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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2024
May 22, 2024
6968_rns_2024-05-22_18d22634-d4ac-4584-b03d-55f85f03adf0.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 B |
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) 05/08/2024 |
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) 05/10/2024 |
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 / 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 Transaction(s) |
6. Ownership Form: Direct (D) |
7. Nature of Indirect Beneficial Ownership |
|||
|---|---|---|---|---|---|---|---|---|---|---|
| Code | V Amount | (A) or (D) |
Price | (Instr. 3 and 4) | or Indirect (I) (Instr. 4) |
(Instr. 4) | ||||
| Common Stock | 05/09/2024 | M | 1,447 | A | \$0.00 | 6,282 (4) | 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 Securities or Disposed of (D) (Instr. 3, 4, and 5) |
of Derivative Acquired (A) |
6. Date Exercisable and Expiration Date (Month / Day / Year) |
7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) |
9. Number of Derivative Derivative Securities Beneficially Owned Following Reported |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Code | V | (A) | (D) | Date Exercisable |
Expiration Date |
Title | Amount or Number of Shares |
Transaction (s) (Instr. 4) |
(Instr. 4) | ||||||
| Restricted Stock Units |
(1) | 05/08/2024 | A | 1,753 | (2) | (2) | Common Stock |
1,753 | \$0.00 | 1,753 | D | ||||
| Restricted Stock Units |
(1) | 05/09/2024 | M | 1,447 | (3) | (3) | Common Stock |
1,447 | \$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 May 8, 2025, the one-year anniversary of the date of grant.
(3) This portion of Restricted Stock Units vested on May 9, 2024, being the first-year anniversary of the grant.
(4) The Reporting Person is amending the Form 4 filed on May 10, 2024, which, due to administrative error, inadvertently reported the Amount of Securities Beneficially Owned (Box 5) as 8,107 rather than the true and correct amount of 6,282.
Signatures
/s/ Jessica Woelfel - as attorney-in-fact 05/21/2024
**Signature of Reporting Person Date
Reporting Owners
| Relationships | |||||||
|---|---|---|---|---|---|---|---|
| Reporting Owner Name / Address | Director 10% Owner Officer Other | ||||||
| Stern, Stanley B 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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