Ormat Technologies : Other Report or Announcement

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 3

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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OMB Number:	3235-0104
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(Print or Type Responses)

1.

Name and Address of Reporting Person*

2.

Date of Event

3. Issuer Name and Ticker or Trading Symbol

Requiring Statement

Ormat Technologies, Inc. [ORA]

Woelfel

Jessica

(Month/Day/Year)

(Last)

(First)

(Middle)

4. Relationship of Reporting Person(s) to Issuer

5.

If Amendment, Date

c/o Ormat Technologies, Inc. 6140 Plumas Street

(Check all applicable)

Original Filed (Month/Day/Year)

01/25/2022

Director

10% Owner

(Street)

X

Officer (give

Other (specify

6.

Individual or Joint/Group

title below)

below)

Filing (Check Applicable Line)

X Form filed by One Reporting

Reno

Nevada

89519

General Counsel and Chief Compliance Officer

Person

Form filed by More than One

Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.

Title of Security

2.

Amount of Securities

3. Ownership

4. Nature of Indirect Beneficial Ownership

(Instr. 4)

Beneficially Owned

Form: Direct

(Instr. 5)

(Instr. 4)

(D) or Indirect

(I) (Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
	(Over)
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FORM 3 (continued)	Table II − Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)(1)
1.	Title of Derivative Security	2.	Date Exercisable and	3. Title and Amount of Securities Underlying	4. Conversion or	5. Ownership	6. Nature of Indirect
		(Instr. 4)			Expiration Date	Derivative Securities	Exercise	Form of	Beneficial Ownership
					(Month/Day/Year)	(Instr. 4)		Price of	Derivative	(Instr. 5)
									Derivative	Security:
				Date		Expiration	Title	Amount or Number of	Security	Direct (D) or
				Exercisable	Date		Shares		Indirect (I)
										(Instr. 5)

Stock Appreciation Right	(1)	08/08/2025	Common Stock	4,000	$71.71	D
Stock Appreciation Right	(2)	06/15/2026	Common Stock	10,000	$69.14	D
Stock Appreciation Right	(3)	03/31/2027	Common Stock	6,401	$78.53	D

Explanation of Responses:

1. The stock appreciation right vested 50% on 08/08/2021, and will vest 25% and 25% on 08/08/2022 and 08/08/2023, respectively
2. The stock appreciation right will vest 50%, 25% and 25% on 06/15/2022, 06/15/2023 and 06/15/2024, respectively
3. The stock appreciation right will vest 50%, 25% and 25% on 03/31/2023, 03/31/2024 and 03/31/2025, respectively

Remarks:

Ex. 24.1 Power of Attorney

• Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78(ff)(a).

Note: File three copies of this form, one of which must be manually signed. If space provided is insufficient,

See Instructure 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays currently valid OMB number.

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/s/ Ehud Ben Yemini as Attorney-in-Fact	02/03/2022
**Signature of Reporting Person		Date

3

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