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

Jan 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)
CIK: 0000880807
Period of Report: 2009-12-30

Reporting Person: YUREK GREGORY J (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-30	Common Stock	M	7975	$32.563	Acquired	185115	Direct
2010-01-04	Common Stock	M	117025	$32.563	Acquired	302140	Direct
2009-12-30	Common Stock	S	7975	$42.05	Disposed	294165	Direct
2010-01-04	Common Stock	S	100	$42.25	Disposed	294065	Direct
2010-01-04	Common Stock	S	200	$42.24	Disposed	293865	Direct
2010-01-04	Common Stock	S	400	$42.23	Disposed	293465	Direct
2010-01-04	Common Stock	S	472	$42.22	Disposed	292993	Direct
2010-01-04	Common Stock	S	428	$42.21	Disposed	292565	Direct
2010-01-04	Common Stock	S	200	$42.18	Disposed	292365	Direct
2010-01-04	Common Stock	S	394	$42.13	Disposed	291971	Direct
2010-01-04	Common Stock	S	600	$42.12	Disposed	291371	Direct
2010-01-04	Common Stock	S	350	$42.11	Disposed	291021	Direct
2010-01-04	Common Stock	S	2550	$42.10	Disposed	288471	Direct
2010-01-04	Common Stock	S	2762	$42.09	Disposed	285709	Direct
2010-01-04	Common Stock	S	2400	$42.08	Disposed	283309	Direct
2010-01-04	Common Stock	S	2346	$42.07	Disposed	280963	Direct
2010-01-04	Common Stock	S	1352	$42.06	Disposed	279611	Direct
2010-01-04	Common Stock	S	102471	$42.05	Disposed	177140	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-12-30	Stock Option (Right to buy)	$32.563	M	7975	Disposed	2010-07-28	Common Stock (7975)	Direct
2010-01-04	Stock Option (Right to buy)	$32.563	M	117025	Disposed	2010-07-28	Common Stock (117025)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	752	Indirect

Footnotes

F1: The stock option exercise and sales reported on this Form 4 were effected pursuant to Rule 10b5-1 Plan.

F2: Following all the transactions reported on this Form 4, the reporting person holds 177,140 shares directly.

F3: Following all the transactions reported on this Form 4, the reporting person holds 752 shares indirectly through the company's 401(k) plan as of December 31, 2009.

F4: The option was fully vested as of July 28, 2005.