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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

OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response: 0.5

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)
Beck Gillon ORMAT TECHNOLOGIES, INC.
[ ORA ]
X
X
Director
10% Owner
Officer (give title
Other (specify
(Last)
(First)
(Middle)
C/O ORMAT TECHNOLOGIES, INC.
6225 NEIL ROAD
3. Date of Earliest Transaction (Month/Day/Year)
09/28/2016
below)
below)
(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
(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)
Code V (A)
Amount
or
(D)
Price Reported
(I) (Instr. 4)
Transaction
(s) (Instr. 3
and 4)
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)
Code V (A) (D) Date
Exercisable
Expiration
Date
Title Amount
or
Number
of
Shares

Explanation of Responses:

  1. 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.

  2. 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:

  1. 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.