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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2020
Jun 18, 2020
6968_rns_2020-06-18_b184a409-3b83-464b-89ef-9e61489d010b.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 | |
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| OMB Number: Estimated average burden |
3235-0287 |
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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* Kattan, Yehezkel |
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 | ||||||
| (Last) c/o Ormat Technologies, Inc. |
(First) | (Middle) | 3. Date of Earliest Transaction (Month/Day/Year) | X Officer (give title below) |
Other (specify below) | ||
| 6140 Plumas St. | 06/15/2020 | General Counsel & CCO | |||||
| (Street) | 4. If Amendment, Date Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line) |
|||||
| Reno NV 89519-6075 | 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 / Year) |
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 |
|||
|---|---|---|---|---|---|---|---|---|---|---|
| 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 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) |
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 |
(Instr. 4) | |||||||
| Stock Appreciation Rights |
\$69.14 | 06/15/2020 | A | 20,808 | 06/15/2022 (1) |
06/15/2026 Common | stock | 20,808 | 0 | 20,808 | D | ||||
| Restricted Stock Units |
(2) | 06/15/2020 | A | 2,760 | (3) | (3) | Common stock |
2,760 | 0 | 2,760 | D | ||||
| Performance Stock Units |
(4) | 06/15/2020 | A | 2,885 | (5) | (5) | Common stock |
2,885 | 0 | 2,885 | 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 represents 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
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 | ||||||
| Kattan, Yehezkel c/o Ormat Technologies, Inc. 6140 Plumas St. Reno NV 89519-6075 |
General Counsel & CCO |
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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