ORMAT TECHNOLOGIES, INC. — Director's Dealing 2020

May 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2020-05-12

Reporting Person: Benyosef Ofer (EVP - BD, Sales and Marketing)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-12	Stock Appreciation Rights	$68.34	A	21271	Acquired	2026-12-05	Common stock (21271)	Direct
2020-05-12	Restricted Stock Units	$	A	2792	Acquired		Common stock (2792)	Direct
2020-05-12	Performance Stock Units	$	A	2562	Acquired		Common stock (2562)	Direct

Footnotes

F1: The stock appreciation rights vest 50% on the second anniversary of the grant date and 25% on each third and fourth anniversaries of the date of grant.

F2: Each restricted stock unit represents the right to receive one share of ORA common stock upon vesting.

F3: The restricted stock units vest 50% on the second anniversary of the grant date and 25% on each third and fourth anniversaries of the date of grant.

F4: Each performance stock unit represents the right to receive one share of ORA common stock upon vesting.

F5: The Performance stock units vest 50% on the second anniversary of the grant date and 25% on each third and fourth anniversaries of the date of grant