SPIES GARY J 4
4 · Otter Tail Corp · Filed Apr 12, 2011
Insider Transaction Report
Form 4
Otter Tail CorpOTTR
SPIES GARY J
Director
Transactions
- Award
Common Stock
2011-04-11+3,000→ 30,073.119 total
Holdings
- 23,249.419
Phantom Stock Units (right to buy)
→ Common Stock
Footnotes (7)
- [F1]Shares of Common Stock acquired under the Corporation's Stock Incentive Plan, which is a grant of Restricted Stock. The 3,000 shares granted 4/11/2011 vest 25% yearly commencing 4/8/2012.
- [F2]This grant has a FMV of $22.51.
- [F3]Total direct holdings include shares jointly held with spouse at Piper Jaffray, shares held by spouse at Dorn & Co and shares acquired individually through Dividend Reinvestment and pursuant to Restricted Stock Award distributions.
- [F4]1 -for -1
- [F5]There is no specific "Exercisable Date" on the Phantom Stock Award.
- [F6]There is no specific "Expiration Date" on this Phantom Stock Award.
- [F7]Phantom Stock Units acquired under the 1999 Stock Incentive Plan at fair market value as part of the Compensation Program for Outside Directors. He first elected this method of payment in 2011.