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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2019
Nov 13, 2019
6968_rns_2019-11-13_9b3ece1f-9f0d-4991-ac0b-49b79b7653df.pdf
Director's Dealing
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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 Instruction 1(b).
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* STERN STANLEY |
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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| X Director 10% Owner Officer (give title Other (specify below) below) |
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| (Last) (First) (Middle) C/O ORMAT TECHNOLOGIES, INC. |
3. Date of Earliest Transaction (Month/Day/Year) 11/07/2019 |
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| 6140 PLUMS ST. | 4. If Amendment, Date of Original Filed (Month/Day/Year) 11/08/2019 |
6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person |
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| (Street) RENO NV 89519-6075 |
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| 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. 8) |
4. Securities Acquired (A) Transaction or Disposed Of (D) (Instr. Code (Instr. 3, 4 and 5) |
Securities Owned |
5. Amount of Beneficially |
6. Ownership Form: Direct (D) or |
7. Nature of Indirect Beneficial Ownership |
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| Code | V | Amount | (A) or (D) |
Price | Following Reported |
Transaction(s) (Instr. 3 and 4) |
Indirect (I) (Instr. 4) |
(Instr. 4) | |||||||||||
| Common Stock | 11/07/2019 | M | 1,825(1) | A | \$0(1) | 3,351 | D | ||||||||||||
| 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) |
Expiration Date (Month/Day/Year) |
6. Date Exercisable and | 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 | or of |
Amount Number Shares |
Reported Transaction (s) (Instr. 4) |
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| Restricted Stock Units |
(1) | 11/07/2019 | M | 1,825 | 11/07/2019 (1) | 11/07/2019 (1) |
Common Stock |
1,825 | \$0 | 0 | D | ||||||||
| Restricted Stock Units |
(2) | 11/07/2019 | A | 1,256 (4) |
11/07/2020 (2) |
11/07/2020 (2) |
Common Stock |
1,256 | \$0 | 1,256 | D | ||||||||
| Stock Appreciation |
\$76.87 | 11/07/2019 | A | 1,210 | 11/07/2020 | 11/06/2025 | Common |
Explanation of Responses:
Appreciation right
- Each restricted stock unit represent the right to receive per share of ORA common stock upon vesting. The restricted stock units vested on November 7, 2019, the one-year anniversary of the date of grant.
(3)
(3)
- Each restricted stock unit represent the right to receive per share of ORA common stock upon vesting. The restricted stock units (The "RSUs") will vest (100%) on November 7, 2020, one-year anniversary of the date of grant.
(4)
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The stock appreciation rights vest 100% on the one-year anniversary of the date of grant.
-
The Reporting Person is amending the Form 4 filed on November 8, 2019, which, due to administrative error, inadvertently reported grants of 1,256 restricted stock units and 1,210 stock appreciation rights as dispositions rather than acquisitions.
/s/ Etty Rosner- as attorneyin-fact 11/12/2019
Stock 1,210 \$0 1,210 D
** 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.