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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 II − Derivative 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