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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2016
Jun 16, 2016
6968_rns_2016-06-16_5751d1d5-5416-4949-ba9b-e47723813f1f.pdf
Director's Dealing
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SEC Form 4
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 ORMAT TECHNOLOGIES, INC. [ ORA ] |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) |
|||||||||||||||
| Krieger Zvi | 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) | 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. 8) |
4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially |
6. Ownership |
7. Nature of Indirect |
||||||||||
| Owned | Form: Direct (D) or |
Beneficial Ownership (Instr. 4) |
|||||||||||||||
| (A) | Following Reported Transaction(s) |
Indirect (I) (Instr. 4) |
|||||||||||||||
| Code | V | Amount | or (D) |
Price | (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. 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) |
||||||
| Date | Expiration | Amount or Number 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.
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.