ADVANCED ENERGY INDUSTRIES INC — Director's Dealing 2010

Feb 18, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADVANCED ENERGY INDUSTRIES INC (AEIS)
CIK: 0000927003
Period of Report: 2010-02-16

Reporting Person: SCHATZ DOUGLAS S & SCHATZ JILL E FAMILY TRUST (10% Owner)
Reporting Person: SCHATZ DOUGLAS S (Director)
Reporting Person: Schatz Jill E (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-16	Common Stock	S	200	$15.40	Disposed	6196475	Direct
2010-02-16	Common Stock	S	100	$15.41	Disposed	6196375	Direct
2010-02-16	Common Stock	S	100	$15.42	Disposed	6196275	Direct
2010-02-16	Common Stock	S	800	$15.43	Disposed	6195475	Direct
2010-02-16	Common Stock	S	800	$15.44	Disposed	6194675	Direct
2010-02-16	Common Stock	S	200	$15.45	Disposed	6194475	Direct
2010-02-16	Common Stock	S	200	$15.475	Disposed	6194275	Direct
2010-02-16	Common Stock	S	8009	$15.50	Disposed	6186266	Direct
2010-02-16	Common Stock	S	1200	$15.5001	Disposed	6185066	Direct
2010-02-16	Common Stock	S	191	$15.51	Disposed	6184875	Direct
2010-02-16	Common Stock	S	2900	$15.53	Disposed	6181975	Direct
2010-02-16	Common Stock	S	100	$15.54	Disposed	6181875	Direct
2010-02-16	Common Stock	S	2500	$15.55	Disposed	6179375	Direct
2010-02-16	Common Stock	S	2900	$15.5501	Disposed	6176475	Direct
2010-02-16	Common Stock	S	3320	$15.56	Disposed	6173155	Direct
2010-02-16	Common Stock	S	480	$15.57	Disposed	6172675	Direct
2010-02-16	Common Stock	S	100	$15.59	Disposed	6172575	Direct
2010-02-16	Common Stock	S	900	$15.60	Disposed	6171675	Direct
2010-02-16	Common Stock	S	100	$15.61	Disposed	6171575	Direct
2010-02-16	Common Stock	S	100	$15.62	Disposed	6171475	Direct
2010-02-16	Common Stock	S	1000	$15.63	Disposed	6170475	Direct
2010-02-16	Common Stock	S	1000	$15.69	Disposed	6169475	Direct
2010-02-16	Common Stock	S	200	$15.71	Disposed	6169275	Direct
2010-02-16	Common Stock	S	100	$15.72	Disposed	6169175	Direct
2010-02-16	Common Stock	S	1000	$15.89	Disposed	6168175	Direct

Footnotes

F1: These shares are owned directly by Douglas S. Schatz & Jill E. Schatz Family Trust, a ten percent owner of the issuer, and indirectly by Douglas S. Schatz and Jill E. Schatz, co-trustees of the trust.

F2: Includes 26,350 shares of restricted stock units held directly by Douglas S. Schatz, who is a director of the Issuer.

F3: The Sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan.