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ORMAT TECHNOLOGIES, INC. Director's Dealing 2022

Sep 6, 2022

6968_rns_2022-09-06_33ec6e35-6604-4133-82ad-d2fd996bd56f.pdf

Director's Dealing

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SEC Form 4

FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

OMB APPROVAL
OMB Number: 3235-
0287
Estimated average burden
hours per
response:

0.5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

Hatzir Shimon 1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol
ORMAT TECHNOLOGIES, INC.
3. Date of Earliest Transaction (Month/Day/Year)
[ ORA
]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director
10% Owner
Officer (give title below)
Other (specify below)
(Last) (First)
(Middle)
12/07/2021 X
EVP, Electricity Segment
6140 PLUMAS STREET 12/09/2021 4. If Amendment, Date of Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line)
X
Form filed by One Reporting Person
(Street)
RENO
NV
89519
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
2. Transaction Date
(Month/Day/Year)
Date, if any 2A. Deemed Execution
(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
6. Ownership
Form: Direct (D)
or Indirect (I)
7. Nature of
Indirect Beneficial
Ownership (Instr.
(Instr. 3) Code V Amount (A) or
(D)
Price 4) Transaction(s) (Instr. 3 and (Instr. 4) 4)
Common
Stock
12/07/2021 M 10,625 A \$42.87 10,625 D
Common
Stock
12/07/2021 D 5,718(1) D \$79.66 4,907 D
Common
Stock
12/07/2021 S 2,598(1) D \$81.0016 2,309 D
Table I -
Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of
Security
2. Transaction Date
(Month/Day/Year)
2A. Deemed Execution
Date, if any
3. Transaction
Code (Instr. 8)
4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities
Beneficially Owned
6. Ownership
Form: Direct (D)
7. Nature of
Indirect Beneficial
Ownership (Instr.
4)
(Instr. 3) (Month/Day/Year) Code V
Amount
(A) or
(D)
Price 4) Following Reported Transaction(s) (Instr. 3 and or Indirect (I)
(Instr. 4)
Common
Stock
12/07/2021 S 2,309(1) D \$81 0 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.
Conversio
n or
Exercise
Price of
Derivative
Security
Date
r)
3. Transaction
3A. Deemed
Execution Date,
(Month/Day/Yea
if any
(Month/Day/Yea
r)
4.
Transactio
of
n Code
(Instr. 8)
(A) or
of (D)
and 5)
5. Number
6. Date Exercisable and
Expiration Date
Derivative
(Month/Day/Year)
Securities
Acquired
Disposed
(Instr. 3, 4
7. Title and
Amount of
Securities
Underlying
Derivative
Security (Instr. 3
and 4)
8. Price
of
Derivativ
e
Security
(Instr. 5)
9. Number of
derivative
Securities
Beneficially
Owned
Following
Reported
Transaction(s
) (Instr. 4)
10.
Ownershi
p Form:
Direct (D)
or Indirect
(I) (Instr.
4)
11. Nature
of Indirect
Beneficial
Ownershi
p (Instr. 4)
Code V (A
)
(D) Date
Exercisabl
e
Expiratio
n Date
Title Amoun
t or
Numbe
r of
Shares
Stock
Appreciatio
n Rights
(SAR)
\$42.87 12/07/2021 M 10,62
5
06/14/2018 06/14/202
2
Commo
n Stock
10,62
5
\$0 0 D

Explanation of Responses:

  1. The securities were sold to pay the withholding tax due in connection with vesting of restricted stock units

Remarks:

The original Form 4, filed on December 9, 2021, is being amended to correct (i) the number of SARs exercised, (ii) the number of shares deemed to have been received by the reporting person upon exercise of the SARs, (iii) the number of shares deemed to have been sold back to the issuer and (iv) the number of shares sold by the reporting person in the two open market transactions on December 7, 2021. This amendment also reflects the correct number of shares beneficially owned immediately following the reported transactions on December 7, 2021.

/s/ Ehud Ben Yemini, as attorney-in-fact 09/05/2022

** Signature of Reporting Person Date

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.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.