Ravit Barniv - 05 May 2021 Form 4/A - Amendment Insider Report for ORMAT TECHNOLOGIES, INC. (ORA)

Role
Director
Signature
/s/ Jessica Woelfel - as attorney in fact
Issuer symbol
ORA
Transactions as of
05 May 2021
Transactions value $
$0
Form type
4/A - Amendment
Filing time
09 Nov 2021, 13:39:22 UTC
Date Of Original Report
05 Nov 2021
Next filing
05 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORA Common Stock Options Exercise $0 +1.43K +48.92% $0.00 4.35K 05 May 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ORA Restricted Stock Units Options Exercise $0 -1.43K -100% $0.00* 0 05 May 2021 Common Stock 1.43K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person's restricted stock units (the "RSUs") were initially set to vest in their entirety on November 4, 2021, the one-year anniversary of the date of grant. On May 5, 2021, the compensation committee of the board of directors of the Issuer accelerated the vesting of the common stock underlying the RSUs to that same date, in connection with the Reporting Person's previously-announced departure from the Issuer on such date.
F2 Each RSU represented the right to receive one share of the Issuer's common stock upon vesting.

Remarks:

The original Form 4 filed on November 5, 2021 disregarded the acceleration of the RSUs on May 5, 2021 reported herein and incorrectly stated that the Reporting Person's RSUs vested on November 4, 2021. The transactions herein are being reported late due to inadvertent administrative oversight.