ORMAT TECHNOLOGIES, INC. — Director's Dealing 2020

Jun 18, 2020

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

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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* 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
(Last) c/o Ormat Technologies, Inc.	(First) (Middle) 06/15/2020		3. Date of Earliest Transaction (Month/Day/Year)	X Officer (give title below)	Other (specify below)
6140 Plumas St				EVP, Product Segment
	(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 /	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 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
Argas, Shlomi c/o Ormat Technologies, Inc. 6140 Plumas St Reno NV 89519-6075			EVP, Product Segment

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.

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