Filing Details
- Accession Number:
- 0001437749-23-025417
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-09-07 18:40:54
- Reporting Period:
- 2023-09-05
- Accepted Time:
- 2023-09-07 18:40:54
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1296445 | Ormat Technologies Inc. | ORA | Electric Services (4911) | 880326081 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1380031 | Isaac Angel | C/O Ormat Technologies, Inc. 6140 Plums St. Reno NV 89519-6075 | Yes | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-09-05 | 96,353 | $55.16 | 138,286 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-09-05 | 70,209 | $75.70 | 68,077 | No | 4 | D | Direct | |
| Common Stock | Acquisiton | 2023-09-06 | 103,313 | $55.16 | 145,246 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-09-06 | 75,500 | $75.48 | 69,746 | No | 4 | D | Direct | |
| Common Stock | Disposition | 2023-09-06 | 22,399 | $74.42 | 47,347 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-09-06 | 5,414 | $75.41 | 41,933 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | D | Direct | |
| No | 4 | M | Direct | |
| No | 4 | D | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Appreciation Rights (SARs) | Disposition | 2023-09-05 | 96,353 | $0.00 | 96,353 | $55.16 |
| Common Stock | Stock Appreciation Rights (SARs) | Disposition | 2023-09-06 | 103,313 | $0.00 | 103,313 | $55.16 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 106,658 | 2018-11-07 | 2023-11-07 | No | 4 | M | Direct |
| 3,345 | 2018-11-07 | 2023-11-07 | No | 4 | M | Direct |
Footnotes
- On September 5, 2023, the reporting person exercised 96,353 stock appreciation rights, and then immediately sold 26,144 shares received from such exercise. In a Form 4 filed on September 6, 2023 (the "Prior Form 4"), the reporting person previously reported such sale of 26,144 shares, but omitted the prior exercise of the stock appreciation rights. This Form 4 timely reports the exercise, and so column 5 of this row reflects the amount of shares beneficially owned prior to such sale of 26,144 shares.
- Due to the circumstances described in footnote 1, column 5 of this row is based on the amount of shares beneficially owned after the sale of 26,144 shares, which was reported in the Prior Form 4 and so is not repeated here. The amount of shares beneficially owned after the sale of 26,144 shares reported in the prior Form 4 should have been 41,933.
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.10 to $75.06, 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 $75.11 to $75.73, 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 pursuant to a Rule 10b5-1 plan adopted by the reporting person on 04-02-2023.
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