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ORMAT TECHNOLOGIES, INC. Director's Dealing 2023

Mar 24, 2023

6968_rns_2023-03-23_83479bdd-10d1-4a47-820c-dbe946d61061.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 FORM 4 OMB APPROVAL

OMB Number: 3235-0287
Expires:
Estimated average burden
hours per response
0.5

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)
Ben Yosef
Ofer
ORMAT TECHNOLOGIES, INC.
(ORA)
Director 10% Owner
(Last)
(First)
(Middle)
6140
Plumas Street
3. Date of Earliest Transaction Required to
be Reported (Month/Day/Year)
03/21/2023
4.
If Amendment, Date Original Filed
(Month/Day/Year)
Officer (give
Other (specify
X
title below)
below)
Executive Vice President Energy Storage and
Business Development
(Street)
RENO
NEVADA
89519-6075
6. Individual or Joint/Group Filing (Check Applicable Line)
x
Form filed by One Reporting Person
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
(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
(Month/
if any
Day/
(Month/
Year)
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)

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).

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
cisable
Date
7. Title and Amount of
Underlying Securities
(Instr. 3 and 4)
Amount or
Title
Number of
Shares
8. Price of
Deriv
ative Secu
rity
(Instr. 5)
9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported
Transac
10. Owner
ship Form
of Deriva
tive
Security:
Direct (D)
or Indirect
(I) (Instr.
11.Nature
of Indirect
Beneficial
Owner
ship (Instr.
4)
Code (A) (D) tion(s)
(Instr. 4)
4)
Restricted Stock
Units
(1) 03/21/2023 A 2,502 (2) (2) Common
stock
2,502 0 2,502 D

Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

Explanation of Responses (footnotes):

  1. Each restricted stock unit represents the right to receive one share of ORA common stock upon vesting.

  2. The restricted stock units vest 25% on each of the first, second, third and fourth anniversaries of the grant date.

* 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 03/23/2023

**Signature of Reporting Person Date By Power of Attorney

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure

Page 2

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.