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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
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| OMB Number: | 3235- |
| 0287 | |
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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) |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Last) | (First) (Middle) |
12/07/2021 | X EVP, Electricity Segment |
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| 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 |
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| (Street) RENO |
NV 89519 |
Form filed by More than One Reporting Person | |||||||||||
| (City) | (State) (Zip) |
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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| 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. |
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| (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 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) |
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| (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) |
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| 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) |
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| 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) |
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| Code | V | (A ) |
(D) | Date Exercisabl e |
Expiratio n Date |
Title | Amoun t or Numbe r of Shares |
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| 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:
- 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.