SEC Form 4 · accession 0001140361-18-019895
US GEOTHERMAL INC · HTM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John H Walker
Director
Period of report
Apr 24, 2018
Accepted (ET)
Apr 26, 2018 · 9:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001172136
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Apr 24, 2018 | D | 6,709 | $5.45 | D | 0 | D | |
| Common SharesF1 | Apr 24, 2018 | D | 5,333 | $5.45 | D | 0 | I | Father |
| Common SharesF1 | Apr 24, 2018 | D | 5,233 | $5.45 | D | 0 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3,F2 | $4.08 | Apr 24, 2018 | D | 13,889 | D | Mar 28, 2017 | Mar 28, 2022 | Common Shares | 13,889 | 0 | D |
| Stock Option (Right to Buy)F4,F6,F5 | $4.02 | Apr 24, 2018 | D | 16,666 | D | Mar 31, 2016 | Mar 31, 2021 | Common Shares | 16,666 | 0 | D |
| Stock Option (Right to Buy)F4,F7 | $2.88 | Apr 24, 2018 | D | 16,666 | D | May 15, 2015 | May 15, 2020 | Common Shares | 16,666 | 0 | D |
| Stock Option (Right to Buy)F4,F8,F5 | $4.44 | Apr 24, 2018 | D | 16,666 | D | Apr 2, 2014 | Apr 1, 2019 | Common Shares | 16,666 | 0 | D |
| Stock Option (Right to Buy)F4,F9,F5 | $2.76 | Apr 24, 2018 | D | 16,666 | D | Jul 22, 2013 | Jul 22, 2018 | Common Shares | 16,666 | 0 | D |
Explanation of responses
- F1The shares were disposed of pursuant to a merger agreement between the Issuer and Ormat Nevada Inc., a subsidiary of Ormat Technologies, Inc. (the "Ormat Merger").
- F2Reflects grant date; the options were subject to a vesting schedule and were 75% vested on the date of the Ormat Merger.
- F3The reporting person received $19,027.93 as consideration for cancellation of the options pursuant to the Ormat Merger.
- F4Adjusted to reflect 6:1 stock consolidation effective November 10, 2016.
- F5Reflects grant date; options were subject to a vesting schedule and were 100% vested on the date of the Ormat Merger.
- F6The reporting person received $23,832.38 as consideration for cancellation of the options pursuant to the Ormat Merger.
- F7The reporting person received $42,831.62 as consideration for cancellation of the options pursuant to the Ormat Merger.
- F8The reporting person recevied $16,832.66 as consideration for cancellation of the options pursuant to the Ormat Merger.
- F9The reporting person received $44,831.54 as consideration for cancellation of the options pursuant to the Ormat Merger.