AMERICAN SUPERCONDUCTOR CORP /DE/ — Director's Dealing 2010

May 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)
CIK: 0000880807
Period of Report: 2010-05-12

Reporting Person: DiCecco Susan J (VP, Corporate Administration)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-12	Common Stock	A	5400	$0.00	Acquired	24345	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-12	Stock Option (Right to buy)	$29.24	A	9000	Acquired	2020-05-12	Common Stock (9000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	720	Indirect

Footnotes

F1: Following all the transactions reported on this Form 4, the reporting person holds 24,345 shares directly.

F2: Following all the transactions reported on this Form 4, the reporting person holds 720 shares indirectly through the company's 401(k) plan as of April 30, 2010.

F3: The options vest in three equal annual installments beginning May 12, 2011.