ORMAT TECHNOLOGIES, INC. — Director's Dealing 2016

Jun 16, 2016

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)
Sullivan Bob														Director		10% Owner
													X		Officer (give title		Other (specify
(Last)	3. Date of Earliest Transaction (Month/Day/Year)										below)		below)
C/O ORMAT TECHNOLOGIES, INC.					06/14/2016								EVP Sales Marketing BD
6225 NEIL ROAD
				4. If Amendment, Date of Original Filed (Month/Day/Year)									6. Individual or Joint/Group Filing (Check Applicable
(Street)													Line)
RENO NV 89511												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		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		5. Amount of 6.	Ownership	7. Nature of Indirect
				(Month/Day/Year)									Owned		Beneficially	Form: Direct (D) or	Beneficial Ownership
										(A)		Following Reported		Indirect (I) (Instr. 4)	(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 of Securities (Month/Day/Year) Underlying				Derivative Security		of derivative	Ownership Form:	of Indirect Beneficial
(Instr. 3)	Price of (Month/Day/Year) Derivative Security			8)		Securities Acquired (A) or Disposed of (D) (Instr. 3, 4						Derivative Security		(Instr. 5)	Securities Beneficially Owned	Direct (D) or Indirect (I) (Instr. 4)	Ownership
									(Instr. 3 and 4)								(Instr. 4)
															Following
															Reported Transaction
						and 5)									(s) (Instr. 4)
												Amount
												or Number
				Code	V	(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.

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.