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: Klein Erez (V.P., Operations)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-14	Stock Appreciation Right	$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.

F2: This includes the following grants which are fully vested: (i)12,000 Stock Appreciation Rights granted on April 16, 2010 at exercise price of $29.95 ea (ii) 15,000 Stock Appreciation Rights granted on March 31, 2011 at exercise price of $25.65 ea , (iii) 15,000 Stock Appreciation Rights granted on April 2, 2012 at exercise price of $20.13 ea and (iv) 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.