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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2016
Sep 30, 2016
6968_rns_2016-09-30_85b264fc-a264-4741-ab91-bdf5cb1150e6.pdf
Director's Dealing
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FORM 4 UNITED STATES SECURITIES AND EXCHANGE
COMMISSION Washington, D.C. 20549
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| OMB Number: 3235-0287 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
| 1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) |
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| Beck Gillon | ORMAT TECHNOLOGIES, INC. [ ORA ] |
X X Director 10% Owner Officer (give title Other (specify |
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| (Last) (First) (Middle) C/O ORMAT TECHNOLOGIES, INC. 6225 NEIL ROAD |
3. Date of Earliest Transaction (Month/Day/Year) 09/28/2016 |
below) below) |
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| (Street) RENO NV 89511 |
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting |
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| (City) | (State) | (Zip) | Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) |
2A. Deemed Execution Date, if any (Month/Day/Year) |
3. Transaction Code (Instr. 8) |
4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following |
6. Ownership Form: Direct (D) or Indirect |
7. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) Amount or (D) |
Price | Reported (I) (Instr. 4) Transaction (s) (Instr. 3 and 4) |
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| Common Stock, par value \$0.001 per share | 09/28/2016 | S | 390,000 (1) |
D | \$48.64 6,924,118 (1)(2) |
I | By FIMI ENRG, L.P. and FIMI ENRG, Limited Partnership (1) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security |
3. Transaction Date (Month/Day/Year) |
3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Acquired (A) or of (D) and 5) |
Derivative Securities Disposed (Instr. 3, 4 |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of derivative Securities Beneficially Owned Following Reported Transaction (s) (Instr. 4) |
10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable |
Expiration Date |
Title | Amount or Number of Shares |
Explanation of Responses:
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The reporting person, a member of the board of directors of the Issuer, is also an officer of FIMI IV 2007 Ltd., the general partner of each of FIMI ENRG, L.P. ("FIMI ENRG 1") and FIMI ENRG, Limited Partnership ("FIMI ENRG 2"). On September 28, 2016, FIMI IV 2007 Ltd., FIMI ENRG 1, FIMI ENRG 2 and Ishay Davidi (the "FIMI Entities") sold 390,000 shares of common stock, par value \$0.001 per share ("Shares"), of the Issuer. The reporting person disclaims beneficial ownership of the reported securities.
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Due to certain agreements with Bronicki Investments Ltd ("Bronicki") the FIMI Entities may be deemed to beneficially own 3,526,959 Shares beneficially owned by Bronicki, which together with the 6,924,118 Shares beneficially owned by the FIMI Entities represent approximately 21.06% of the Issuer's outstanding Shares. The FIMI Entities and the reporting person disclaim beneficial ownership of all Shares owned by Bronicki.
Remarks:
- Etty Rosner is signing on behalf of Mr. Beck pursuant to a power of attorney dated June 1, 2012.
/s/ Etty Rosner 09/30/2016
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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