AMERICAN SUPERCONDUCTOR CORP /DE/ — Director's Dealing 2007

Dec 7, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)
CIK: 0000880807
Period of Report: 2007-12-05

Reporting Person: STANKIEWICZ CHARLES W (EVP, AMSC Power Systems)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-05	Common Stock	M	28353	$12.063	Acquired	0	Direct
2007-12-05	Common Stock	M	4105	$10.75	Acquired	0	Direct
2007-12-05	Common Stock	S	23903	$24.75	Disposed	0	Direct
2007-12-05	Common Stock	S	11055	$25.00	Disposed	0	Direct
2007-12-06	Common Stock	M	16445	$12.063	Acquired	0	Direct
2007-12-06	Common Stock	M	10000	$10.75	Acquired	0	Direct
2007-12-06	Common Stock	S	16445	$26.75	Disposed	0	Direct
2007-12-06	Common Stock	S	10000	$27.25	Disposed	28500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-05	Stock Option (right to buy)	$12.063	M	28353	Disposed	2008-07-06	Common Stock (28353)	Direct
2007-12-05	Stock Option (right to buy)	$10.75	M	4105	Disposed	2009-04-20	Common Stock (4105)	Direct
2007-12-06	Stock Option (right to buy)	$12.063	M	16445	Disposed	2008-07-06	Common Stock (16445)	Direct
2007-12-06	Stock Option (right to buy)	$10.75	M	10000	Disposed	2009-04-20	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3414	Indirect

Footnotes

F1: The stock option exercises and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2007.

F2: Following all the transactions reported on this Form 4, the reporting person holds 28,500 shares directly.

F3: Following all the transactions reported on this Form 4, the reporting person holds 3,414 shares indirectly through the company's 401(k) plan as of September 30, 2007.

F4: The option was fully vested as of July 6, 2003.

F5: The option was fully vested as of April 20, 2004.