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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2024
Mar 6, 2024
6968_rns_2024-03-06_ae012d67-d42a-437d-8fae-1e4f9d9fe734.pdf
Director's Dealing
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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL
| OMB Number: | 3235-0287 |
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| Estimated average burden | |
| hours per response: | 0.5 |
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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* Ben Yosef Ofer |
2. Issuer Name and Ticker or Trading Symbol ORMAT TECHNOLOGIES, INC. [ ORA ] |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner |
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| (Last) (First) (Middle) C/O ORMAT TECHNOLOGIES, INC. 6140 PLUMAS ST. |
3. Date of Earliest Transaction (Month/Day/Year) 03/01/2024 |
Officer (give title Other (specify X below) below) Executive Vice President – Energy Storage and Business Development |
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| (Street) RENO NV 89519 |
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 Form filed by More than One Reporting Person |
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| (City) (State) (Zip) |
Rule 10b5-1(c) Transaction Indication 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. |
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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| 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 |
6. Ownership Form: Direct (D) or Indirect (I) |
7. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | Amount | (A) or (D) |
Reported Transaction(s) (Instr. 3 and 4) |
(Instr. 4) | |||||||
| Common Stock | 03/01/2024 | M(1)(2) | 358 | A | \$0 | 4,551 | 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 |
3. Transaction Date (Month/Day/Yea r) |
3A. Deemed Execution Date, if any (Month/Day/Yea r) |
4. Transacti on Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Yea r) |
7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) |
8. Price of Derivat ive Securit |
9. Number of derivative Securities Beneficial |
10. Ownershi p Form: Direct (D) or Indirect (I) (Instr. |
11. Nature of Indirect Beneficial Ownershi p (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercis able |
Expiratio n Date |
Title | Amount or Number of Shares |
y (Instr. 5) |
ly Owned Following Reported Transacti on(s) (Instr. 4) |
4) | |||||
| Restricted Stock Units |
(1)(2) | 03/01/2024 | M | 358 | (2) | (2) | Common Stock |
358 | \$0 | 716 | D | ||||
| Restricted Stock Units |
(3) | 03/01/2024 | A | 3,700 | (3) | (3) | Common Stock |
3,700 | \$0 | 3,700 | D |
Explanation of Responses:
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Each Restricted Stock Unit represents the right to receive one share of ORA common stock upon vesting.
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This portion of Restricted Stock Units vested on March 1, 2024, being the second anniversary of the date of grant. These Restricted Stock Units were granted on March 1, 2022 and vest 25% on each of the first, second, third and fourth anniversaries of the grant date.
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The Restricted Stock Units vest 33.33% on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date.
Remarks:
/s/ Jessica Woelfel, as attorney-in-fact 03/5/2024
** Signature of Reporting Person Date