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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2022
Jun 3, 2022
6968_rns_2022-06-03_c37dbdfd-9ec6-4296-9d38-51b36adc54c7.pdf
Director's Dealing
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FORM 4
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
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| OMB Number: | 3235-0287 |
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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* Falk, Dan |
2. Issuer Name and Ticker or Trading Symbol Ormat Technologies, Inc. [ORA] |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) |
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|---|---|---|---|---|---|---|---|
| (Last) c/o Ormat Technologies, Inc. 6140 Plumas St |
(First) | (Middle) | 3. Date of Earliest Transaction (Month/Day/Year) 06/02/2022 |
X Director 10% Owner Officer (give title below) Other (specify below) |
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| (Street) Reno NV 89519-6075 (City) (State) (Zip) |
4. If Amendment, Date 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 |
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 Following Reported Transaction(s) |
6. Ownership Form: Direct (D) |
7. Nature of Indirect Beneficial Ownership |
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|---|---|---|---|---|---|---|---|---|---|---|
| Code | V Amount | (A) or (D) |
Price | (Instr. 3 and 4) | or Indirect (I) (Instr. 4) |
(Instr. 4) | ||||
| Common Stock | 06/02/2022 | M (1) | 1,581 | A | \$0.00 (1) |
3,595 | D |
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. of (A) or of (D) |
Number Derivative Securities Acquired Disposed (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Code | V (A) | (D) | Date Exercisable |
Expiration Date |
Title | Amount or Number of Shares |
||||||||
| Restricted Stock Units |
(2) | 06/02/2022 | M | 1,581 | (1) | (1) | Common Stock |
1,581 | \$0.00 | 0 | D |
Explanation of Responses:
(1) The Reporting Person's restricted stock units (the "RSUs") were initially set to vest in their entirety on November 3, 2022, the one-year anniversary of the date of grant. The vesting of the common stock underlying the RSUs was accelerated to June 2, 2022, in connection with the Reporting Person's previouslyannounced departure from the Issuer following the annual meeting of stockholders on such date, as previously approved by the compensation committee of the board of directors of the Issuer.
(2) Each RSU represented the right to receive one share of the Issuer's common stock upon vesting.
Signatures
/s/ Ehud Ben Yemini - as attorney in fact 06/02/2022 **Signature of Reporting Person Date
Reporting Owners
| Relationships | |||||||
|---|---|---|---|---|---|---|---|
| Reporting Owner Name / Address | Director 10% Owner Officer Other | ||||||
| Falk, Dan c/o Ormat Technologies, Inc. 6140 Plumas St Reno NV 89519-6075 |
X |
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.
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.
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