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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:

  1. 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 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:

  1. 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:

  1. 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 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:

  1. 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 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:

  1. 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

  1. 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:

  1. 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).

  2. 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:

  1. 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 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.