SEC Form 4 · accession 0001437749-18-020109
ORMAT TECHNOLOGIES, INC. · ORA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dafna Sharir
Director
Period of report
Nov 7, 2018
Accepted (ET)
Nov 8, 2018 · 5:27 pm 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 StockF1 | Nov 7, 2018 | M | 874 | $0.00 | A | 874 | D | |
| Common StockF2 | Nov 7, 2018 | S | 439 | $52.00 | D | 435 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (RSU)F1 | — | Nov 7, 2018 | M | 874 | D | Nov 7, 2018 | — | Common Stock | 874 | 0 | D |
| Restricted Stock Units (RSU)F3 | — | Nov 7, 2018 | A | 1,825 | D | Nov 7, 2019 | — | Common Stock | 1,825 | 1,825 | D |
| Stock Appreciation right (SAR)F4 | $53.16 | Nov 7, 2018 | A | 1,621 | D | Nov 7, 2019 | Nov 7, 2024 | Common Stock | 1,621 | 1,621 | D |
Explanation of responses
- F1Each restricted stock unit represent the right to receive per share of ORA common stock upon vesting. The restricted stock units vested on November 7, 2018.
- F2Represents shares of common stock sold in the open market on November 7, 2018, in order to satisfy the reporting person's tax withholding obligation in connection with the vesting of the RSUs
- F3Each restricted stock unit represent the right to receive per share of ORA common stock upon vesting. The restricted stock units (The "RSUs") will vest (100%) on November 7, 2019, one-year anniversary of the date of grant.
- F4The stock appreciation rights (The SAR's) vest 100% on the one-year anniversary of the date of grant.