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AMERICAN SUPERCONDUCTOR CORP /DE/ Director's Dealing 2008

May 30, 2008

31453_dirs_2008-05-30_c53dd301-14f6-4975-81c5-ac3e757802f7.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)
CIK: 0000880807
Period of Report: 2008-05-28

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-05-28 Common Stock M 10982 $7.81 Acquired 0 Direct
2008-05-28 Common Stock M 3492 $12.80 Acquired 0 Direct
2008-05-28 Common Stock S 3492 $34.25 Disposed 0 Direct
2008-05-28 Common Stock S 10682 $34.7505 Disposed 0 Direct
2008-05-28 Common Stock S 300 $34.77 Disposed 94351 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-05-28 Stock Option(right to buy) $7.81 M 10982 Disposed 2012-04-23 Common Stock (10982) Direct
2008-05-28 Stock Option(right to buy) $12.80 M 3492 Disposed 2014-05-06 Common Stock (3492) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3533 Indirect

Footnotes

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

F2: Following all the transactions reported on this Form 4, the reporting person holds 94,351 shares directly.

F3: Following all the transactions reported on this Form 4, the reporting person holds 3,533 shares indirectly through the company's 401(k) plan as of April 30, 2008.

F4: The option was fully vested as of April 23, 2005.

F5: The option was fully vested as of May 6, 2006.