ORMAT TECHNOLOGIES, INC. FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may
continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
OMB APPROVAL
OMB Number: | 3235-0287 |
Estimated average burden | |
hours per response: | 0.5 |
1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol | 5. Relationship of Reporting Person(s) to Issuer | |||||||||
Hatzir | Shimon | ORMAT TECHNOLOGIES, INC.[ ORA ] | (Check all applicable) | ||||||||
Director | 10% Owner | ||||||||||
3. Date of Earliest Transaction (Month/Day/Year) | |||||||||||
(Last) | (First) | (Middle) | X | Officer (give title | Other (specify | ||||||
03/01/2024 | below) | below) | |||||||||
C/O ORMAT TECHNOLOGIES, INC. | |||||||||||
Executive Vice President - Electricity Segment | |||||||||||
6140 PLUMAS ST. | |||||||||||
(Street) | 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 | ||||||||||
RENO | NV | 89519 | |||||||||
Form filed by More than One Reporting Person | |||||||||||
(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. | |||||||||||
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||||
1. Title of Security (Instr. 3)
2. Transaction Date | 2A. Deemed |
(Month/Day/Year) | Execution Date, if |
any | |
(Month/Day/Year) | |
3.4. Securities Acquired
Transaction | (A) or Disposed Of (D) | |||
Code (Instr. | (Instr. 3, 4 and 5) | |||
8) | ||||
(A) | ||||
Code | V | Amount | or | Price |
(D) | ||||
5. Amount of | 6. | 7. Nature of | ||||||
Securities | Ownership | Indirect | ||||||
Beneficially | Form: | Beneficial | ||||||
Owned Following | Direct (D) or | Ownership | ||||||
Reported | Indirect (I) | (Instr. 4) | ||||||
Transaction(s) | (Instr. 4) | |||||||
(Instr. 3 and 4) |
Common Stock
03/01/2024
M(1)(2)
358
A
$0
2,294
D
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AMERICAS 123426840 v5 [WC Comments - Form 4 - Shimon Hatzir - 1 March 2024.docx]
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of | 2. | 3. Transaction | 3A. Deemed | 4. | 5. Number of | 6. Date | 7. Title and Amount | 8. | 9. | 10. | 11. Nature | ||||||
Derivative | Conversio | Date | Execution Date, | Transacti | Derivative | Exercisable and | of Securities | Price | Number | Ownershi | of Indirect | ||||||
Security (Instr. | n or | (Month/Day/Yea | if any | on Code | Securities | Expiration Date | Underlying Derivative | of | of | p Form: | Beneficial | ||||||
3) | Exercise | r) | (Month/Day/Yea | (Instr. 8) | Acquired (A) or | (Month/Day/Yea | Security (Instr. 3 and | Derivat | derivative | Direct (D) | Ownershi | ||||||
Price of | r) | Disposed of (D) | r) | 4) | ive | Securities | or Indirect | p (Instr. 4) | |||||||||
Derivative | (Instr. 3, 4 and 5) | Securit | Beneficial | (I) (Instr. | |||||||||||||
Security | y | ly Owned | 4) | ||||||||||||||
(Instr. | Following | ||||||||||||||||
5) | Reported | ||||||||||||||||
Transacti | |||||||||||||||||
on(s) | |||||||||||||||||
Amount | (Instr. 4) | ||||||||||||||||
Date | or | ||||||||||||||||
Exercis | Expiratio | Number | |||||||||||||||
Code | V | (A) | (D) | able | n Date | Title | of Shares | ||||||||||
Restricted Stock | (1)(2) | M | 358 | (2) | (2) | Common | 358 | $0 | 715 | D | |||||||
Units | 03/01/2024 | Stock | |||||||||||||||
Restricted Stock | (3) | A | 4,626 | (3) | (3) | Common | 4,626 | $0 | 4,626 | D | |||||||
Units | 03/01/2024 | Stock | |||||||||||||||
Explanation of Responses:
- Each Restricted Stock Unit represents the right to receive one share of ORA common stock upon vesting.
- 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.
- The Restricted Stock Units vest 33.3% 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 |
2
3/5/2024 16:44
AMERICAS 123426840 v5 [WC Comments - Form 4 - Shimon Hatzir - 1 March 2024.docx]
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Ormat Technologies Inc. published this content on 06 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2024 01:16:06 UTC.
