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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2020
Jun 25, 2020
6968_rns_2020-06-25_95a25d16-02b0-4b2c-95f6-0c1c715f45a0.pdf
Director's Dealing
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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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| OMB Number: 3235-0287 |
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Check this box if no longer subject to 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 | ||||||||||||||||
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| 1. Name and Address of Reporting Person* Argas Shlomi |
2. Issuer Name and Ticker or Trading Symbol ORMAT TECHNOLOGIES, INC. [ ORA ] |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner |
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| (Last) | (Middle) | X | below) | Officer (give title | below) | Other (specify | ||||||||||
| (First) C/O ORMAT TECHNOLOGIES, INC. 6140 PLUMAS ST |
3. Date of Earliest Transaction (Month/Day/Year) 06/25/2020 |
EVP, Product Segment | ||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable | |||||||||||||||
| (Street) RENO NV 89519-6075 |
Line) X Form filed by One Reporting Person Form filed by More than One Reporting |
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| (City) | (State) | (Zip) | Person | |||||||||||||
| 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. 4. Securities Acquired Transaction (A) or Disposed Of (D) Code (Instr. (Instr. 3, 4 and 5) 8) |
5. Amount of Securities Beneficially Owned |
6. Ownership Form: Direct (D) |
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) |
or Indirect (I) (Instr. 4) |
(Instr. 4) | |||||||||
| Common Stock | 06/25/2020 | M | 2,160 (1) |
A | \$0(1) | 2,160 | 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) |
of | 5. Number 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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| Amount or |
Explanation of Responses:
Restricted Stock Units
- Each restricted stock unit represent the right to receive per share of ORA common stock upon vesting. The restricted stock units vest 50% on the second year anniversary and 25% on each of the three and four year anniversaries of the date of grant (June 25, 2018).
Date Exercisable Expiration Date Title
06/25/2024 (1)
Common
| /s/ Etty Rosner- as attorney | 06/25/2020 |
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| in-fact |
Stock 2,160 \$0(1) 2,160 D
** Signature of Reporting Person Date
Number of Shares
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).
(1) 06/25/2020 M 2,160 06/25/2020 (1)
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Code V (A) (D)
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.