ORMAT TECHNOLOGIES, INC. — Director's Dealing 2014

Apr 3, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2014-04-01

Reporting Person: Angel Isaac (CEO Appointee)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$29.5200	2021-09-30	Common Stock (100000)		Direct
Stock Option (Right to Buy)	$29.5200	2020-03-31	Common Stock (300000)		Direct

Footnotes

F1: All of the options granted will become fully vested seven years following the date of the grant. This vesting schedule is subject to accelration in certain circumstances upon a change of control.

F2: The options will vest in four equal installments, commencing March 31, 2016. The options expire six years from the date of grant. The options will become void if the proposed amendment of Section 15(a) of the Ormat Technolgies, Inc. 2012 Incentive Compensation Plan submitted to the stockholders of the Company for thier approval at the 2014 Annual Meeting of Stockholders, scheduled to be held May 8, 2014, is not approved by the Company's stockholders by May 31, 2014. This vesting schedule is subject to accelaration in certain circumstances upn a change of control.