ORMAT TECHNOLOGIES, INC. — Major Shareholding Notification 2021

Apr 4, 2021

SEC Form 3

FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL

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INITIAL STATEMENT OF 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

Hatzir Shimon	1. Name and Address of Reporting Person*		2. Date of Event Requiring Statement		3. Issuer Name and Ticker or Trading Symbol ORMAT TECHNOLOGIES, INC. [ ORA ]
(Last) (First) (Middle) 6140 PLUMAS STREET		(Month/Day/Year) 04/01/2021		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director	10% Owner		5. If Amendment, Date of Original Filed (Month/Day/Year)
(Street) RENO	NV 89519				Officer (give X title below) EVP, Electricity Segment	Other (specify below)		6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting X Person Form filed by More than One Reporting Person
(City)	(State)	(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)				2. Amount of Securities 3. Ownership Beneficially Owned (Instr. 4) Form: Direct (D) or Indirect (I) (Instr. 5)			4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)			2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise	5. Ownership Form:	6. Nature of Indirect Beneficial Ownership (Instr. 5)
			Date Exercisable	Expiration Date	Title	Amount or Number of Shares	Price of Derivative Security	Direct (D) or Indirect (I) (Instr. 5)
Stock Appreciation Rights		06/14/2018(1)	06/14/2022	Common Stock	10,625	42.87	D
Stock Appreciation Rights			11/07/2020(1)	11/07/2024	Common Stock	20,000	53.16	D
Stock Appreciation Rights		06/15/2022(1)	06/15/2026	Common Stock	20,000	69.14	D
Stock Appreciation Rights		12/31/2022(1)	12/31/2026	Common Stock	573	90.28	D
Restricted Stock Units		(3)	(3)	Common Stock	2,103	(2)	D
Performance Stock Units			(5)	(5)	Common Stock	1,952	(4)	D

Explanation of Responses:

1. The stock appreciation rights vest 50% on the second anniversary of the grant date and 25% on each third and fourth anniversaries of the date of grant.

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

3. The restricted stock units vest 50% on the second anniversary of the grant date and 25% on each third and fourth anniversaries of the date of grant.

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

5. The Performance stock units vest 50% on the second anniversary of the grant date and 25% on each third and fourth anniversaries of the date of grant

Remarks:

Etty Rosner is signing on behalf of Mr. Hatzir pursuant to a power of attorney dated March 23, 2021, attached hereto.

/s/ Etty Rosner As Attorney 04/02/2021

-in-Fact

** Signature of Reporting Person Date

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 5 (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.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.