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) | 04/02/2014(2) | 04/02/2019 | Common Stock | 100,000 (1) | $ 20.54 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Blachar Doron C/O ORMAT TECHNOLOGIES, INC. 6225 NEIL ROAD RENO, NV 89511 |
 |  |  CFO |  |
/s/ Etty Rosner | 02/11/2014 | |
**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) | As previously reported on the Form 3 filed by the Reporting Person on April 3, 2013 (the "Original Filing"), the Reporting Person reported acquiring stock options to purchase 120,000 shares of common stock pursuant to the Issuer's 2012 Incentive Compensation Plan (the "Plan"). However, the Issuer subsequently determined that stock options to purchase 20,000 shares of common stock were not validly granted pursuant to the Plan because they exceeded the limit on the number of stock options that any participant may receive in one calendar year. Accordingly, the attempted grant of these excess stock options was ineffective, and they were never granted to the Reporting Person. The Reporting Person is filing this amendment to report the correct amount of stock options acquired. |
(2) | The options to purchase 100,000 shares of common stock will vest in four equal installments, commencing on the first anniversary of the grant date. This vesting schedule is subject to acceleration in certain circumstances upon a change of control. |
 Remarks: Etty Rosner is signing on behalf of Mr. Blachar pursuant to a power of attorney dated April 2, 2013, filed as an exhibit to the Original Filing. |