ORMAT TECHNOLOGIES, INC. — Director's Dealing 2018

May 9, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2018-05-08

Reporting Person: Angel Isaac (CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-08	Restricted Stock Unit	$	A	39615	Acquired	2023-11-07	Common Stock (39615)	Direct
2018-05-08	Stock Appreciation Rights	$55.16	A	294899	Acquired	2023-11-07	Common Stock (294899)	Direct

Footnotes

F1: Each restricted stock unit represents the right to receive payment of an amount equal to all or a portion of the fair market value of a specified number of shares of the Issuer's common stock upon vesting.

F2: The restricted stock units vest 22%, 22%, 28% and 28%, respectively, on November 7 of years 2018, 2019, 2019 and 2021.

F3: The stock appreciation rights vest 22%, 22%, 28% and 28%, respectively, on November 7 of years 2018, 2019,2020 and 2021.