SEC Form 4 · accession 0001437749-16-033899
ORMAT TECHNOLOGIES, INC. · ORA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Doron Blachar
Officer — CFO
Period of report
Jun 14, 2016
Accepted (ET)
Jun 15, 2016 · 4:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001296445
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF2,F1 | $42.87 | Jun 14, 2016 | A | 42,500 | A | Jun 14, 2018 | Jun 14, 2022 | Common Stock | 42,500 | 105,000 | D |
Explanation of responses
- F1The Stock Appreciation Rights will vest and become exercisable according to the following schedule: 50% on June 14, 2018, 25% on June 14, 2019 and 25% on June 14, 2020 and is subject to acceleration in the case of "change in control" (as defined in his employment agreement dated January 6, 2013).
- F2This includes the following grants (i) 53,229 Stock options granted on April 2, 2013 at exercise price of $20.54 out of which 28,229 has vest and the balance of 25,000 will vest on April 2, 2017 and(ii) 9,271 Stock Options granted on February 10, 2014 at exercise price of $24.57 ea out of which 1146 has vested and the balance of 8125 will vest on February 9, 2017.
Remarks
Etty Rosner is signing on behalf of Mr. Blachar pursuant to a power of attorney dated April 2, 2013.