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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2016
Jun 16, 2016
6968_rns_2016-06-16_56a5a99b-deb4-429e-999e-29d11d5791e8.pdf
Director's Dealing
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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
OMB APPROVAL OMB Number: 3235-0287 Estimated average burden
Check this box if no longer subject to hours per response: 0.5 Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
| 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) |
|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Klein Erez | ORMAT TECHNOLOGIES, INC. [ ORA ] | Director | 10% Owner | ||||||||||||||||
| Officer (give title | Other (specify | ||||||||||||||||||
| (Last) | (First) | (Middle) | 3. Date of Earliest Transaction (Month/Day/Year) 06/14/2016 |
X below) below) V.P., Operations |
|||||||||||||||
| C/O ORMAT TECHNOLOGIES, INC. | |||||||||||||||||||
| 6225 NEIL ROAD | |||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line) |
||||||||||||||||||
| (Street) | X | Form filed by One Reporting Person | |||||||||||||||||
| RENO | NV | 89511 | Form filed by More than One Reporting | ||||||||||||||||
| Person | |||||||||||||||||||
| (City) (State) (Zip) |
|||||||||||||||||||
| 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. 3, 4 and 5) 8) |
4. Securities Acquired (A) or Disposed Of (D) (Instr. |
5. Amount of Securities Beneficially Owned Following |
6. Ownership Form: Direct (D) or |
7. Nature of Indirect Beneficial Ownership |
||||||||||||
| Code V Amount |
(A) or (D) |
Price | Reported | Transaction(s) (Instr. 3 and 4) |
Indirect (I) (Instr. 4) |
(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. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) |
Expiration Date (Month/Day/Year) |
6. Date Exercisable and | 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 |
|||||||||||||
| Stock Appreciation |
\$42.87 | 06/14/2016 | A | 42,500 | 06/14/2018 (1) | 06/14/2022 Common Stock |
42,500 | \$0 | 124,500 (2) | D |
Explanation of Responses:
-
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.
-
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.
Remarks:
Right
Etty Rosner is signing on behalf of Mr. Klein pursuant to a power of attorney dated July 15, 2014, filed as an exhibit hereto.
/s/ Etty Rosner 06/15/2016 ** 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.
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
OMB APPROVAL OMB Number: 3235-0287 Estimated average burden
Check this box if no longer subject to hours per response: 0.5 Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
| or Section 30(h) of the Investment Company Act of 1940 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Krieger Zvi | 1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol | ORMAT TECHNOLOGIES, INC. [ ORA ] | (Check all applicable) | 5. Relationship of Reporting Person(s) to Issuer | ||||||||||||||||
| Director | 10% Owner | ||||||||||||||||||||
| X | below) | Officer (give title | below) | Other (specify | |||||||||||||||||
| (Last) | (First) | (Middle) | 3. Date of Earliest Transaction (Month/Day/Year) 06/14/2016 |
E.V.P. Electricty Segment | |||||||||||||||||
| C/O ORMAT TECHNOLOGIES, INC. | |||||||||||||||||||||
| 6225 NEIL ROAD | |||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | Line) | 6. Individual or Joint/Group Filing (Check Applicable | |||||||||||||||||||
| (Street) | X | Form filed by One Reporting Person | |||||||||||||||||||
| RENO | NV | 89511 | Form filed by More than One Reporting | ||||||||||||||||||
| Person | |||||||||||||||||||||
| (City) | (State) | (Zip) | |||||||||||||||||||
| 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) |
or Disposed Of (D) (Instr. 3, 4 and 5) |
4. Securities Acquired (A) Owned Following |
5. Amount of Securities Beneficially |
6. Ownership Form: Direct (D) or Indirect (I) |
7. Nature of Indirect Beneficial Ownership (Instr. 4) |
|||||||||||||
| Code | V | Amount | (A) or (D) |
Price | Reported | Transaction(s) (Instr. 3 and 4) |
(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. Transaction of Code (Instr. 8) (A) or of (D) and 5) |
5. Number Derivative Securities Acquired 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) |
||||||||||
| Amount or Number Date Expiration of |
Exercisable
Date Title
Explanation of Responses:
- 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. 2. This includes balance of 25,000 Stock Appreciation Rights granted on June 4, 2013 at exercise price of \$23.34 ea that will vest on June 4, 2017.
Code V (A) (D)
\$42.87 06/14/2016 A 42,500 06/14/2018 (1) 06/14/2022 Common
Remarks:
Stock Appreciation Right
Etty Rosner is signing on behalf of Kriger Zvi pursuant to a power of attorney dated 09/27/06.
/s/ Etty Rosner 06/15/2016
Shares
** Signature of Reporting Person Date
Stock 42,500 \$0 67,500 (2) D
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.
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
OMB APPROVAL OMB Number: 3235-0287 Estimated average burden
Check this box if no longer subject to hours per response: 0.5 Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
| or Section 30(h) of the Investment Company Act of 1940 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hatzir Shimon | 1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol ORMAT TECHNOLOGIES, INC. [ ORA ] |
(Check all applicable) | 5. Relationship of Reporting Person(s) to Issuer | ||||||||||||||||
| Director | 10% Owner | |||||||||||||||||||
| X | below) | Officer (give title | below) | Other (specify | ||||||||||||||||
| (Last) | (First) | (Middle) | 3. Date of Earliest Transaction (Month/Day/Year) 06/14/2016 |
Executive V.P. Engineering. | ||||||||||||||||
| C/O ORMAT TECHNOLOGIES, INC. | ||||||||||||||||||||
| 6225 NEIL ROAD | ||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | Line) | 6. Individual or Joint/Group Filing (Check Applicable | ||||||||||||||||||
| (Street) | X | Form filed by One Reporting Person | ||||||||||||||||||
| RENO | NV | 89511 | Form filed by More than One Reporting | |||||||||||||||||
| Person | ||||||||||||||||||||
| (City) | (State) | (Zip) | ||||||||||||||||||
| 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) |
Securities Beneficially Owned Following |
5. Amount of | 6. Ownership Form: Direct (D) or Indirect (I) |
7. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||||||||||
| Code | V | Amount | (A) or (D) |
Price | Reported | Transaction(s) (Instr. 3 and 4) |
(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. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) |
Expiration Date (Month/Day/Year) |
6. Date Exercisable and | 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:
-
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.
-
This includes balance of 31,200 Stock Appreciation Rights granted on June 4, 2013 at exercise price of \$23.34 ea out of which 6250 has vest and the balance 25,000 will vest on June 4, 2017. Remarks:
Stock Appreciation Rigts (SAR)
Etty Rosner is signing on behalf of Shimon Hatzir pursuant to a power of attorney dated 09/27/06.
| /s/ Etty Rosner | 06/15/2016 | ||
|---|---|---|---|
** Signature of Reporting Person Date
Stock 42,500 \$0 73,750 (2) D
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.
\$42.87 06/14/2016 A 42,500 (1) 06/14/2018 06/14/2022 Common
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
OMB APPROVAL OMB Number: 3235-0287 Estimated average burden
Check this box if no longer subject to hours per response: 0.5 Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
| or Section 30(h) of the Investment Company Act of 1940 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wolf Nir | 1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol ORMAT TECHNOLOGIES, INC. [ ORA ] |
(Check all applicable) | 5. Relationship of Reporting Person(s) to Issuer | |||||||||||
| Director | 10% Owner | ||||||||||||||
| (Last) | (First) | C/O ORMAT TECHNOLOGIES, INC. | (Middle) | 06/14/2016 | 3. Date of Earliest Transaction (Month/Day/Year) | X | Officer (give title below) |
below) E.V.P. Market Develop. |
Other (specify | ||||||
| 6225 NEIL ROAD | 4. If Amendment, Date of Original Filed (Month/Day/Year) | ||||||||||||||
| (Street) | 6. Individual or Joint/Group Filing (Check Applicable Line) |
||||||||||||||
| RENO | NV | 89511 | 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) |
Transaction Code (Instr. |
4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned |
6. Ownership Form: Direct (D) or |
7. Nature of Indirect Beneficial Ownership |
||||||||
| Code | V | Amount | (A) or (D) |
Price | Following Reported Transaction(s) (Instr. 3 and 4) |
Indirect (I) (Instr. 4) |
(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 |
4. Transaction Code (Instr. |
5. Number of Derivative |
6. Date Exercisable and 7. Title and Amount Expiration Date of Securities (Month/Day/Year) Underlying |
8. Price of 9. Number Derivative of Security derivative |
10. Ownership Form: |
11. Nature of Indirect Beneficial |
| (Instr. 3) | Price of Derivative Security |
(Month/Day/Year) | 8) | Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) |
Derivative Security (Instr. 3 and 4) |
(Instr. 5) | Securities Beneficially Owned Following Reported Transaction (s) (Instr. 4) |
Direct (D) or Indirect (I) (Instr. 4) |
Ownership (Instr. 4) |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Code | V | (A) | (D) | Date Exercisable |
Expiration Date |
Title | Amount or Number of Shares |
||||||||
| Stock Appreciation Rights (SARS) |
\$42.87 | 06/14/2016 | A | 25,000 (1) | 06/14/2018 | 06/14/2022 Common | Stock | 25,000 | \$0 | 50,000 (2) | D |
Explanation of Responses:
-
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.
-
This includes balance of 25,000 Stock Appreciation Rights granted on June 4, 2013 at excercise price of \$23.34 ea that will vest on June 4, 2017.
Remarks:
Etty Rosner is signing on behalf of Nir Wolf pursuant to a power of attorney dated 09/27/06.

** 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.
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
OMB APPROVAL OMB Number: 3235-0287 Estimated average burden
Check this box if no longer subject to hours per response: 0.5 Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
| 1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol | 5. Relationship of Reporting Person(s) to Issuer | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sullivan Bob | ORMAT TECHNOLOGIES, INC. [ ORA ] | (Check all applicable) Director 10% Owner |
||||||||||||||||||
| Officer (give title | Other (specify | |||||||||||||||||||
| (Last) | (First) | (Middle) | 3. Date of Earliest Transaction (Month/Day/Year) | X | below) | below) | ||||||||||||||
| 06/14/2016 | EVP Sales Marketing BD | |||||||||||||||||||
| C/O ORMAT TECHNOLOGIES, INC. | ||||||||||||||||||||
| 6225 NEIL ROAD | ||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | Line) | 6. Individual or Joint/Group Filing (Check Applicable | ||||||||||||||||||
| (Street) | X | Form filed by One Reporting Person | ||||||||||||||||||
| RENO | NV | 89511 | Form filed by More than One Reporting | |||||||||||||||||
| Person | ||||||||||||||||||||
| (City) | (State) | (Zip) | ||||||||||||||||||
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||||||||||||
| 1. Title of Security (Instr. 3) | 2. Transaction | 2A. Deemed 3. Execution Date, Transaction |
4. Securities Acquired (A) | 5. Amount of 6. Ownership |
7. Nature of Indirect |
|||||||||||||||
| Date (Month/Day/Year) |
if any | Code (Instr. | or Disposed Of (D) (Instr. 3, 4 and 5) |
Securities Beneficially |
Form: Direct | Beneficial | ||||||||||||||
| (Month/Day/Year) | 8) | Owned Following |
(D) or Indirect (I) |
Ownership (Instr. 4) |
||||||||||||||||
| (A) | Reported | (Instr. 4) | ||||||||||||||||||
| Code | V | Amount | or (D) |
Price | Transaction(s) (Instr. 3 and 4) |
|||||||||||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) |
||||||||||||||||||||
| 1. Title of | 2. | 3. Transaction | 3A. Deemed | 4. | 5. Number | 6. Date Exercisable and | 7. Title and Amount | 8. Price of | 9. Number | 10. | 11. Nature | |||||||||
| Derivative Security |
Conversion or Exercise |
Date (Month/Day/Year) |
Execution Date, if any |
Transaction Code (Instr. |
of Derivative |
Expiration Date (Month/Day/Year) |
of Securities Underlying |
Derivative Security |
of derivative |
Ownership Form: |
of Indirect Beneficial |
|||||||||
| (Instr. 3) | Price of | (Month/Day/Year) | 8) | Securities | Derivative Security | (Instr. 5) | Securities | Direct (D) | Ownership | |||||||||||
| Derivative Security |
Acquired (A) or |
(Instr. 3 and 4) | Beneficially Owned |
or Indirect (I) (Instr. 4) |
(Instr. 4) | |||||||||||||||
| Disposed | Following | |||||||||||||||||||
| of (D) (Instr. 3, 4 |
Reported Transaction |
|||||||||||||||||||
| and 5) | (s) (Instr. 4) | |||||||||||||||||||
| Amount or |
||||||||||||||||||||
| Number | ||||||||||||||||||||
| (A) | (D) | Date Exercisable |
Date | Expiration | Title | of Shares |
Explanation of Responses:
- 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.
\$42.87 06/14/2016 A 42,500 (1) 06/14/2018 06/14/2022 Common
- This includes the following grants which are fully vested(i) 12,500 Stock Appreciation Rights granted on April 16, 2010 at exercise price of \$29.95 ea(ii) 12,500 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.
Remarks:
Stock Appreciation Right
Etty Rosner is signing on behalf of Mr.Sullivan pursuant to a power of attorney dated January 12, 2015.
/s/ Etty Rosner 06/15/2016 ** Signature of Reporting Person Date
Stock 42,500 \$0 122,500 (2) D
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.
OMB APPROVAL
| Instruction 1(b). | Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP | Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
OMB Number: | Estimated average burden hours per response: |
3235-0287 0.5 |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Blachar Doron | 1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol ORMAT TECHNOLOGIES, INC. [ ORA ] |
(Check all applicable) | Director | Officer (give title | 5. Relationship of Reporting Person(s) to Issuer 10% Owner Other (specify |
|||||||||||
| (Last) (First) (Middle) C/O ORMAT TECHNOLOGIES, INC. 6225 NEIL ROAD |
X below) 3. Date of Earliest Transaction (Month/Day/Year) 06/14/2016 |
below) CFO |
|||||||||||||||
| (Street) RENO (City) |
4. If Amendment, Date of Original Filed (Month/Day/Year) Line) X Person |
6. Individual or Joint/Group Filing (Check Applicable Form filed by One Reporting Person Form filed by More than One Reporting |
|||||||||||||||
| 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. 4. Securities Acquired (A) Transaction or Disposed Of (D) (Instr. Code (Instr. 3, 4 and 5) 8) Code V Amount |
(A) or |
Price | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) |
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr. 4) |
|||||||||
| (D) | (Instr. 3 and 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. 3. Transaction 3A. Deemed Conversion Date Execution Date, or Exercise (Month/Day/Year) if any Price of (Month/Day/Year) Derivative Security |
4. Transaction Code (Instr. 8) |
5. Number 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 |
||||||||||
| Stock Appreciation Rights |
\$42.87 | 06/14/2016 | A | 42,500 | 06/14/2018 (1) | 06/14/2022 Common Stock |
42,500 | \$0 | 105,000 (2) | D |
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Explanation of Responses:
-
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 January 6, 2013).
-
This includes the following grants (i) 53,229 Stock options granted on April 2, 2013 at exercise price of \$20.54 out of which 28,229 has vest and the balance of 25,000 will vest on April 2, 2017 and(ii) 9,271 Stock Options granted on February 10, 2014 at exercise price of \$24.57 ea out of which 1146 has vested and the balance of 8125 will vest on February 9, 2017.
Remarks:
Etty Rosner is signing on behalf of Mr. Blachar pursuant to a power of attorney dated April 2, 2013.
/s/ Etty Rosner 06/15/2016 ** 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.
SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden Check this box if no longer subject to hours per response: 0.5 Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). 1. Name and Address of Reporting Person* Argas Shlomi 2. Issuer Name and Ticker or Trading Symbol ORMAT TECHNOLOGIES, INC. [ ORA ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title Other (specify
| (Last) 6225 NEIL ROAD |
(First) C/O ORMAT TECHNOLOGIES, INC. |
(Middle) | 3. Date of Earliest Transaction (Month/Day/Year) 06/14/2016 |
below) below) Executive V.P., Projects |
|---|---|---|---|---|
| (Street) RENO (City) |
NV (State) |
89511 (Zip) |
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 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 |
6. Ownership Form: Direct (D) or |
7. Nature of Indirect Beneficial Ownership |
|||
|---|---|---|---|---|---|---|---|---|---|---|
| Code | V | Amount | (A) or (D) |
Price | Following Reported Transaction(s) (Instr. 3 and 4) |
Indirect (I) (Instr. 4) |
(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. Transaction Code (Instr. 8) |
5. Number 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 |
|||||||||
| Stock Appreciation Rights |
\$42.87 | 06/14/2016 | A | 42,500 | 06/14/2018 (1) | 06/14/2022 Common | Stock | 42,500 | \$0 | 107,500 (2) | D |
Explanation of Responses:
-
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.
-
This includes the following grants: (i)15,000 Stock Appreciation Rights granted on April 2, 2012 at exercise price of \$20.13 ea that are fully vested and(ii) 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.
Remarks:
Etty Rosner is signing on behalf of Shlomi Argas pursuant to a power of attorney dated 15/7/2014.

** 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.