AI assistant
ORMAT TECHNOLOGIES, INC. — Director's Dealing 2016
Jun 16, 2016
6968_rns_2016-06-16_ee984aa9-f8a8-439a-914b-03ce8b5f41f3.pdf
Director's Dealing
Open in viewerOpens in your device viewer
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* Hatzir Shimon |
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 | 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) | 6. Individual or Joint/Group Filing (Check Applicable | |||||||||||||||||
| (Street) RENO NV 89511 |
Line) X Form filed by One Reporting Person |
|||||||||||||||||
| 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. 4. Securities Acquired (A) Transaction or Disposed Of (D) (Instr. Code (Instr. 3, 4 and 5) 8) |
Securities Owned Following |
5. Amount of 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 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 |
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).
\$42.87 06/14/2016 A 42,500 (1) 06/14/2018 06/14/2022 Common
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.