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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2020
Nov 6, 2020
6968_rns_2020-11-06_a8d5db45-ec24-4f6d-9267-c046527a2d63.pdf
Director's Dealing
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SEC Form 4
OMB APPROVAL
| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
Washington, D.C. 20549 OMB Number: Estimated average burden STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP hours per response: Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
3235-0287 0.5 |
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| 1. Name and Address of Reporting Person* Granot David |
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) |
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| (Last) (First) (Middle) C/O ORMAT TECHNOLOGIES, INC. 6140 PLUMAS STREET |
3. Date of Earliest Transaction (Month/Day/Year) 11/04/2020 |
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| (Street) RENO NV 89519-6075 (City) (State) (Zip) |
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person |
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) |
2. Transaction | 2A. Deemed Execution Date, |
3. 4. Securities Acquired Transaction (A) or Disposed Of (D) |
5. Amount of Securities |
6. | Ownership | 7. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| (Month/Day/Year) | if any | (Month/Day/Year) | Code (Instr. 8) Code V |
(Instr. 3, 4 and 5) Amount |
(A) or (D) |
Price | Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) |
Form: Direct (D) or Indirect (I) (Instr. 4) |
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| 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 Reported Transaction (s) (Instr. 4) |
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 |
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| Restricted Stock Units |
(1) | 11/04/2020 | A | 1,430 | 11/04/2021 (2) | (2) | Common Stock |
1,430 | \$0 | 1,430 | D | ||||||
| Stock Appreciation right |
\$67.54 | 11/04/2020 | A | 1,315 | 11/04/2021 (3) | 11/04/2026 (3) |
Common Stock |
1,315 | \$0 | 1,315 | D |
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Explanation of Responses:
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Each restricted stock unit represent the right to receive per share of ORA common stock upon vesting.
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The restricted stock units (The "RSUs") will vest (100%) on November 4, 2021, the one-year anniversary of the date of Grant.
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The stock appreciation rights vest 100% on November 4, 2021, the one-year anniversary of the date of grant.
/s/ Etty Rosner- as attorneyin-fact 11/06/2020 ** 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.