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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2020
Jul 6, 2020
6968_rns_2020-07-06_ef636484-a36d-4fd9-a973-37ee00335412.pdf
Director's Dealing
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SEC Form 4
OMB APPROVAL
| Instruction 1(b). | Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP | Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
OMB Number: | Estimated average burden hours per response: |
3235-0287 0.5 |
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| 1. Name and Address of Reporting Person* Blachar Doron (Last) (First) (Middle) |
2. Issuer Name and Ticker or Trading Symbol ORMAT TECHNOLOGIES, INC. [ ORA ] 3. Date of Earliest Transaction (Month/Day/Year) |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title Other (specify X below) below) Chief Executive Officer 6. Individual or Joint/Group Filing (Check Applicable |
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| C/O ORMAT TECHNOLOGIES, INC. 6140 PLUMS ST. |
07/01/2020 4. If Amendment, Date of Original Filed (Month/Day/Year) |
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| (Street) RENO NV 89519-6075 |
Line) 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 |
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) |
if any | 2A. Deemed Execution Date, (Month/Day/Year) |
3. Transaction Code (Instr. 8) |
3, 4 and 5) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. |
Securities Beneficially Owned |
5. Amount of | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) |
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) |
(Instr. 4) | |||||||||||
| 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 |
Date | Expiration | Title | Amount or Number of Shares |
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Stock Appreciation Right \$63.4 01/07/2020 A 45,365 01/07/2022 (1) 01/07/2026 Common stock 45,365 \$0 45,365 D Restricted Stock Units (2) 01/07/2020 A 6,020 (3) (3) Common stock 6,020 \$0 6,020 D Performance Stock Units (4) 01/07/2020 A 6,540 (5) (5) Common stock 6,540 \$0 6,540 D
Explanation of Responses:
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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.
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Each restricted stock unit represents the right to receive one share of ORA common stock upon vesting.
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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.
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Each Performance Stock Unit represent the right to receive one share of ORA common stock upon vesting
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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
/s/ Etty Rosner As Attorneyin-Fact 07/06/2020
** 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.