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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
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
C/O ORMAT TECHNOLOGIES, INC.
6140 PLUMS ST.
07/01/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
(Street)
RENO
NV
89519-6075
Line)
X
Form filed by One Reporting Person
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)
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
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)
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:

  1. 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.

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

  3. 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.

  4. Each Performance Stock Unit represent the right to receive one share of ORA common stock upon vesting

  5. 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.