Waslaski Shane N 4

4 · Otter Tail Corp · Filed Apr 10, 2013

Form 4

Period: 2013-04-08

Sr VP, Man & Infra Platform

Transactions

Award
Common Stock
2013-04-08+1,700→ 6,466.375 total
Exercise/Conversion
Restricted Stock Units (right to buy)
2013-04-08−2,000→ 0 total
From: 2013-04-08Exp: 2013-04-08→ Common Stock (2,000 underlying)
Tax Payment
Common Stock
2013-04-08$31.03/sh−169$5,244→ 4,766.375 total
Exercise/Conversion
Common Stock
2013-04-08+2,000→ 5,608.375 total
Tax Payment
Common Stock
2013-04-08$31.03/sh−673$20,883→ 4,935.375 total

Holdings

Restricted Stock Units (right to buy)
From: 2014-04-08Exp: 2014-04-08→ Common Stock (3,000 underlying)
3,000
Restricted Stock Units (right to buy)
From: 2015-04-08Exp: 2015-04-08→ Common Stock (5,500 underlying)
5,500

Footnotes (8)

[F1]The reporting person receives one share of Common Stock for each restricted stock unit that vests.
[F2]In accordance with the issuer's equity award program, restricted stock units were forfeited to issuer in satisfaction of tax withholding obligation upon vesting of 2,000 restricted stock units on April 8, 2013. The issuer returned such forfeited restricted stock units to the respective stock plan.
[F3]Grant of Restricted Stock. On 4/8/2013, 169 shares of Common Stock were withheld by the Corporation to pay taxes due upon vesting of restricted stock, exempt pursuant to Rule 16b-3(e).
[F4]Shares of Common Stock acquired under the Corporation's Stock Incentive Plan, which is a grant of Restricted Stock. The 1,700 shares granted 4/8/2013 vest 25% yearly commencing 4/8/2014.
[F5]This grant has a FMV of $31.0305.
[F6]Total direct holdings include shares jointly held with spouse in the Employee Stock Purchase Plan, shares held individually with Wells Fargo and Merrill Lynch and shares acquired pursuant to Restricted Stock Units and Restricted Stock Award distributions.
[F7]Each restricted stock unit represents a contingent right to receive one share of Common Stock.
[F8]1 -for -1

Documents

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