Sec Form 4 Filing - MOUG KEVIN G @ Otter Tail Corp - 2021-02-10

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
MOUG KEVIN G
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)
CFO & Sr VP
(Last) (First) (Middle)
215 S CASCADE ST
3. Date of Earliest Transaction (MM/DD/YY)
02/10/2021
(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 02/10/2021 A 9,252 ( 1 ) A $ 42.345 88,037 D
Common Stock 02/10/2021 F 4,004 ( 2 ) D $ 42.345 84,033 ( 3 ) D
Common Stock 341 I by 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 Units ( 4 ) 02/10/2021 A 2,900 02/06/2022( 5 ) ( 5 ) Common Stock 2,900 $ 0 2,900 D
Restricted Stock Units ( 4 ) 02/06/2019( 5 ) ( 5 ) Common Stock 600 600 D
Restricted Stock Units ( 4 ) 02/06/2020( 5 ) ( 5 ) Common Stock 1,150 1,150 D
Restricted Stock Units ( 4 ) 02/06/2021( 5 ) ( 5 ) Common Stock 1,650 1,650 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MOUG KEVIN G
215 S CASCADE ST
FERGUS FALLS, MN56537-2801
CFO & Sr VP
Signatures
/s/ Kevin G Moug by Ella Leapaldt, Attorney-in-Fact 02/12/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares received upon the vesting of certain performance criteria in connection with a Performance Share Award(granted in 2018).
( 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 jointly held with spouse, shares acquired individually through the Employee Stock Purchase Plan and shares acquired pursuant to Restricted Stock Awards and Performance Award distributions.
( 4 )Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.
( 5 )The restricted stock units vest in four equal annual installments beginning the date shown above.

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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