Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
Under the Securities Exchange Act of 1934
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ORMAT TECHNOLOGIES, INC.
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(Name of Issuer)
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Common Stock, $0.001 par value (the "Common Stock")
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(Title of Class of Securities)
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686688102
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(CUSIP Number)
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December 31, 2020
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
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*
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The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
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The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP NO. 686688102
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Name of Reporting Persons/
I.R.S. Identification Nos. of above persons (entities only).
Clal Insurance Enterprises Holdings Ltd.
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| 2. |
Check the Appropriate Box if a Member of a Group
(a) ☐
(b) ☐
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| 3. |
SEC Use Only
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| 4. | Place of Organization
Israel
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
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5. | Sole Voting Power
0
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| 6. | Shared Voting Power
3,235,562 shares of Common Stock *
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| 7. | < td style="BORDER-TOP: black 4px; BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; WIDTH: 79%">Sole Dispositive Power|||
| 8. | Shared Dispositive Power
3,235,562 shares of Common Stock *
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| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
3,235,562 shares of Common Stock *
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| 10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐
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| 11. | Percent of Class Represented by Amount in Row (9)
6.3%**
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| 12. |
Type of Reporting Person :
CO
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*See Item 4.
** Based on 51,068,590 shares of Common Stock outstanding as of September 30, 2020 (as reported by the Issuer in its
report on Form 424B2 filed with the Securities and Exchange Commission on November 19, 2020).
Item 1.
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(a)
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Name of Issuer: ORMAT TECHNOLOGIES, INC. (the “Issuer”).
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(b)
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Address of Issuer’s Principal Executive Offices:
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6225 Neil Road, Reno, Nevada 89511-1136
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Item 2.
(a) Name of Person Filing:
Clal Insurance Enterprises Holdings Ltd. (“Clal” or the “Reporting Person”). Clal, an Israeli public corporation, may be deemed to beneficially own the shares of Common Stock reported in this Statement. See Item 4.
Clal Insurance Enterprises Holdings Ltd. (“Clal” or the “Reporting Person”). Clal, an Israeli public corporation, may be deemed to beneficially own the shares of Common Stock reported in this Statement. See Item 4.
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Address of Principal Business Offices or, if none, Residence:
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Clal Insurance Enterprises Holdings Ltd. – 36 Raul Walenberg St., Tel Aviv 66180, Israel
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Place of Organization:
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Israel.
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Title of Class of Securities:
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Common Stock, $0.001 par value (the "Common Stock").
| (e) |
CUSIP Number:
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686688102
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Item 3.
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If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
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Not applicable.
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Item 4.
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Ownership
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Of the 3,235,562 shares of Common Stock reported in this Statement as beneficially owned by
Clal (i) 87,605 shares of Common Stock are beneficially held for its
own account; and (ii) 3,147,957 are held for members of the public
through, among others, provident funds and/or pension funds and/or insurance policies, which are managed by subsidiaries of Clal, which subsidiaries operate under independent management and make independent voting and investment decisions.
Consequently, this Statement shall not be construed as an admission by Clal, that it is the beneficial owner of more than 87,605 shares of Common Stock covered by this Statement.
Except as set forth above, see items 5-11 of the cover page hereto for beneficial ownership, percentage of class and dispositive power of
the Reporting Person, which are incorporated herein.
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Item 5.
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Ownership of 5 Percent or Less of a Class
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class
of securities, check the following ☐.
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Item 6.
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Ownership of More than 5 Percent on Behalf of Another Person
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Not applicable.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
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Not applicable.
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Item 8.
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Identification and Classification of Members of the Group
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Not applicable.
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Item 9.
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Notice of Dissolution of Group
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Not applicable.
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Item 10.
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Certifications
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete
and correct.
February 16, 2021
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CLAL INSURANCE ENTERPRISES HOLDINGS LTD.
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BY: /s/ Eran Czerninski /s/ Yossi Dory
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Eran Czerninski and Yossi Dory, authorized signatories of CLAL INSURANCE ENTERPRISES HOLDINGS LTD.
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