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: Angel Isaac (CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-14	Stock Appreciation Rights	$42.87	A	100000	Acquired	2022-06-14	Common Stock (100000)	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 February 11, 2014).

F2: This includes the following grants (i) 300,000 Stock options granted on April 1, 2014 at exercise price of $29.52 out of which 75,000 has vest and the balance of 225,000 will vest in 3 equal installments commencing on March 31, 2017 and(ii) 100,000 Stock Options granted on April 1, 2014 at exercise price of $29.52 ea that will vest on March 31, 2021.