ORMAT TECHNOLOGIES, INC. — Major Shareholding Notification 2010

Jul 6, 2010

PAGEBREAK

Table of Contents

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

[Rule 13d-101]

(Amendment No. 4)*

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE § 240.13d-2(a)

Ormat Technologies, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share (Title of Class of Securities)

686688-10-2 (CUSIP Number)

Steve Kronengold, Esq. SRK Law Offices 7 Oppenheimer Street Rabin Science Park Rehovot, Israel 76701 +(972)(8) 936-0999 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

June 30, 2010 (Date of Event which Requires Filing this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Folio /Folio

PAGEBREAK

Table of Contents

CUSIP No. 686688-10-2 13D Page 2 of 5 Pages

1	NAMES OF REPORTING PERSONS Ormat Industries Ltd.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a) o
	(b) o
3	SEC USE ONLY
4	SOURCE OF FUNDS
	WC
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
	o
6	CITIZENSHIP OR PLACE OF ORGANIZATION
	Israel
	7	SOLE VOTING POWER
NUMBER OF		27,206,580 shares of common stock
SHARES	8	SHARE VOTING POWER
BENEFICIALLY
OWNED BY		0
EACH	9	SOLE DISPOSITIVE POWER
REPORTING
PERSON		27,206,580 shares of common stock
WITH	10	SHARED DISPOSITIVE POWER
		0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	27,206,580
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
	o
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
	59.89%
14	TYPE OF REPORTING PERSON
	CO

PAGEBREAK

TOC

TABLE OF CONTENTS

Item 2. IDENTITY AND BACKGROUND
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 4. PURPOSE OF TRANSACTION
Item 5. INTEREST IN SECURITIES OF THE ISSUER
Item 6. CONTRACTS ARRANGEMENTS UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
Item 7. MATERIAL TO BE FILED AS EXHIBITS
SIGNATURE

/TOC

Table of Contents

link2 "Item 1. SECURITY AND ISSUER"

Item 1. SECURITY AND ISSUER.

This statement relates to shares of common stock, par value $0.001 per share of Ormat Technologies, Inc., a Delaware corporation (the “Issuer”). The holders of common stock vote on the election of the Issuer’s directors and all other matters requiring stockholder action.

The principal executive offices of the Issuer are located at 6225 Neil Road, Suite 300, Reno Nevada 89511.

link2 "Item 2. IDENTITY AND BACKGROUND"

Item 2. IDENTITY AND BACKGROUND.

(a)	This statement is being filed by Ormat Industries Ltd. (the “Reporting Person”).
(b)	The principal business address of the Reporting Person is Industrial Area, P.O. Box 68, Yavne
81100, Israel.
(c)	The principal business of the Reporting Person is investing in renewable and alternative
energy, including holding indirect investments in geothermal and recovered energy generation
projects.
(d)	During the last five years, the Reporting Person has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, the Reporting Person has not been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction which resulted in a judgment,
decree or final order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with respect to such
laws.

link2 "Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION"

Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

Funds for the purchase of the shares of common stock reported herein were derived from available capital of the Reporting Person.

link2 "Item 4. PURPOSE OF TRANSACTION"

Item 4. PURPOSE OF TRANSACTION

Item 4 of this Schedule 13D is hereby amended to include the following information:

The Reporting Person purchased the shares of common stock reported herein for investment purposes.

Folio 3 /Folio

PAGEBREAK

Table of Contents

link2 "Item 5. INTEREST IN SECURITIES OF THE ISSUER"

Item 5. INTEREST IN SECURITIES OF THE ISSUER.

Item 5 of this Schedule 13D is hereby amended to include the following information:

| (a) | The Reporting Person owns 27,206,580 shares of common stock of the Issuer. Based on information provided to the Reporting Person by the Issuer, this
number represents approximately 59.40% of the outstanding shares of the Issuer’s common stock as of the date of this statement. |
| --- | --- |
| (b) | The Reporting Person has the sole power to vote or to direct the vote, and the sole power to dispose or to direct the disposition of, the 27,206,580
shares of common stock of the Issuer that the Reporting Person owns. |
| (c) | The table below sets forth purchases of the shares of the Issuer’s common stock by the Reporting Person during the last 60 days. All of such purchases
were effected by the Reporting Issuer in broker transactions on the New York Stock Exchange. |

		Approximate
		Price
		Per Share ($)
	Amount of	(net of
Date	Shares	commissions)
May 10, 2010	74,800	$ 29.4876
May 11, 2010	29,222	$ 29.8436
May 14, 2010	74,800	$ 29.7537
May 17, 2010	71,800	$ 30.0726
May 18, 2010	74,100	$ 29.9680
May 19, 2010	74,300	$ 28.8935
May 20, 2010	74,300	$ 27.7185
May 21, 2010	74,058	$ 26.9054
May 24, 2010	82,400	$ 27.5655
May 25, 2010	82,400	$ 26.6335
May 26, 2010	74,000	$ 27.4689
May 27, 2010	70,000	$ 28.1182
May 28, 2010	51,500	$ 28.6718
June 1, 2010	80,000	$ 28.1049
June 2, 2010	11,937	$ 26.9844
June 4, 2010	59,091	$ 27.6352
June 7, 2010	45,723	$ 26.9277
June 8, 2010	52,850	$ 26.7237
June 9, 2010	80,263	$ 27.8056
June 10, 2010	8,592	$ 27.8639
June 11, 2010	50,000	$ 28.1770
June 14, 2010	65,000	$ 28.7418
June 15, 2010	53,500	$ 29.2407
June 16, 2010	65,000	$ 29.6069
June 17, 2010	32,315	$ 29.5449
June 18, 2010	25,000	$ 29.6848
June 21, 2010	32,600	$ 29.8323
June 22, 2010	35,000	$ 29.3210
June 23, 2010	32,000	$ 28.7484
June 24, 2010	34,341	$ 28.6255
June 25, 2010	19,700	$ 28.4675
June 28, 2010	19,972	$ 28.8123
June 29, 2010	21,250	$ 28.0756
June 30, 2010	24,766	$ 28.5119

| (d) | No other person is known to have the right to receive or the power to direct the receipt
of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Reporting Person. |
| --- | --- |
| (e) | Not Applicable. |

Folio 4 /Folio

PAGEBREAK

Table of Contents

link2 "Item 6. CONTRACTS ARRANGEMENTS UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER"

Item 6. CONTRACTS ARRANGEMENTS UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

Item 6 of this Schedule 13D is hereby amended to include the following information:

Not Applicable.

link2 "Item 7. MATERIAL TO BE FILED AS EXHIBITS"

Item 7. MATERIAL TO BE FILED AS EXHIBITS.

Item 7 of this Schedule 13D is hereby amended to include the following information:

Not Applicable

Folio 5 /Folio

PAGEBREAK

Table of Contents

link1 "SIGNATURE"

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I hereby certify that the information set forth in this statement is true, complete and correct.

Dated: July 6, 2010

Ormat Industries Ltd.
/s/ Yehudit Bronicki
Name:	Yehudit Bronicki
Title:	Chief Executive Officer

Folio 6 /Folio