Amended Statement of Changes in Beneficial Ownership (4/a)
November 12 2019 - 4:12PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Barniv Ravit |
2. Issuer Name and Ticker or Trading Symbol
ORMAT TECHNOLOGIES, INC.
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ORA
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O ORMAT TECHNOLOGIES, INC., 6140 PLUMS ST. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/7/2019 |
(Street)
RENO, NV 89519-6075
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
11/8/2019 |
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 11/7/2019 | | M | | 1825 (1) | A | $0 (1) | 2584 | D | |
Common Stock | 11/7/2019 | | S | | 917 (4) | D | $77.51 | 1667 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (1) | 11/7/2019 | | M | | | 1825 | 11/7/2019 (1) | 11/7/2019 (1) | Common Stock | 1825 | $0 | 0 | D | |
Restricted Stock Units | (2) | 11/7/2019 | | A | | 1256 (4) | | 11/7/2020 (2) | (2) | Common Stock | 1256 | $0 | 1256 | D | |
Stock Appreciation right | $76.87 | 11/7/2019 | | A | | 1210 (4) | | 11/7/2020 (3) | 11/6/2025 (3) | Common Stock | 1210 | $0 | 1210 | D | |
Explanation of Responses: |
(1) | Each 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, 2019, the one-year anniversary of the date of grant. |
(2) | Each 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, 20209, the one-year anniversary of the date of Grant. |
(3) | The stock appreciation rights vest 100% on the one-year anniversary of the date of grant. |
(4) | The Reporting Person is amending the Form 4 filed on November 8, 2019, which, due to administrative error, inadvertently reported grants of 1,256 restricted stock units and 1,210 stock appreciation rights as dispositions rather than acquisitions; and to report on the sale of shares of common stock sold in the open market on November 7, 2019, in order to satisfy the reporting person's tax withholding obligation in connection with the vesting of the RSUs. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Barniv Ravit C/O ORMAT TECHNOLOGIES, INC. 6140 PLUMS ST. RENO, NV 89519-6075 | X |
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Signatures
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/s/ Etty Rosner- as attorney-in-fact | | 11/12/2019 |
**Signature of Reporting Person | Date |
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