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ORMAT TECHNOLOGIES, INC. Director's Dealing 2020

Jun 18, 2020

6968_rns_2020-06-18_47dfb446-c061-4b6d-8c58-05927b305f64.pdf

Director's Dealing

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FORM 4
-------- --

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person*
Takahashi, Hidetake
2. Issuer Name and Ticker or Trading Symbol
Ormat Technologies, Inc. [ORA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
(Last)
6140 Plumas St.
(First)
(Middle)
c/o Ormat Technologies, Inc.
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2020
X Director
Officer (give title below)
10% Owner
Other (specify below)
Reno NV 89519-6075 (Street) 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form Filed by One Reporting Person
(City) (State) (Zip) ___ Form Filed by More than One Reporting 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 /
3.
Transaction
Code
(Instr. 8)
4. Securities
Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities
Beneficially Owned
Following Reported
Transaction(s)
6.
Ownership
Form:
Direct (D)
7. Nature
of Indirect
Beneficial
Ownership
Year) Code V Amount (A)
or
(D)
Price (Instr. 3 and 4) or Indirect
(I)
(Instr. 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
Acquired
(A) or
Disposed
of (D)
(Instr. 3,
4, and 5)
Derivative
Securities
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 of
Derivative
Security:
Direct (D)
or Indirect
(I)
(Instr. 4)
11. Nature
of Indirect
Beneficial
Ownership
(Instr. 4)
Code V (A) (D) Date
Exercisable
Expiration
Date
Title Amount
or
Number
of
Shares
Stock
Appreciation
Rights
\$69.14 06/15/2020 A 578 06/15/2021
(1)
06/15/2026 Common stock 578 0 578 D

Explanation of Responses:

(1) The stock appreciation rights vest 100% on the first anniversary of the grant date.

Signatures

/s/ Etty Rosner As Attorney-in-Fact 06/17/2020 **Signature of Reporting Person Date

Reporting Owners

Relationships
Reporting Owner Name / Address Director 10% Owner Officer Other
Takahashi, Hidetake
c/o Ormat Technologies, Inc.
6140 Plumas St.
Reno NV 89519-6075
X

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.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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