SEC Form 4 · accession 0001140361-18-020039
US GEOTHERMAL INC · HTM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ali Hedayat
Director
Period of report
Apr 24, 2018
Accepted (ET)
Apr 27, 2018 · 1:31 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 | 130,000 | $5.45 | D | 0 | D |
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)F2 | $4.42 | Apr 24, 2018 | D | 16,666 | D | Feb 1, 2017 | Feb 1, 2022 | 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").
- F2The reporting person received $17,165.98 as consideration for cancellation of the options pursuant to the Ormat Merger.