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Case 3:10-cv-00132-ECR -WGC Document 97-2 Filed 03/27/12 Page 19 of 21 ORMAT TECHNOLOGIES, INC. PUT OPTIONS l. The recognized loss for each share of Ormat common stock covered by a put option contract on Ormat common stock sold or written between May 7, 2008 and February 24, 2009, inclusive and outstanding on or after February 24, 2010 shall be the lesser of: (1) $0.13 for each share covered, or (2) 12.5% of the amount received for the contract on the date the claimant sold or wrote the put contract, less 12.5% of the amount received per put option contract and (b) the purchase price paid per put option contract when said put options were subsequently repurchased. m. The recognized loss for each share of Ormat common stock covered by a put option contract on Ormat common stock sold or written between February 25, 2019 and February 23, 2010, inclusive and outstanding on or after February 24, 2010 shall be the lesser of: (1) $0.26 for each share covered, or (2) 50% of the amount received for the contract on the date the claimant sold or wrote the put contract, less 50% of the amount received per put option contract and (b) the purchase price paid per put option contract when said put options were subsequently repurchased. For put options sold or written during the Class Period that expired worthless and unexercised, the Authorized Claimant’s Recognized Claim shall be deemed to be Zero ($0.00). For Ormat options that were sold or written during the Class Period, that were “put” to the Authorized Claimant (i.e. exercised) at any time, the Authorized Claimant’s Recognized Claim shall be calculated as a purchase of Ormat common stock as shown herein, and as if the sale of the put option were instead a purchase of Ormat common stock on the date of the sale or writing of the put option, and the “purchase price paid” shall be the strike price of the put option less the proceeds received from the sale of the put option. No recognized loss shall be calculated based upon the sale of any put option that was previously purchased. n. The total recovery payable to Authorized Claimants from transactions in call or put options shall not exceed five percent (5%) of the Distribution Amount. INSTRUCTIONS APPLICABLE TO ALL GROUPS OF CLAIMANTS: o. A purchase or sale of Ormat securities shall be deemed to have occurred on the “contract” or “trade” date as opposed to the “settlement” or “payment” date. p. Acquisition by Gift, Inheritance, or Operation of Law: If a Class Member acquired Ormat securities during the Class Period by way of gift, inheritance or operation of law, such a claim will be computed by using the date and price of the original purchase and not the date and price of transfer. To the extent those Ormat securities were originally purchased prior to commencement of the Class Period, the Recognized Loss for that acquisition shall be deemed to be Zero ($0.00). q. Notwithstanding any of the above, receipt of Ormat securities during the Class Period in exchange for securities of any other corporation or entity shall not be deemed a purchase or sale of Ormat securities. 17PDF Image | Lawsuite ORMAT TECHNOLOGIES
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