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ORMAT TECHNOLOGIES, INC. Director's Dealing 2017

Nov 12, 2017

6968_rns_2017-11-12_559976c5-ee66-47a8-97c5-ad343881b7c0.pdf

Director's Dealing

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longer subject to Section 16. Form 4 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2018 Estimated average burden hours per response... 0.5

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Form 5 obligations may continue. See Instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

(Print or Type Responses)
1. Name and Address of Reporting Person *
Barniv, Ravit
2. Issuer Name and Ticker or Trading Symbol
Ormat Technologies, Inc. [ORA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director
10% Owner
(Last)
c/o Ormat Technologies, Inc.
6225 Neil Road
(First) (Middle) 3. Date of Earliest Transaction (Month/Day/Year)
11/07/2017
Officer (give title below) Other (specify below)
Reno NV 89511 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable 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. Transaction
Code
(Instr. 8)
4. Securities Acquired
(A) or Disposed of (D)
(Instr. 3, 4 and 5)
(A) or
5. Amount of Securities Beneficially
Owned Following Reported
Transaction(s)
(Instr. 3 and 4)
6.
Ownership
Form:
Direct (D)
or Indirect
(I)
7. Nature
of Indirect
Beneficial
Ownership
(Instr. 4)
Code V Amount (D) Price (Instr. 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 of 10. 11. Nature
Derivative Conversion Date Execution Date, if Transaction
of
Expiration Date of Securities Derivative Derivative Ownership of Indirect
Security or Exercise (Month/Day/Year) any Code Derivative (Month/Day/Year) Underlying Security Securities Form of Beneficial
(Instr. 3) Price of (Month/Day/Year) (Instr. 8) Securities Derivative Security (Instr. 5) Beneficially Derivative Ownership
Derivative Acquired (Instr. 3 and 4) Owned Security: (Instr. 4)
Security (A) or Following Direct (D)
Disposed Reported or Indirect
of (D) Transaction(s) (I)
(Instr. 3, 4, (Instr. 4) (Instr. 4)
and 5)
Amount
or
Number
Date Expiration of
Code V (A) (D) Exercisable Date Title Shares
Restricted (1) 11/07/2017 A 1,526 (2) (2) Common 1,526 0 16,526 D
Stock Units Stock
Stock \$63.35 11/07/2017 A 1,361 11/07/2018 11/07/2023 Common 1,361 0 17,887 D
Appreciation (3) Stock
Rights

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Barniv, Ravit
c/o Ormat Technologies, Inc.
6225 Neil Road
Reno NV 89511
X

Signatures

/s/ Etty Rosner 11/09/2017 **Signature of Reporting Person Date

Explanation of Responses:

(1) Each restricted stock unit represents the right to receive one share of ORA common stock upon vesting.

(2) The restricted stock units vest 100% on the one year anniversary of the date of grant.

(3) The stock appreciation rights vest 100% on the one year anniversary of the date of grant.

Remarks:

Etty Rosner is signing on behalf of Mrs. Barniv pursuant to a power of attorney dated November 11, 2015.

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.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. Proof created by RDG16.com, a service of RDG Filings