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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 | ||||||||
Restricted Stock Units | (1) | 02/06/2018 | M | 725 | 02/06/2018(4) | (4) | Common Stock | 725 | $ 0 | 725 | D | ||||
Restricted Stock Units | (1) | 02/06/2018 | M | 900 | 02/06/2018(5) | (5) | Common Stock | 1,800 | $ 0 | 1,800 | D | ||||
Restricted Stock Units | (1) | 02/06/2018 | M | 625 | 02/06/2018(6) | (6) | Common Stock | 1,875 | $ 0 | 1,875 | D | ||||
Restricited Stock Units | (1) | 02/06/2019(7) | (7) | Common Stock | 2,400 | 2,400 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MOUG KEVIN G 215 S CASCADE ST FERGUS FALLS, MN 56537-2801 |
CFO & Sr VP |
/s/ Kevin G Moug by Ella Leapaldt, Attorney-in-Fact | 02/08/2018 | |
**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) | Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock. |
(2) | 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. |
(3) | These shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e). |
(4) | The restricted stock units vest in four equal installments which began February 6, 2016. |
(5) | The restricted stock units vest in four equal annual installments which began February 6, 2017. |
(6) | The restricted stock units vest in four equal annual installments which began February 6, 2018. |
(7) | The restricted stock units vest in four equal annual installments beginning the date shown above. |