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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2022
Jun 3, 2022
6968_dirs_2022-06-03_4f29a1b4-c350-4703-8a18-bc7376476b48.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2022-06-01
Reporting Person: Blachar Doron (Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-06-01 | Common Stock | M | 38823 | $42.87 | Acquired | 48494 | Direct |
| 2022-06-01 | Common Stock | D | 19823 | $83.96 | Disposed | 28671 | Direct |
| 2022-06-01 | Common Stock | S | 7434 | $83.43 | Disposed | 21237 | Direct |
| 2022-06-01 | Common Stock | S | 8366 | $83.98 | Disposed | 12871 | Direct |
| 2022-06-01 | Common Stock | S | 3200 | $84.81 | Disposed | 9671 | Direct |
| 2022-06-02 | Common Stock | M | 3677 | $42.87 | Acquired | 13348 | Direct |
| 2022-06-01 | Common Stock | D | 1885 | $83.62 | Disposed | 11463 | Direct |
| 2022-06-02 | Common Stock | S | 1331 | $83.02 | Disposed | 10132 | Direct |
| 2022-06-02 | Common Stock | S | 461 | $83.72 | Disposed | 9671 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-06-01 | Stock Appreciation Rights (SARs) | $42.87 | M | 38823 | Disposed | 2022-06-14 | Common Stock (38823) | Direct |
| 2022-06-02 | Stock Appreciation Rights (SARs) | $42.87 | M | 3677 | Disposed | 2022-06-14 | Common Stock (3677) | Direct |
Footnotes
F1: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.00 to $83.69, inclusive. The reporting person undertakes to provide to Ormat Technologies, Inc. (the "Company"), any securityholder of the Company or the staff of the Securities and Exchange Commission ("SEC Staff"), upon request, full information regarding the number of shares sold at each price within the range specified herein.
F2: These sales were made pursuant to a Rule 10b5-1 plan.
F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.70 to $84.19, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.20 to $85.19, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.545 to $83.54, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
F6: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.55 to $84.22, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
F7: The Stock Appreciation Rights ("SARs") vested and became exercisable according to the following schedule: 50% on June 14, 2018, 25% on June 14, 2019 and 25% on June 14, 2020.