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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 | (2) | 02/06/2015 | A | 12,250 | (3) | (4) | Common Stock | 12,250 | (5) | 12,250 (6) | D | ||||
Restricted Stock Units (right to buy) | (7) | 02/06/2015 | A | 2,500 | 02/06/2016(8) | 02/06/2016(8) | Common Stock | 2,500 | $ 0 | 2,500 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
KOECK GEORGE A 215 S CASCADE ST FERGUS FALLS, MN 56537-2801 |
Sr VP, Gen Coun & Corp Sec |
/s/ George A Koeck by Debra J Lill, Attorney-in-Fact | 02/09/2015 | |
**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) | Total direct holdings include shares held in the Dividend Reinvestment Plan and shares acquired pursuant to Restricted Stock Awards and Performance Award distributions. |
(2) | This is a Performance Share Award and has no conversion or exercise price at this time. |
(3) | There is no specific "Exercisable Date" on this Performance Share Award. |
(4) | There is no specific "Expiration Date" on this Performance Share Award. |
(5) | The grant price of this award was based on fair market value at the time of the grant which was $21.32. |
(6) | Performance Share Award acquired under the 1999 Stock Incentive Plan. This award was reaffirmed at the Board of Directors meeting held 2/6/2015 and is based on performance period of 1/1/2012 - 12/31/2014. |
(7) | Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock. |
(8) | The restricted stock units vest in four equal annual installments beginning February 6, 2016. |