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ORMAT TECHNOLOGIES, INC. Major Shareholding Notification 2022

Feb 4, 2022

6968_rns_2022-02-04_e5a03298-87c4-4aa2-9f2c-59d3273b529e.pdf

Major Shareholding Notification

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 3 OMB APPROVAL

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB Number: 3235-0104 Expires: July 31, 2024 Estimated average burden hours per response. . . . . . .0.5

(Print or Type Responses)

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]
Woelfel Jessica (Month/Day/Year)
(Last) (First) (Middle) 4.
Relationship of Reporting Person(s) to Issuer
5.
If Amendment, Date
c/o Ormat Technologies, Inc. 6140 Plumas Street 01/25/2022 (Check all applicable)
Director
10% Owner
Original Filed (Month/Day/Year)
(Street) X
Officer (give
title below) Other (specify
below)
6.
Individual or Joint/Group
Filing
(Check Applicable Line)
X
Form filed by One Reporting
Reno Nevada 89519 General Counsel and Chief Compliance Officer 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
Beneficially Owned
(Instr. 4)
3.
Ownership
Form: Direct
(D) or Indirect
(I) (Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

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).

Potential persons who are to respond to the collection of information contained in this form are not required to SEC 1473 (11-11) respond unless the form displays a currently valid OMB control number.

(Over)

FORM 3 (continued) Table IIDerivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)(1)

1.
Title of Derivative Security
(Instr. 4)
2.
Date Exercisable and
Expiration Date
(Month/Day/Year)
3.
Derivative Securities
(Instr. 4)
Title and Amount of Securities Underlying 4.
Conversion or
Exercise
Price of
5.
Ownership
Form of
Derivative
6.
Nature of Indirect
Beneficial Ownership
(Instr. 5)
Date
Exercisable
Expiration
Date
Title Amount or Number of
Shares
Derivative
Security
Security:
Direct (D) or
Indirect (I)
(Instr. 5)
Stock Appreciation Right (1) 08/08/2025 Common Stock 4,000 \$71.71 D
Stock Appreciation Right (2) 06/15/2026 Common Stock 10,000 \$69.14 D
Stock Appreciation Right (3) 03/31/2027 Common Stock 6,401 \$78.53 D

Explanation of Responses:

(1) The stock appreciation right vested 50% on 08/08/2021, and will vest 25% and 25% on 08/08/2022 and 08/08/2023, respectively

(2) The stock appreciation right will vest 50%, 25% and 25% on 06/15/2022, 06/15/2023 and 06/15/2024, respectively

(3) The stock appreciation right will vest 50%, 25% and 25% on 03/31/2023, 03/31/2024 and 03/31/2025, respectively

Remarks:

Ex. 24.1 Power of Attorney

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78(ff)(a).

Note: File three copies of this form, one of which must be manually signed. If space provided is insufficient, See Instructure 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 currently valid OMB number.

/s/ Ehud Ben Yemini as Attorney-in-Fact 02/03/2022

**Signature of Reporting Person Date