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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2021
Nov 9, 2021
6968_rns_2021-11-09_e2c3a20a-d07e-4d10-8e8d-5e297bb28609.pdf
Director's Dealing
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| FORM 4 | |
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| -------- | -- |
| [ X | ] Check this box if no longer subject to |
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| Section 16. Form 4 or Form 5 obligations | |
| may continue. See | Instruction 1(b). |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility (Print or Type Responses) Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
| 1. Name and Address of Reporting Person* |
2. Issuer Name and Ticker or Trading Symbol |
5. | Relationship of Reporting Person(s) to Issuer (Check all applicable) |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Barniv | Ravit | Ormat Technologies, Inc. [ORA] | X Director Officer (give |
10% Owner Other (specify |
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| (Last) 6140 Plumas St |
(First) c/o Ormat Technologies, Inc. |
(Middle) | 3. Date of Earliest Transaction Required to be Reported (Month/Day/Year) 05/05/2021 |
4. If Amendment, Date Original Filed (Month/Day/Year) 11/05/2021 |
title below) below) |
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| RENO | (Street) NEVADA |
89519-6075 | 6. | X | Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person Form filed by More than One Reporting Person |
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| (City) | (State) | (Zip) | Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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| 1. Title of Security (Instr. 3) |
2. Transaction Date (Month/ |
2A. Deemed Executio n |
3. Transaction |
Code (Instr. 8) | 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially |
6. Owner ship Form: |
7. Nature of In direct |
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| Day/ Year) |
Date, if any (Month/ Day/ Year) |
Code | V | Amount | (A) or (D) |
Price | Owned Following Reported Transaction(s) (Instr. 3 and 4) |
Direct (D) or Indirect (I) (Instr. 4) |
Bene ficial Owner ship (Instr. 4) |
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| Common Stock | 05/[05]/20211 | M(1) | 1,430 | A | (1) \$0 |
4,353 | D |
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).
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.
1 NOTE TO COMPANY: Please confirm date of Compensation Committee's action.
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of |
3. Trans action Date |
3A.Deemed Execution Date, if any |
4. Transaction Code (Instr. 8) |
5. Number of Deriva tive Securities |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Deriv ative Secu |
9. Number of Derivative Securities |
10. Owner ship Form of Deriva |
11. Nature of Indirect Beneficial |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Derivative Security |
(Month/ Day/ Year) |
(Month/ Day/ Year) |
Code | Acquired (A) or rity Disposed of (D) (Instr. 5) Amount (Instr. 3, 4 and 5) Date Exer Expiration or Title cisable Date Number V (A) (D) of Shares |
Beneficially Owned Following Reported Transac tion(s) (Instr. 4) |
tive Owner Security: Direct (D) 4) or Indirect (I) (Instr. 4) |
ship (Instr. | ||||||||
| Restricted Stock Units |
(2) | 05/[05]/20 21 |
M | 1,430 | 11/04/202 (1) 1 |
(2) | Common Stock |
1,430 | \$0 | 0 | D |
Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
Explanation of Responses (footnotes):
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The Reporting Person's restricted stock units (the "RSUs") were initially set to vest in their entirety on November 4, 2021, the one-year anniversary of the date of grant. On May [5], 2021, the compensation committee of the board of directors of the Issuer accelerated the vesting of the common stock underlying the RSUs to that same date, in connection with the Reporting Person's previously-announced departure from the Issuer on such date.
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Each RSU represented the right to receive one share of the Issuer's common stock upon vesting.
Remarks:
The original Form 4 filed on November 5, 2021 disregarded the acceleration of the RSUs on May [5], 2021 reported herein and incorrectly stated that the Reporting Person's RSUs vested on November 4, 2021. The transactions herein are being reported late due to inadvertent administrative oversight.
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
| /s/ Jessica Woelfel – as attorney in fact |
11/[09]/2021 |
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| **Signature of Reporting Person | Date |
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 Number.
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