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ORMAT TECHNOLOGIES, INC. Director's Dealing 2020

May 15, 2020

6968_rns_2020-05-14_f79427ab-aaf1-4061-b407-bab8960cb1a4.pdf

Director's Dealing

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
OMB APPROVAL
OMB Number:
Estimated average burden
3235-0287
0.5
Instruction 1(b). Check this box if no longer subject to
Section 16. Form 4 or Form 5
obligations may continue. See
hours per response:
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*
Ginzburg Assi
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
Officer (give title
Other (specify
(Last)
(First)
(Middle)
C/O ORMAT TECHNOLOGIES, INC.
6140 PLUMAS ST.
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2020
X
below)
below)
Chief Financial Officer
(Street)
RENO
(City)
4. If Amendment, Date of Original Filed (Month/Day/Year) Line) 6. Individual or Joint/Group Filing (Check Applicable
X
Form filed by One Reporting Person
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,
(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
6.
Ownership
Form: Direct
(D) or
7. Nature
of Indirect
Beneficial
Ownership
Code
V
Amount (A)
or
(D)
Price Following
Reported
Transaction(s)
(Instr. 3 and 4)
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) (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
Expiration
Date
Title Amount
or
Number
of
Shares
Stock
Appreciation
Rights
\$68.34 05/12/2020 A 25,524 12/05/2022
(1)
12/05/2026 Common
stock
25,524 \$0 25,524 D
Restricted
Stock Units
(2) 05/12/2020 A 3,350 (3) (3) Common
stock
3,350 \$0 3,350 D
Performance
Stock Units
(4) 05/12/2020 A 3,075 (5) (5) Common
stock
3,075 \$0 3,075 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

Remarks:

Etty Rosner is signing on behalf of Mr. Ginzburg pursuant to a power of attorney dated May 11, 2020.

/s/ Etty Rosner As Attorney in-Fact 05/14/2020

** 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.