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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)
X
Director
10% Owner
Officer (give title
Other (specify
below)
below)
(Last)
(First)
(Middle)
C/O ORMAT TECHNOLOGIES, INC.
3. Date of Earliest Transaction (Month/Day/Year)
11/07/2019
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
(Street)
RENO
NV
89519-6075
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.
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
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)
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)
Code V (A) (D) Date
Exercisable
Expiration
Date
Title or
of
Amount
Number
Shares
Reported
Transaction
(s) (Instr. 4)
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

  1. 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)

  1. 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)

  1. The stock appreciation rights vest 100% on the one-year anniversary of the date of grant.

  2. 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.