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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2017
Nov 12, 2017
6968_rns_2017-11-12_5caf4fb4-b223-4edb-a0c6-a6d9f8c1883c.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 * Sullivan, Bob |
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) c/o Ormat Technologies, Inc. |
(Middle) | 3. Date of Earliest Transaction (Month/Day/Year) | X Officer (give title below) Other (specify below) EVP Sales Marketing BD |
|||||||||
| 6225 Neil Road | 11/07/2017 | |||||||||||
| (Street) | 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 |
||||||||||
| Reno NV 89511 | ___ 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 | 2. Transaction | 2A. Deemed | 3. Transaction | 4. Securities Acquired | 5. Amount of Securities Beneficially | 6. | 7. Nature | |||||
| (Instr. 3) | Date | Execution Date, if | Code | (A) or Disposed of (D) | Owned Following Reported | Ownership | of Indirect | |||||
| (Month/Day/Year) any |
(Instr. 8) | (Instr. 3, 4 and 5) | Transaction(s) | Form: | Beneficial | |||||||
| (Month/Day/Year) | (Instr. 3 and 4) | Direct (D) | Ownership | |||||||||
| or Indirect | (Instr. 4) | |||||||||||
| (A) or | (I) | |||||||||||
| 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 | 1,337 | (2) | (2) | Common | 1,337 | 0 | 88,794 | D | ||||
| Stock Units | Stock | ||||||||||||||
| Stock | \$63.35 | 11/07/2017 | A | 9,438 | 11/07/2019 | 11/07/2023 Common | 9,438 | 0 | 98,232 | D | |||||
| Appreciation | (3) | Stock | |||||||||||||
| Tights | |||||||||||||||
Reporting Owners
| Reporting Owner Name / Address | Relationships | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Director 10% Owner Officer | Other | ||||||||
| Sullivan, Bob c/o Ormat Technologies, Inc. 6225 Neil Road Reno NV 89511 |
EVP Sales Marketing BD |
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 25% on each of the one, two, three and four year anniversaries of the date of grant.
(3) The stock appreciation rights vest 25% on each of the one, two, three and four year anniversaries of the date of grant.
Remarks:
Etty Rosner is signing on behalf of Mr.Sullivan pursuant to a power of attorney dated January 12, 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.
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