ORMAT TECHNOLOGIES, INC. 4
4 · ORMAT TECHNOLOGIES, INC. · Filed Jun 15, 2016
Insider Transaction Report
Form 4
Klein Erez
V.P., Operations
Transactions
- Award
Stock Appreciation Right
2016-06-14+42,500→ 124,500 totalExercise: $42.87From: 2018-06-14Exp: 2022-06-14→ Common Stock (42,500 underlying)
Footnotes (2)
- [F1]The Stock Appreciation Rights will vest and become exercisable according to the following schedule: 50% on June 14, 2018, 25% on June 14, 2019 and 25% on June 14, 2020.
- [F2]This includes the following grants which are fully vested: (i)12,000 Stock Appreciation Rights granted on April 16, 2010 at exercise price of $29.95 ea (ii) 15,000 Stock Appreciation Rights granted on March 31, 2011 at exercise price of $25.65 ea , (iii) 15,000 Stock Appreciation Rights granted on April 2, 2012 at exercise price of $20.13 ea and (iv) 40,000 Stock Appreciation Rights granted on June 4, 2013 at exercise price of $23.34 ea out of which 20,000 has vest and the balance 20,000 will vest on June 4, 2017.