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ORMAT TECHNOLOGIES, INC. Director's Dealing 2016

May 31, 2016

6968_rns_2016-05-31_535320da-e6bc-43e3-924c-8b4827bdaddf.pdf

Director's Dealing

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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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

1. Name and Address of Reporting Person*
Bronicki Investments Ltd.
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
(Last)
(First)
(Middle)
5 BROSH STREET
3. Date of Earliest Transaction (Month/Day/Year)
05/29/2016
Officer (give title
Other (specify
X
below)
below)
Member of 10% owner group.
(Street)
YAVNE
L3 81510 4. If Amendment, Date of Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check
Applicable Line)
Form filed by One Reporting Person
Form filed by More than One Reporting
(City) (State) (Zip) X
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
Following
6.
Ownership
Form:
Direct (D)
or Indirect
7. Nature
of Indirect
Beneficial
Ownership
(Instr. 4)
Code V Amount (A)
or
(D)
Price Reported
Transaction
(s) (Instr. 3
and 4)
(I) (Instr. 4)
Common Stock, par value \$0.001 per share 05/29/2016 S 41,284
(1)
D \$43.303
(1)
3,526,959
(2)
D
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
4.
5.
6. Date Exercisable and
Execution Date,
Transaction
Number
Expiration Date
if any
Code (Instr.
of
(Month/Day/Year)
(Month/Day/Year)
8)
Derivative
Securities
Acquired
(A) or
Disposed
of (D)
(Instr. 3, 4
and 5)
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
Date Expiration Title Amount
or
Number
of
Shares
1. Name and Address of Reporting Person*
Bronicki Investments Ltd.
(Last) 5 BROSH STREET (First) (Middle)
(Street)
YAVNE
L3 81510
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Bronicki Yehudit
(Last) 5 BROSH STREET (First)
C/O BRONICKI INVESTMENTS LTD.
(Middle)
(Street)
YAVNE L3 81510
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Bronicki Lucien
(Last) (First) (Middle)
C/O BRONICKI INVESTMENTS LTD.
5 BROSH STREET
(Street)
YAVNE L3 81510
(City) (State) (Zip)

Explanation of Responses:

  1. The purchase price for the securities that are the subject of the transaction described in this Form 4 was paid in New Israeli Shekels (NIS). The purchase price set forth in Table I is based on the representative exchange rate of the NIS to the U.S. dollar set by the Bank of Israel on the date of the transaction.

  2. These shares are beneficially held directly by Bronicki Investments Ltd. Yehudit Bronicki and Lucien Bronicki are each directors of Bronicki Investments Ltd. and each shares voting and dispositive power over the shares held by Bronicki Investments Ltd. Accordingly, each of Mrs. Bronicki and Mr. Bronicki may be deemed to share beneficial ownership of the shares held by Bronicki Investments Ltd. However, each of Mrs. Bronicki and Mr. Bronicki disclaims beneficial ownership of all such shares except to the extent of its respective pecuniary interest therein.

Remarks:

Bronicki Investments Ltd., Yehudit Bronicki and Lucien Bronicki acted in concert with FIMI in connection with certain Voting and Undertaking Agreements, Voting Neutralization Agreements, and an SHA, each defined and described in a Schedule 13D filed with the Securities and Exchange Commission on February 17, 2015, as amended and filed with the Securities and Exchange Commission on November 8, 2015 .(as amended from time to time). Consequently, Bronicki Investments Ltd., Mrs. Bronicki and Mr. Bronicki may be deemed to constitute a "group" with FIMI for purposes of Section 16 of the Securities Exchange Act of 1934. Neither the filing of this Form 4 nor any of its contents shall be deemed to constitute an admission that a group exists for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, and each of Bronicki Investments Ltd., Mrs. Bronicki and Mr. Bronicki disclaims the existence of any such group.

Bronicki Investments Ltd.,
By: /s/ Yehudit Bronicki
05/31/2016
/s/ Yehudit Bronicki 05/31/2016
/s/ Lucien Bronicki 05/31/2016
** 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.