific "Exercisable Date" on this Performance Share Award. |
(6) | There is no specific "Expiration Date" on this Performance Share Award. |
(7) | 1 -for -1 |
(8) | Stock Options vest 100% six months from the date of the grant. |