ORMAT TECHNOLOGIES, INC. — Director's Dealing 2014

Apr 1, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2014-03-31

Reporting Person: Reiss Zvi (ExcutivMang.Project Manag.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-31	Common Stock	M	1964	$26.84	Acquired	1964	Direct
2014-03-31	Common Stock	S	1964	$30.40	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-31	Stock Appreciation Right	$26.84	M	17200	Disposed	2016-03-18	Common Stock (1964)	Direct

Footnotes

F1: (i)20,000 stock options granted at an exercise price of $34.13 per share, each exercisable from 04/07/2008 to 04/07/2016; (ii) 24,000 stock options granted at an exercise price of $45.78 per share, each exercisable from 04/08/2010 to 04/08/2015 (iii)balance of 14,000 Stock Appreciation Rigts granted at an exercise price of $26.84 each exercisable from 03/18/2011 to 03/18/2016(iv)24,000 Stock Appreciation Rigts granted at an exercise price of $29.95 each exercisable from 04/16/2012 to 04/16/2017(v)24,000 Stock Appreciation Rigts granted at an exercise price of $25.65 each exercisable from 03/31/2013 to 03/31/2018 (vi)22,000 Stock Appreciation Rigts granted at an exercise price of $20.13 each exercisable from 04/02/2014 to 04/02/2019(vii)50,000 Stock Appreciation Rigts granted at an exercise price of $23.34 each exercisable from 04/06/2015 to 04/06/2020."