FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
- Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).See Instruction 10.
UNITED STATES
SECURITIES AND
EXCHANGE
COMMISSION
Washington, D.C. 20549
OMB APPROVAL
OMB Number: | 3235-0287 |
Estimated average burden | |
hours per response: | 0.5 |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934, or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person* Blachar, Doron
(Last)(First) (Middle)
c/o Ormat Technologies, Inc.
6140 Plumas St.
(Street)
Reno NV 89519-6075
(City) | (State) | (Zip) |
- Issuer Name and Ticker or Trading Symbol Ormat Technologies, Inc. [ORA]
- Date of Earliest Transaction (Month/Day/Year) 09/01/2023
- If Amendment, Date Original Filed (Month/Day/Year)
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
___ Director | ___ 10% Owner |
_X_ Officer (give title | ___ Other (specify below) |
below) |
Chief Executive Officer
6. Individual or Joint/Group Filing (Check Applicable
Line)
_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)
Common Stock
Common Stock
Common Stock
Common Stock
2. Transaction | 2A. Deemed | 3. | 4. Securities | 5. Amount of Securities | 6. | 7. Nature | ||
Date (Month / | Execution | Transaction | Acquired (A) or | Beneficially Owned | Ownership | of Indirect | ||
Day / Year) | Date, if any | Code | Disposed of (D) | Following Reported | Form: | Beneficial | ||
(Month / Day / | (Instr. 8) | (Instr. 3, 4 and 5) | Transaction(s) | Direct (D) | Ownership | |||
Year) | (A) | (Instr. 3 and 4) | or Indirect | (Instr. 4) | ||||
(I) | ||||||||
or | ||||||||
(Instr. 4) | ||||||||
Code V | Amount | (D) | Price | |||||
09/01/2023 | M | 68,252 | A | $63.35 | 86,186 | D | ||
09/01/2023 | D | 56,937 | D | $75.94 | 29,249 | D | ||
09/01/2023 | S | 4,205 | D | $75.29 | 25,044 | D | ||
(1) (3) | ||||||||
09/01/2023 | S | 7,110 | D | $75.75 | 17,934 | D | ||
(2) (3) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
Stock Appreciation Rights (SARs)
2. | 3. | 3A. | 4. | 5. Number | 6. Date Exercisable and | 7. Title and | 8. Price | 9. Number | 10. | 11. Nature | ||
Conversion | Transaction | Deemed | Transaction | of | Expiration Date | Amount of | of | of | Ownership | of Indirect | ||
or Exercise | Date | Execution | Code | Derivative | (Month / Day / Year) | Securities | Derivative | Derivative | Form of | Beneficial | ||
Price of | (Month / | Date, if | (Instr. 8) | Securities | Underlying | Security | Securities | Derivative | Ownership | |||
Derivative | Day / Year) | any | Acquired | Derivative | (Instr. 5) | Beneficially | Security: | (Instr. 4) | ||||
Security | (Month / | (A) or | Security | Owned | Direct (D) | |||||||
Day / | Disposed | (Instr. 3 and 4) | Following | or Indirect | ||||||||
Year) | of (D) | Reported | (I) | |||||||||
(Instr. 3, 4, | Transaction | (Instr. 4) | ||||||||||
and 5) | (s) | |||||||||||
Amount | (Instr. 4) | |||||||||||
or | ||||||||||||
Number | ||||||||||||
Date | Expiration | of | ||||||||||
Code V | (A) (D) | Exercisable | Date | Title | Shares | |||||||
$63.35 | 09/01/2023 | M | 68,252 | 11/07/2019 | 11/07/2023 | Common | 68,252 | $0.00 | 0 | D | ||
Stock |
Explanation of Responses:
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.01 to $75.45, inclusive. The reporting person undertakes to provide to Ormat Technologies, Inc. (the "Company"), any securityholder of the Company or the staff of the Securities and Exchange Commission ("SEC Staff"), upon request, full information regarding the number of shares sold at each price within the range specified herein.
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.47 to $76.45, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or the SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
- These sales were made automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 04/02/2023.
Signatures
/s/ Ehud Ben Yemini as Attorney-in-Fact
**Signature of Reporting Person
Reporting Owners
09/06/2023
Date
Reporting Owner Name / Address
Blachar, Doron
c/o Ormat Technologies, Inc. 6140 Plumas St.
Reno NV 89519-6075
Relationships
Director 10% Owner Officer | Other |
Chief Executive Officer
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
- If the form is filed by more than one reporting person, see Instruction 4(b)(v).
- Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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Ormat Technologies Inc. published this content on 07 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 September 2023 22:02:11 UTC.