ORMAT TECHNOLOGIES, INC. — Director's Dealing 2016

Dec 27, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2016-12-23

Reporting Person: Klein Erez (V.P., Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-23	Common Stock	M	5150	$29.95	Acquired	5150	Direct
2016-12-23	Common Stock	S	5150	$52.95	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-23	Stock Appreciation Right	$29.95	M	12000	Disposed	2017-04-16	Common Stock (5150)	Direct

Footnotes

F1: This includes the following grants: (i) 15,000 Stock Appreciation Rights granted on March 31, 2011 at exercise price of $25.65 ea that are fully vested (ii) 15,000 Stock Appreciation Rights granted on April 2, 2012 at exercise price of $20.13 ea that are fully vested (iii) 40,000 Stock Appreciation Rights granted on June 4, 2013 at exercise price of $23.34 ea out of which 20,000 has vest and the balance 20,000 will vest on June 4, 2017 and (iv) 42,500 Stock Appreciation Rights granted on June 2016 out of which 50% will be vested on June 14, 2018, 25% on June 14, 2019 and 25% on June 14, 2020.