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

Nov 9, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)
CIK: 0000880807
Period of Report: 2007-11-07

Reporting Person: SANTAMARIA ANGELO R (VP & GM, AMSC Superconductors)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-08	Common Stock	M	10000	$13.25	Acquired	0	Direct
2007-11-07	Common Stock	S	2645	$28.13	Disposed	0	Direct
2007-11-08	Common Stock	S	10000	$30.00	Disposed	20500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-08	Stock Option(right to buy)	$13.25	M	10000	Disposed	2014-04-01	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1284	Indirect

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 5, 2007.

F2: Following all the transactions reported on this Form 4, the reporting person holds 20,500 shares directly.

F3: The reporting person holds 1,284 shares indirectly through the company's 401(k) plan as of September 30, 2007.

F4: Original option (50,000 shares) exercisable in five annual increments of 10,000 shares beginning on April 1, 2005.