UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (Right to Buy) | 03/31/2021 | 09/30/2021 | Common Stock | 100,000 (1) | $ 29.52 | D | Â |
Stock Option (Right to Buy) | 03/31/2016 | 03/31/2020 | Common Stock | 300,000 (2) | $ 29.52 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Angel Isaac C/O ORMAT TECHNOLOGIES, INC. 6225 NEIL ROAD RENO, NV 89511 |
 |  |  CEO Appointee |  |
/s/ Etty Rosner | 04/03/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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). |
(1) | All of the options granted will become fully vested seven years following the date of the grant. This vesting schedule is subject to accelration in certain circumstances upon a change of control. |
(2) | The options will vest in four equal installments, commencing March 31, 2016. The options expire six years from the date of grant. The options will become void if the proposed amendment of Section 15(a) of the Ormat Technolgies, Inc. 2012 Incentive Compensation Plan submitted to the stockholders of the Company for thier approval at the 2014 Annual Meeting of Stockholders, scheduled to be held May 8, 2014, is not approved by the Company's stockholders by May 31, 2014. This vesting schedule is subject to accelaration in certain circumstances upn a change of control. |
 Remarks: Etty Rosner is signing on behalf of Mr. Angel pursuant to a power of attorney dated March 4, 2014, filed as an exhibit hereto. |