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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2023
May 23, 2023
6968_rns_2023-05-22_225a72dd-2ae3-4c75-a451-46d485579613.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
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility (Print or Type Responses) Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
| 1. Name and Address of Reporting Person* |
2. Issuer Name and Ticker or Trading Symbol |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stern | Stanley | Ormat Technologies, Inc. [ORA] | X Director Officer (give |
10% Owner Other (specify |
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| (Last) (First) (Middle) c/o Ormat Technologies, Inc. |
3. Date of Earliest Transaction Required to be Reported (Month/Day/Year) |
4. If Amendment, Date Original Filed (Month/Day/Year) |
title below) below) |
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| 6140 Plumas St | 05/19/2023 | |||||||||||||
| (Street) | 6. Individual or Joint/Group Filing (Check Applicable Line) |
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| RENO | NEVADA | 89519-6075 | X Form filed by One Reporting Person Form filed by More than One Reporting Person |
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| (City) | (State) | (Zip) | Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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| 1. Title of Security (Instr. 3) |
2. Trans action Date |
2A. Deemed Execution Date, |
3. Transaction |
4. Securities Acquired (A) Code (Instr. 8) or Disposed of (D) (Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially |
6. Owner ship Form: |
7. Nature of In direct |
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| (Month/ Day/ Year) |
if any (Month/ Day/ Year) |
Code | V | Amount | (A) or (D) |
Price | Owned Following Reported Transaction(s) (Instr. 3 and 4) |
Direct (D) or Indirect (I) (Instr. 4) |
Bene ficial Owner ship (Instr. 4) |
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| Common Stock | 05/19/2023 | M | 1,361 | A | \$63.35 | 8,979 | D | |||||||
| Common Stock | 05/19/2023 | D | 1,024 | D | \$84.193 | 7,955 | D | |||||||
| Common Stock | 05/19/2023 | S | 337 | D | \$84.57(1) | 7,618 | D | |||||||
| Common Stock | 05/19/2023 | S | 1,581 | D | \$84.42 | 6,037 | D | |||||||
Explanation of Responses:
(1) The price reported in column 4 is weighted average price. These shares were sold in multiple transactions, at prices ranging from \$84.39 to \$84.46, inclusive. The reporting person undertakes to provide Ormat Technologies, Inc., any of its security holders, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price set forth in this footnote.
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.
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security |
3. Trans action Date (Month/ Day/ Year) |
3A.Deemed Execution Date, if any (Month/ Day/ Year) |
4. Transaction Code (Instr. 8) |
5. Number of Deriva tive Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) Date Exer |
Expiration | 7. Title and Amount of (Instr. 3 and 4) Title |
Underlying Securities Amount or Number of |
8. Price of Deriv ative Secu rity (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported |
10. Owner ship Form of Deriva tive Security: Direct (D) or Indirect |
11.Nature of Indirect Beneficial Owner ship (Instr. 4) |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Code | V | (A) | (D) | cisable | Date | Shares | Transac tion(s) (Instr. 4) |
(I) (Instr. 4) |
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| Stock Appreciation Rights (SAR) |
\$63.35 | 05/19/2023 | M | 1,361 | 11/07/2018 | 11/07/2023 | Common Stock |
1,361 | \$0 | 0 | D | ||||
Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
Explanation of Responses (footnotes):
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
| /s/ Ehud Ben Yemini - as attorney-in-fact |
05/22/2023 | |
|---|---|---|
| **Signature of Reporting Person | Date | |
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
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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 Number.