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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) | 02/06/2019 | M | 300 | 02/06/2019 | (4) | Common Stock | 900 | $ 0 | 900 | D | ||||
Restricted Stock Units | (1) | 04/13/2015 | (5) | Common Stock | 250 | 250 | D | ||||||||
Restricted Stock Units | (1) | 04/13/2016 | (6) | Common Stock | 300 | 300 | D | ||||||||
Restricted Stock Units | (1) | 04/10/2017 | (7) | Common Stock | 225 | 225 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Smestad Jennifer O. 215 S CASCADE ST FERGUS FALLS, MN 56537-2801 |
VP, Gen Coun & Corp Sec |
/s/ Jennifer O Smestad by Ella Leapaldt, Attorney-in-Fact | 02/08/2019 | |
**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) | These shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e). |
(3) | Total direct holdings include shares held jointly with spouse acquired through the dividend reinvestment plan, Employee Stock Purchase Plan and shares acquired individually pursuant to Restricted Stock Awards. |
(4) | Restricted Stock Units vest in four equal annual installments which begin 2/06/2019. |
(5) | Restricted stock units vest four years from date shown above. |
(6) | Restricted stock units vest four years from date shown above. |
(7) | Restricted stock units vest four years from date shown above. |