SEC Form 4 · accession 0001437749-18-012513
ORMAT TECHNOLOGIES, INC. · ORA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bob Sullivan
Officer — EVP Sales Marketing BD
Period of report
Jun 25, 2018
Accepted (ET)
Jun 27, 2018 · 5:01 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 UnitsF1,F2 | — | Jun 25, 2018 | A | 3,736 | A | — | — | Common Stock | 3,736 | 5,073 | D |
| Stock Appreciation RightsF3 | $53.44 | Jun 25, 2018 | A | 26,667 | A | Jun 25, 2020 | Jun 25, 2024 | Common Stock | 26,667 | 118,605 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive one share of ORA common stock upon vesting.
- F2The restricted stock units vest over four years with 50% vesting on the second anniversary of the date of grant and 25% vesting on each of the third and fourth anniversaries of the date of grant
- F3The stock appreciation rights vest over four years with 50% vesting on the second anniversary of the date of grant and 25% vesting on each of the third and fourth anniversaries of the date of grant