SEC Form 4 · accession 0001437749-18-009281
ORMAT TECHNOLOGIES, INC. · ORA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Isaac Angel
Officer — CEO
Period of report
May 8, 2018
Accepted (ET)
May 9, 2018 · 9:25 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | May 8, 2018 | A | 39,615 | A | — | Nov 7, 2023 | Common Stock | 39,615 | 139,615 | D |
| Stock Appreciation RightsF3 | $55.16 | May 8, 2018 | A | 294,899 | A | Nov 7, 2018 | Nov 7, 2023 | Common Stock | 294,899 | 434,514 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive payment of an amount equal to all or a portion of the fair market value of a specified number of shares of the Issuer's common stock upon vesting.
- F2The restricted stock units vest 22%, 22%, 28% and 28%, respectively, on November 7 of years 2018, 2019, 2019 and 2021.
- F3The stock appreciation rights vest 22%, 22%, 28% and 28%, respectively, on November 7 of years 2018, 2019,2020 and 2021.
Remarks
Etty Rosner is signing on behalf of Mr.Angel pursuant to a power of attorney dated March 4, 2014.