ORMAT TECHNOLOGIES, INC. — Director's Dealing 2016

Jun 16, 2016

SEC Form 4

OMB APPROVAL

Instruction 1(b).	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See			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 Number: Estimated average burden hours per response:	3235-0287 0.5
1. Name and Address of Reporting Person* Blachar Doron					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 Officer (give title Other (specify
(Last) (First) (Middle) C/O ORMAT TECHNOLOGIES, INC. 6225 NEIL ROAD				3. Date of Earliest Transaction (Month/Day/Year) 06/14/2016									X below) below) CFO
(Street) RENO NV 89511 (City) (State) (Zip)				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. Transaction Code (Instr. 8) Code V		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) (A) Amount 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. 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		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.

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.

https://www.sec.gov/Archives/edgar/data/1296445/000143774916033899/xslF345X03/r... 16/06/16