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