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ORMAT TECHNOLOGIES, INC. Director's Dealing 2016

Sep 30, 2016

6968_rns_2016-09-30_ea09a066-a131-4c1c-ad8f-a8eecc7e5edd.pdf

Director's Dealing

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SEC Form 4
------------

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

or Section 30(h) of the Investment Company Act of 1940
FIMI IV 2007 LTD. 1. Name and Address of Reporting Person* [ ORA ] 2. Issuer Name and Ticker or Trading Symbol
ORMAT TECHNOLOGIES, INC.
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director
X 10% Owner
(Last)
ELECTRA TOWER,
(First) (Middle) 3. Date of Earliest Transaction (Month/Day/Year)
09/28/2016
Officer (give title
below)
Other (specify
below)
(Street)
TEL AVIV
(City)
98 YIGAL ALON STREET
L3
(State)
67891
(Zip)
4. If Amendment, Date of Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check
Applicable Line)
Form filed by One Reporting Person
Form filed by More than One Reporting
X
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 Amount (A)
or
(D)
Price Reported
Transaction
(s) (Instr. 3
and 4)
(I) (Instr. 4)

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.
8)
5.
Transaction
Number
Code (Instr.
of
Derivative
Securities
Acquired
(A) or
Disposed
of (D)
(Instr. 3, 4
and 5)
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
  1. Name and Address of Reporting Person*
FIMI IV 2007 LTD.
(Last) (First) (Middle)
ELECTRA TOWER,
98 YIGAL ALON STREET
(Street)
TEL AVIV
L3 67891
(City) (State) (Zip)
1. Name and Address of Reporting Person*
FIMI ENRG, L.P
(Last) (First) (Middle)

C/O FIMI IV 2007 LTD., ELECTRA TOWER, 98 YIGAL ALON STREET

L3 67891
(Zip)
1. Name and Address of Reporting Person*
(Middle)
C/O FIMI IV 2007 LTD.,
ELECTRA TOWER, 98 YIGAL ALON STREET
67891
(Zip)
(Middle)
67891
(Zip)
(State)
FIMI ENRG Ltd Partnership.
(First)
L3
(State)
1. Name and Address of Reporting Person*
DAVIDI ISHAY
(First)
C/O FIMI IV 2007 LTD.,
ELECTRA TOWER, 98 YIGAL ALON STREET
L3
(State)

Explanation of Responses:

  1. FIMI IV 2007 Ltd. ("FIMI IV 2007"), is the general partner of each of FIMI ENRG, L.P. ("FIMI ENRG 1") and FIMI ENRG, Limited Partnership ("FIMI ENRG 2"). Ishay Davidi is the Chief Executive Officer of FIMI IV 2007. On September 28, 2016, FIMI IV 2007, 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.

  2. Due to certain agreements with Bronicki Investments Ltd ("Bronicki") the FIMI Entities may be deemed to beneficially own and have shared voting power over 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. Each of the reporting person and the joint filers disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and, in any event, disclaims beneficial ownership of all Shares beneficially owned by Bronicki.

Remarks:

  1. Ishay Davidi, an authorized signatory of the reporting person, has executed this Form 4 on behalf of the reporting person and the other joint filers.

/s/ Ishay Davidi 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.