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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 |
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| 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 |
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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. 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) |
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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) |
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) |
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| Code | V | (A) | (D) | Date Exercisable |
Expiration Date |
Title | Amount or Number of Shares |
Reported Transaction (s) (Instr. 4) |
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| 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:
-
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.
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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.