ORMAT TECHNOLOGIES, INC. — Director's Dealing 2012

Apr 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2012-04-02

Reporting Person: Hatzir Shimon (Senior .V.P. Engineering.)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-02	Stock Appreciation Right	$20.13	A	22000	Acquired	2019-04-02	Common Stock (22000)	Direct

Footnotes

F1: Includes:
(i) 9,000 stock options granted at an exercise price of $34.13per share, each exercisable from 04/07/2008 to 04/07/2013; (ii) 15,000 stock options granted at an exercise price of $42.08 per share, each exercisable from 03/29/2009 to 03/29/2014 and (iii)17,500 stock options granted at an exercise price of $45.78 per share, each exercisable from 04/08/2010 to 04/08/2015 (iv) 22,750 Stock Appreciation Rigts granted at an exercise price of $26.84 each exercisable from 03/18/2011 to 03/18/2016(vi) 24,000 Stock Appreciation Rigts granted at an exercise price of $29.95 each exercisable from 04/16/2012 to 04/16/2017 (vii) 24,000 Stock Appreciation Rigts granted at an exercise price of $26.65 each exercisable from 03/31/2013 to 03/31/2018