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ORMAT TECHNOLOGIES, INC. Director's Dealing 2018

May 10, 2018

6968_rns_2018-05-10_0982062f-c862-4d18-a4e6-ac242b054a17.pdf

Director's Dealing

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
OMB Number: 3235-0287
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Estimated average burden
Check this box if no longer subject to
Section 16. Form 4 or Form 5
obligations may continue. See
Instruction 1(b).
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
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 5. Relationship of Reporting Person(s) to Issuer
ORMAT TECHNOLOGIES, INC. [ ORA ] (Check all applicable)
Angel Isaac Director 10% Owner
(Last)
6225 NEIL ROAD
(First)
C/O ORMAT TECHNOLOGIES, INC.
(Middle) 05/08/2018 3. Date of Earliest Transaction (Month/Day/Year) X Officer (give title
below)
CEO
below) Other (specify
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
Form filed by More than One Reporting
Person
(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.
Transaction
Code (Instr.
8)
4. Securities Acquired (A)
or Disposed Of (D) (Instr.
3, 4 and 5)
5. Amount of
Securities
Beneficially
Owned
Following
6.
Ownership
Form: Direct
(D) or
Indirect (I)
7. Nature
of Indirect
Beneficial
Ownership
(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
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
10.
Ownership
Form:
Direct (D)
or Indirect
(I) (Instr. 4)
11. Nature
of Indirect
Beneficial
Ownership
(Instr. 4)
Code V (A) (D) Date
Exercisable
Expiration
Date
Title Amount
or
Number
of Shares
Reported
Transaction
(s) (Instr. 4)
Restricted
Stock Unit
(1) 05/08/2018 A 39,615 (2) 11/07/2023 Common Stock 39,615 \$0 139,615 D
Stock
Appreciation
Rights
\$55.16 05/08/2018 A 294,899 11/07/2018 (3) 11/07/2023 Common Stock 294,899 \$0 434,514 D

Code V Amount

(A) or

Price

Explanation of Responses:

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

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

Remarks:

Etty Rosner is signing on behalf of Mr.Angel pursuant to a power of attorney dated March 4, 2014.

/s/ Etty Rosner 05/09/2018

** Signature of Reporting Person Date

Reported Transaction(s) (Instr. 4)

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.