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ORMAT TECHNOLOGIES, INC. Director's Dealing 2021

Apr 2, 2021

6968_dirs_2021-04-02_3fafe6d5-a713-41b0-a153-e30e2dbcfcc2.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2021-04-01

Reporting Person: Hatzir Shimon (EVP, Electricity Segment)

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Rights $42.8700 2022-06-14 Common Stock (10625) Direct
Stock Appreciation Rights $53.1600 2024-11-07 Common Stock (20000) Direct
Stock Appreciation Rights $69.1400 2026-06-15 Common Stock (20000) Direct
Stock Appreciation Rights $90.2800 2026-12-31 Common Stock (573) Direct
Restricted Stock Units $ Common Stock (2103) Direct
Performance Stock Units $ Common Stock (1952) Direct

Footnotes

F1: 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.

F2: Each restricted stock unit represents the right to receive one share of ORA common stock upon vesting.

F3: 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.

F4: Each performance stock unit represents the right to receive one share of ORA common stock upon vesting.

F5: 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