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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2014
Feb 11, 2014
6968_dirs_2014-02-11_6adb6e0a-68fd-45fa-a418-700b021e146b.zip
Director's Dealing
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SEC Form 3/A — Form 3/A
Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2013-04-02
Reporting Person: Blachar Doron (CFO)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $20.5400 | 2019-04-02 | Common Stock (100000) | Direct |
Footnotes
F1: As previously reported on the Form 3 filed by the Reporting Person on April 3, 2013 (the "Original Filing"), the Reporting Person reported acquiring stock options to purchase 120,000 shares of common stock pursuant to the Issuer's 2012 Incentive Compensation Plan (the "Plan"). However, the Issuer subsequently determined that stock options to purchase 20,000 shares of common stock were not validly granted pursuant to the Plan because they exceeded the limit on the number of stock options that any participant may receive in one calendar year. Accordingly, the attempted grant of these excess stock options was ineffective, and they were never granted to the Reporting Person. The Reporting Person is filing this amendment to report the correct amount of stock options acquired.
F2: The options to purchase 100,000 shares of common stock will vest in four equal installments, commencing on the first anniversary of the grant date. This vesting schedule is subject to acceleration in certain circumstances upon a change of control.