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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2023
Nov 2, 2023
6968_rns_2023-11-02_10b3075e-7f38-4abc-b0d5-3e642f6516be.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).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
OMB APPROVAL
OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
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* Stern, Stanley |
2. Issuer Name and Ticker or Trading Symbol Ormat Technologies, Inc. [ORA] |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) |
|||||
|---|---|---|---|---|---|---|---|
| (Last) c/o Ormat Technologies, Inc. 6140 Plumas St |
(First) | (Middle) | 3. Date of Earliest Transaction (Month/Day/Year) 11/02/2023 |
X Director 10% Owner Officer (give title ___ Other (specify below) below) |
|||
| (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 / |
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 |
|||
|---|---|---|---|---|---|---|---|---|---|---|
| Year) | Code | V Amount | (A) or (D) |
Price | (Instr. 3 and 4) | or Indirect (I) (Instr. 4) |
(Instr. 4) | |||
| Common Stock | 11/02/2023 | M | 623 | A | \$0.00 | 6,660 | 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. Number of (A) or of (D) (Instr. 3, |
Derivative Securities Acquired Disposed 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) |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Code | V | (A) | (D) | Date Exercisable |
Expiration Date |
Title | Amount or Number of Shares |
||||||||
| Restricted Stock Units |
(1) | 11/02/2023 | M | 623 | (2) | (2) | Common Stock |
623 | \$0.00 | 0 | D |
Explanation of Responses:
(1) Each Restricted Stock Unit represents the right to receive one share of ORA common stock upon vesting.
(2) This portion of Restricted Stock Units will vest (100%) on November 2, 2023, the one-year anniversary of the date of grant.
Signatures
| /s/ Jessica Woelfel - as attorney-in-fact | 11/02/2023 |
|---|---|
| **Signature of Reporting Person | Date |
Reporting Owners
| Relationships | ||||||||
|---|---|---|---|---|---|---|---|---|
| Reporting Owner Name / Address | Director 10% Owner Officer Other | |||||||
| Stern, Stanley 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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