ORMAT TECHNOLOGIES, INC. — Director's Dealing 2016

Jun 15, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2016-06-14

Reporting Person: Blachar Doron (CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-14	Stock Appreciation Rights	$42.87	A	42500	Acquired	2022-06-14	Common Stock (42500)	Direct

Footnotes

F1: The Stock Appreciation Rights will vest and become exercisable according to the following schedule: 50% on June 14, 2018, 25% on June 14, 2019 and 25% on June 14, 2020 and is subject to acceleration in the case of "change in control" (as defined in his employment agreement dated January 6, 2013).

F2: This includes the following grants (i) 53,229 Stock options granted on April 2, 2013 at exercise price of $20.54 out of which 28,229 has vest and the balance of 25,000 will vest on April 2, 2017 and(ii) 9,271 Stock Options granted on February 10, 2014 at exercise price of $24.57 ea out of which 1146 has vested and the balance of 8125 will vest on February 9, 2017.