AI assistant
ORMAT TECHNOLOGIES, INC. — Director's Dealing 2020
May 15, 2020
6968_rns_2020-05-14_8a9bcbe0-1422-4279-a9f6-da0930e4f45b.pdf
Director's Dealing
Open in viewerOpens in your device viewer
| SEC Form 4 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
OMB Number: | OMB APPROVAL | 3235-0287 | ||||||||||||
| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
Estimated average burden STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP hours per response: 0.5 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* Benyosef Ofer |
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 PLUMS ST. |
3. Date of Earliest Transaction (Month/Day/Year) 05/12/2020 |
X below) below) EVP - BD, Sales and Marketing |
||||||||||||||
| (Street) RENO |
NV | 89519-6075 | 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person |
||||||||||||
| (City) | (State) (Zip) 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 |
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 | 21,271 | 12/05/2022 (1) |
12/05/2026 Common stock |
21,271 | \$0 | 21,271 | D | ||||||
| Restricted Stock Units |
(2) | 05/12/2020 | A | 2,792 | (3) | (3) | Common stock |
2,792 | \$0 | 2,792 | D | |||||
| Performance Stock Units |
(4) | 05/12/2020 | A | 2,562 | (5) | (5) | Common stock |
2,562 | \$0 | 2,562 | D |
Explanation of Responses:
-
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.
-
Each restricted stock unit represents the right to receive one share of ORA common stock upon vesting.
-
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.
-
Each performance stock unit represents the right to receive one share of ORA common stock upon vesting.
-
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. Benyosef pursuant to a power of attorney dated April 19, 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.