Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

ORMAT TECHNOLOGIES, INC. Director's Dealing 2017

Aug 1, 2017

6968_dirs_2017-08-01_92d055da-01b2-4c5c-bcd8-7e82a9adca77.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4/A — Form 4/A

Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2017-07-17

Reporting Person: FIMI IV 2007 LTD. (10% Owner)
Reporting Person: FIMI ENRG, L.P (10% Owner)
Reporting Person: FIMI ENRG Ltd Partnership. (10% Owner)
Reporting Person: DAVIDI ISHAY (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2017-07-17 Common Stock, par value $0.001 per share S 203528 $27.52 Acquired 7202646 Indirect
2017-07-26 Common Stock, par value $0.001 per share S 7202646 $57 Disposed 0 Indirect

Footnotes

F1: FIMI IV 2007 Ltd. ("FIMI IV 2007"), is the general partner of each of FIMI ENRG, L.P. ("FIMI ENRG 1") and FIMI ENRG, Limited Partnership ("FIMI ENRG 2"). Ishay Davidi is the Chief Executive Officer of FIMI IV 2007.

F2: On July 26, 2017 (the "Closing"), FIMI IV 2007, FIMI ENRG 1, FIMI ENRG 2 and Ishay Davidi (the "FIMI Entities") sold all of their shares of common stock, par value $0.001 per share ("Shares") of the Issuer to Orix Corporation ("Orix"). Prior to the Closing and pursuant to a Settlement Agreement dated July 17, 2017, FIMI ENRG 1 and FIMI ENRG 2 exercised the call option granted to them under a Share Purchase Agreement dated March 16, 2012 and an Amended and Restated Shareholders Rights Agreement dated November 10, 2014 and purchased from Bronicki Investments Ltd. ("Bronicki") an aggregate of 203,528 Shares of the Issuer for $27.52 per share, with such price determined in accordance with those agreements (constituting an exercise of an in-the-money derivative security). In addition, prior to the Closing, FIMI ENRG 2 purchased from Mr. Gillon Beck and Mr. Ami Boehm an aggregate of 75,000 Shares of the Issuer at a price per share of $57.

F3: All such Shares were sold by FIMI ENRG 1 and FIMI ENRG 2, as applicable, to Orix.