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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 | ||||||||
Stock Options (right to buy) | $ 19.75 | 12/15/2009 | M | 10,000 | 04/10/2001(6) | 04/10/2010 | Common Stock | 25,000 | $ 0 | 10,000 | D | ||||
Stock Options (right to buy) | $ 19.75 | 12/16/2009 | M | 10,000 | 04/10/2001(6) | 04/10/2010 | Common Stock | 25,000 | $ 0 | 0 | D | ||||
Stock Options (right to buy) | $ 26.25 | 04/09/2002(6) | 04/09/2011 | Common Stock | 75,000 | 75,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ERICKSON JOHN D 215 S CASCADE ST FERGUS FALLS, MN 56537-2801 |
X | President & CEO |
/s/ John D Erickson by Debra J Lill, Attorney-in-Fact | 12/17/2009 | |
**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) | All sales and gifts reported in this Form 4 were effected pursuant to Rule 10b5-1(c) trading plans. |
(2) | Trading Plan was adopted by the reporting person on 3/6/2008. |
(3) | These shares were gifted from the joint account with his wife through Merrill Lynch to The John and Kim Erickson Family Foundation, a non-profit charitable corporation under Section 501(c)(3) of the Internal Revenue Code also held with Merrill Lynch. |
(4) | Total direct holdings include shares jointly held with spouse through Merrill Lynch and shares acquired individually pursuant to Restricted Stock Awards and Performance Award distributions. |
(5) | Trading Plan was adopted by The John and Kim Erickson Family Foundation, a non-profit charitable corporation under Section 501(c)(3) of the Internal Revenue Code on 5/7/2008. |
(6) | Stock options vest in cumulative annual installments of 25% beginning the date shown. |
Remarks: Due to SEC limitations of 30 transactions per Form 4 filing, please view the second Form 4 filing for full report. On July 1, 2009, Otter Tail Corporation (CIK #001466593) became the successor of Otter Tail Power Company (formerly Otter Tail Corporation CIK #0000075129) pursuant to an internal holding company reorganization. The reorganization resulted in Otter Tail Corporation's becoming a parent holding company of Otter Tail Power Company, but did not alter the proportionate interests of security holders. |