ORMAT TECHNOLOGIES, INC. 4
4 · ORMAT TECHNOLOGIES, INC. · Filed Dec 27, 2016
Insider Transaction Report
Form 4
Klein Erez
V.P., Operations
Transactions
- Exercise/Conversion
Stock Appreciation Right
2016-12-23−12,000→ 112,500 totalExercise: $29.95From: 2012-04-16Exp: 2017-04-16→ Common Stock (5,150 underlying) - Exercise/Conversion
Common Stock
2016-12-23$29.95/sh+5,150$154,243→ 5,150 total - Sale
Common Stock
2016-12-23$52.95/sh−5,150$272,693→ 0 total
Footnotes (1)
- [F1]This includes the following grants: (i) 15,000 Stock Appreciation Rights granted on March 31, 2011 at exercise price of $25.65 ea that are fully vested (ii) 15,000 Stock Appreciation Rights granted on April 2, 2012 at exercise price of $20.13 ea that are fully vested (iii) 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 and (iv) 42,500 Stock Appreciation Rights granted on June 2016 out of which 50% will be vested on June 14, 2018, 25% on June 14, 2019 and 25% on June 14, 2020.