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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
-------- --
[ X ] 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

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)
Barniv Ravit Ormat Technologies, Inc. [ORA] X
Director
Officer (give
10% Owner
Other (specify
(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)
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
(City) (State) (Zip) Table I —
Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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
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)
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
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):

  1. 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.

  2. 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
**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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