ORMAT TECHNOLOGIES, INC. — Director's Dealing 2011

Apr 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2011-03-31

Reporting Person: Choresh Aaron (V.P. Operations R.O.W.)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-31	Stock Appreciation Right	$25.65	A	12500	Acquired	2018-03-31	Common Stock (12500)	Direct

Footnotes

F1: Includes:
(i) 9,250 stock options granted at an exercise price of $34.13 per share, each exercisable from 04/07/2008 to 04/07/2013; (ii) 10,000 stock options granted at an exercise price of $42.08 per share, each exercisable from 03/29/2009 to 03/29/2014; (iii) 10,000 stock options granted at an exercise price of $45.78 per share, each exercisable from 04/08/2010 to 04/08/2015; (iv) 15,000 Stock Appreciation Rights granted at an exercise price of $26.84, each exercisable from 03/18/2011 to 03/18/2016; and (v) 12,500 Stock Appreciation Rights granted at an exercise price of $29.95, each exercisable from 04/16/2012 to 04/16/2017.