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ORMAT TECHNOLOGIES, INC. Director's Dealing 2018

Jun 28, 2018

6968_rns_2018-06-28_3fd83f9c-a3aa-4fe8-90b3-833d4e8ecb2d.pdf

Director's Dealing

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Instruction 1(b).

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB APPROVAL OMB Number: 3235-0287 Estimated average burden Check this box if no longer subject to hours per response: 0.5 Section 16. Form 4 or Form 5 obligations may continue. See

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol
ORMAT TECHNOLOGIES, INC. [ ORA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Argas Shlomi Director 10% Owner
below) Officer (give title below) Other (specify
(Last)
(First)
(Middle)
3. Date of Earliest Transaction (Month/Day/Year)
06/25/2018
EVP, Product Segment&oprations
C/O ORMAT TECHNOLOGIES, INC.
6225 NEIL ROAD 4. If Amendment, Date of Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable
(Street) Line)
RENO NV 89511 X Form filed by One Reporting Person
Person Form filed by More than One Reporting
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction 2A. Deemed 3. 4. Securities Acquired (A) 5. Amount of
6.
Securities
Beneficially
7. Nature
of Indirect
Beneficial
Ownership
Date
(Month/Day/Year)
Execution Date,
if any
(Month/Day/Year)
Transaction
or Disposed Of (D) (Instr.
Code (Instr.
3, 4 and 5)
Ownership
Form: Direct
8) Owned
Following
(D) or
Indirect (I)
(Instr. 4)
Code
V
Amount (A)
or
Price
Reported Transaction(s) (Instr. 4)
(D) (Instr. 3 and 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 10. 11. Nature
Derivative
Security
Conversion
or Exercise
Date
(Month/Day/Year)
Execution Date,
if any
Transaction
Code (Instr.
of
Derivative
Expiration Date
(Month/Day/Year)
of Securities
Underlying
Derivative
Security
of
derivative
Ownership
Form:
of Indirect
Beneficial
(Instr. 3) Price of
(Month/Day/Year)
Derivative
Security
8) Securities
Acquired
Derivative Security
(Instr. 3 and 4)
(Instr. 5) Securities
Beneficially
Owned
Following
Reported
Transaction
Direct (D)
or Indirect
(I) (Instr. 4)
Ownership
(Instr. 4)
(A) or
Disposed
(Instr. 3, 4
of (D)
and 5) (s) (Instr. 4)
Amount
or
Date Expiration Number
of
Code V (A) (D) Exercisable Date Title Shares
Restricted
Stock Units
(1) 06/25/2018 A 4,320 (2) (2) Common
Stock
4,320 \$0 5,657 D
Stock
Appreciation
\$53.44 06/25/2018 A 30,833 06/25/2020 (3) 06/25/2024 Common Stock 30,833 \$0 82,771 D

Explanation of Responses:

Rights

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

  2. The restricted stock units vest over four years with 50% on the second anniversary of the the date of grant and 25% on each of the third and fourth anniversaries of the date of grant.

  3. The stock appreciation rights vest over four years with 50% on the second anniversary of the the date of grant and 25% on each of the third and fourth anniversaries of the date of grant

/s/ Etty Rosner, as attorney in
fact
06/27/2018
** 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.