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: Zimron Ohad (V.P. U.S. Operations)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-31	Stock Appreciation Right	$25.65	A	22750	Acquired	2018-03-31	Common Stock (22750)	Direct

Footnotes

F1: Includes:
(i) 2,226 stock options (the remaining balance out of original grant of 4,450) granted at an exercise price of $15.0 per share, each exercisable from 11/10/2007 to 11/10/2014; (ii) 6,750 stock options (the remaining balance out of original grant of 9,000) granted at exercise price of $34.13 per share, each exercisable from 04/07/2008 to 04/07/2013; (iii) 15,000 stock options granted at exercise price of $42.08 per share, each exercisable from 03/29/2009 to 03/29/2014; (iv) 17,500 stock options granted at exercise price of $45.78 per share, each exercisable from 04/08/2010 to 04/08/2015; (v) 22,750 Stock Appreciation Rights granted at an exercise price of $26.84, each exercisable from 03/18/2011 to 03/18/2016; and (vi) 22,750 Stock Appreciation Rights granted at an exercise price of $29.95, each exercisable from 04/16/2012 to 04/16/2017.