AMERICAN SUPERCONDUCTOR CORP /DE/ — Director's Dealing 2011

Oct 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)
CIK: 0000880807
Period of Report: 2011-09-29

Reporting Person: DOUGLAS KEVIN (10% Owner, 13(d)(3) group)
Reporting Person: Douglas Michelle (10% Owner, 13(d)(3) group)
Reporting Person: DOUGLAS FAMILY TRUST (10% Owner, 13(d)(3) group)
Reporting Person: JAMES & JEAN DOUGLAS IRREVOCABLE DESCENDANTS TRUST (10% Owner, 13(d)(3) group)
Reporting Person: DOUGLAS JAMES E III (10% Owner, 13(d)(3) group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-29	Common Stock	P	332000	$4.36	Acquired	3524664	Direct
2011-09-29	Common Stock	P	273900	$4.36	Acquired	3670180	Indirect
2011-09-29	Common Stock	P	141100	$4.36	Acquired	1953482	Indirect
2011-09-29	Common Stock	P	83000	$4.36	Acquired	1164510	Indirect
2011-09-30	Common Stock	P	43200	$4.32	Acquired	3567864	Direct
2011-09-30	Common Stock	P	35640	$4.32	Acquired	3705820	Indirect
2011-09-30	Common Stock	P	18360	$4.32	Acquired	1971842	Indirect
2011-09-30	Common Stock	P	10800	$4.32	Acquired	1175310	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	657332	Indirect
Common Stock	657332	Indirect

Footnotes

F1: These shares are held directly and jointly by Kevin Douglas and Michelle Douglas.

F2: Each of the reporting persons hereunder (individually, a "Reporting Person" and collectively the "Reporting Persons") may be deemed a member of a "group" within the meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended (the "Exchange Act") or Rule 13d-5 promulgated under the Exchange Act, with one or more of the other Reporting Persons. Although the Reporting Persons are reporting such securities as if they were members of a "group", the filing of this Form 4 shall not be deemed an admission by any Reporting Person that such Reporting Person is a beneficial owner of any securities other than those directly held by such Reporting Person.

F3: These shares are held directly by the James Douglas and Jean Douglas Irrevocable Descendants' Trust and indirectly by Kevin Douglas and Michelle Douglas. Kevin Douglas and Michelle Douglas, husband and wife, are each a co-trustee of the James Douglas and Jean Douglas Irrevocable Descendants' Trust.

F4: These shares are held directly by the Douglas Family Trust and indirectly by Kevin Douglas. James E. Douglas, Jr. and Jean A. Douglas, husband and wife, are each a co-trustee of the Douglas Family Trust.

F5: These shares are held directly by James E. Douglas III and indirectly by Kevin Douglas.

F6: These shares are held directly by the KGD 2010 Annuity Trust I, a grantor-retained annuity trust of which Kevin Douglas is the sole trustee, and indirectly by Kevin Douglas.

F7: These shares are held directly by the MMD 2010 Annuity Trust I, a grantor-retained annuity trust of which Michelle Douglas is the sole trustee, and indirectly by Michelle Douglas and Kevin Douglas.