SEC Form 4 · accession 0001437749-16-043772
ORMAT TECHNOLOGIES, INC. · ORA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Erez Klein
Officer — V.P., Operations
Period of report
Dec 23, 2016
Accepted (ET)
Dec 27, 2016 · 6:04 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001296445
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 23, 2016 | M | 5,150 | $29.95 | A | 5,150 | D | |
| Common Stock | Dec 23, 2016 | S | 5,150 | $52.95 | 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 Appreciation RightF1 | $29.95 | Dec 23, 2016 | M | 12,000 | D | Apr 16, 2012 | Apr 16, 2017 | Common Stock | 5,150 | 112,500 | D |
Explanation of responses
- F1This includes the following grants: (i) 15,000 Stock Appreciation Rights granted on March 31, 2011 at exercise price of $25.65 ea that are fully vested (ii) 15,000 Stock Appreciation Rights granted on April 2, 2012 at exercise price of $20.13 ea that are fully vested (iii) 40,000 Stock Appreciation Rights granted on June 4, 2013 at exercise price of $23.34 ea out of which 20,000 has vest and the balance 20,000 will vest on June 4, 2017 and (iv) 42,500 Stock Appreciation Rights granted on June 2016 out of which 50% will be vested on June 14, 2018, 25% on June 14, 2019 and 25% on June 14, 2020.
Remarks
Etty Rosner is signing on behalf of Mr. Klein pursuant to a power of attorney dated July 15, 2014.