SEC Form 4 · accession 0001437749-18-020111
ORMAT TECHNOLOGIES, INC. · ORA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ravit Barniv
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 | 1,526 | $0.00 | A | 1,526 | D | |
| Common StockF2 | Nov 7, 2018 | S | 767 | $52.01 | D | 759 | 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 UnitsF1 | — | Nov 7, 2018 | M | 1,526 | D | Nov 7, 2018 | — | Common Stock | 1,526 | 0 | D |
| Restricted Stock UnitsF3 | — | Nov 7, 2018 | A | 1,825 | D | Nov 7, 2019 | — | Common Stock | 1,825 | 1,825 | D |
| Stock Appreciation rightF4 | $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 (The "RSUs") vested on November 7, 2018, the one-year anniversary of the date of grant.
- 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 vest 100% on the one-year anniversary of the date of grant.