Sec Form 4 Filing - ROGELSTAD TIMOTHY J @ Otter Tail Corp - 2017-04-08

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
ROGELSTAD TIMOTHY J
2. Issuer Name and Ticker or Trading Symbol
Otter Tail Corp [ OTTR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Sr VP, Elect Plat, Pres OTP
(Last) (First) (Middle)
215 S CASCADE ST
3. Date of Earliest Transaction (MM/DD/YY)
04/08/2017
(Street)
FERGUS FALLS, MN56537-2801
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/08/2017 M 250 A 10,216.141 D
Common Stock 04/08/2017 F( 2 ) 85 D $ 38.075 10,131.141 D
Common Stock 04/08/2017 F( 3 ) 152 D $ 38.075 9,979.141 ( 4 ) D
Common Stock 2,434.4876 I ESOP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock ( 5 ) 04/08/2017 M 250 04/08/2017 04/08/2017 Common Stock 250 $ 0 0 D
Restricted STock Units ( 5 ) 02/06/2016( 6 ) ( 6 ) Common Stock 900 900 D
Restricted Stock ( 5 ) 02/06/2017( 7 ) ( 7 ) Common Stock 1,800 1,800 D
Restricted Stock ( 5 ) 02/06/2018( 8 ) ( 8 ) Common Stock 1,700 1,700 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ROGELSTAD TIMOTHY J
215 S CASCADE ST
FERGUS FALLS, MN56537-2801
Sr VP, Elect Plat, Pres OTP
Signatures
/s/ Timothy J Rogelstad by Ella J Leapaldt 04/11/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person receives one share of Common Stock for each restricted stock unit that vests.
( 2 )Grant of Restricted Stock Units. On 4/8/2017, 85 shares of Common Stock were withheld by the Corporation to pay taxes due upon vesting of restricted stock units, exempt pursuant to Rule 16b-3(e).
( 3 )Grant of Restricted Stock. On 4/8/2017, 152 shares of Common Stock were withheld by the Corporation to pay taxes due upon vesting of the restricted stock, exempt pursuant to Rule 16b-3(e).
( 4 )Total direct holdings include shares held in Dividend Reinvestment Plan, shares held jointly with spouse that were acquired through the Employee Stock Purchase Plan and shares acquired pursuant to Restricted Stock Awards and Restricted Stock Units.
( 5 )Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation Common Stock.
( 6 )The restricted stock units vest in four equal annual installments beginning February 6, 2016.
( 7 )The restricted stock units vest in four equal annual installments beginning February 6,2017.
( 8 )The restricted stock units vest in four equal annual installments beginning February 6,2018.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).

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