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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2018
Nov 9, 2018
6968_rns_2018-11-09_48039aeb-adcf-4cb8-8548-c815219cdf4f.pdf
Director's Dealing
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| SEC Form 4 | |||||||||||||||||||
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| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
OMB APPROVAL | |||||||||||||||||
| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
OMB Number: 3235-0287 Estimated average burden STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP hours per response: 0.5 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| 2. Issuer Name and Ticker or Trading Symbol | 5. Relationship of Reporting Person(s) to Issuer | ||||||||||||||||||
| 1. Name and Address of Reporting Person* Granot David |
ORMAT TECHNOLOGIES, INC. [ ORA ] | (Check all applicable) X Director 10% Owner |
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| (Last) (First) (Middle) C/O ORMAT TECHNOLOGIES, INC. |
3. Date of Earliest Transaction (Month/Day/Year) 11/07/2018 |
Officer (give title Other (specify below) below) |
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| 6140 PLUMS ST. | 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line) |
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| (Street) RENO NV 89519-6075 |
X Form filed by One Reporting Person Form filed by More than One Reporting Person |
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| (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. 4. Securities Acquired (A) or Transaction Disposed Of (D) (Instr. 3, 4 Code (Instr. and 5) 8) |
Owned | 5. Amount of Securities Beneficially |
6. Ownership Form: Direct (D) or |
7. Nature of Indirect Beneficial Ownership |
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| Code | V | Amount | (A) or (D) |
Price | Following Reported |
Transaction(s) (Instr. 3 and 4) |
Indirect (I) (Instr. 4) |
(Instr. 4) | |||||||||||
| Common Stock | 11/07/2018 | M | 1,526(1) | A | \$0(1) | 1,526 | D | ||||||||||||
| Common Stock | 11/07/2018 | S | 767(2) | D | \$51.98 | 759 | D | ||||||||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) |
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| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security |
3. Transaction Date (Month/Day/Year) |
3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
of (A) or of (D) and 5) |
5. Number Derivative Securities Acquired Disposed (Instr. 3, 4 |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
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) |
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| Code V | (A) (D) | Date Exercisable |
Date | Expiration | Title | Amount or Number of Shares |
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| Restricted Stock Units (RSU) |
(1) | 11/07/2018 | M | 1,526 | 11/07/2018 (1) |
(1) | Common Stock |
1,526 | \$0 | 0 | D | ||||||||
| Restricted Stock Units (SAR) |
(3) | 11/07/2018 | A | 1,825 | 11/07/2019 (3) |
(3) | Common Stock |
1,825 | \$0 | 1,825 | D | ||||||||
| Stock Appreciation Right (RSU) |
\$53.16 | 11/07/2018 | A | 1,621 | 11/07/2019 (4) |
11/07/2024 (4) |
Common Stock |
1,621 | \$0 | 1,621 | D |
Explanation of Responses:
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Each restricted stock unit represent the right to receive per share of ORA common stock upon vesting. The restricted stock units (The "RSUs") vested on November 7, 2018, the one-year anniversary of the date of grant.
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Represents shares of common stock sold in the open market on November 7, 2018, in order to satisfy the reporting person's tax withholding obligation in connection with the vesting of the RSUs 3. Each restricted stock unit represent the right to receive per share of ORA common stock upon vesting. The restricted stock units (The "RSUs") will vest (100%) on November 7, 2019, one-year anniversary
of the date of grant.
- The stock appreciation rights vest 100% on the one-year anniversary of the date of grant.
/s/ Etty Rosner, as attorney-infact 11/08/2018
** 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.