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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2018
Nov 9, 2018
6968_rns_2018-11-09_677cecc0-c8c6-4a04-a7a3-ed4cf46ab093.pdf
Director's Dealing
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| SEC Form 4 | ||||||||||||||||||
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| FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION |
OMB APPROVAL | |||||||||||||||||
| Washington, D.C. 20549 | OMB Number: | Estimated average burden | 3235-0287 | |||||||||||||||
| Check this box if no longer subject | STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP | hours per response: | 0.5 | |||||||||||||||
| to Section 16. Form 4 or Form 5 obligations may continue. See Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 Instruction 1(b). |
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| or Section 30(h) of the Investment Company Act of 1940 | ||||||||||||||||||
| 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 |
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| Officer (give title Other (specify X below) below) EVP Sales Marketing BD |
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| (Last) (First) (Middle) |
3. Date of Earliest Transaction (Month/Day/Year) 11/07/2018 |
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| C/O ORMAT TECHNOLOGIES, INC. | ||||||||||||||||||
| 6140 PLUMS ST | 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable | ||||||||||||||||
| (Street) | Line) X Form filed by One Reporting Person |
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| RENO | NV | 89519 | 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) Transaction or Disposed Of (D) (Instr. 3, Code (Instr. 4 and 5) 8) |
5. Amount of Securities Beneficially Owned Following |
6. Ownership Form: Direct (D) or Indirect |
7. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | Amount | (A) or (D) |
Price | Reported Transaction (s) (Instr. 3 and 4) |
(I) (Instr. 4) | ||||||||||||
| Common Stock | 11/07/2018 | 334(1) | A | \$0(1) | 334 | D | ||||||||||||
| Common Stock | 11/08/2018 | 23(2) | D | \$51.89 | 311 | D | ||||||||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||||||||||
| (e.g., puts, calls, warrants, options, convertible securities) | ||||||||||||||||||
| 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) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) |
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 |
Expiration Date |
Title | Amount or Number of Shares |
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| Restricted Stock Units |
(1) | 11/07/2018 | M | 334 | 11/07/2018 (1) |
(1) | Common Stock |
334 | \$0 | 1,003 | 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 vest 25% on each of the one, two, three and four year anniversaries of the date of grant (November 7, 2017)
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Represents shares of common stock sold in the open market on November 8, 2018, in order to satisfy the reporting person's tax withholding obligation in connection with the vesting of the RSUs
/s/ Etty Rosner, as attorneyin-fact 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.