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

May 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)
CIK: 0000880807
Period of Report: 2011-05-16

Reporting Person: SANTAMARIA ANGELO R (SVP Global Manufacturing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-16	Common Stock	S	2000	$11.30	Disposed	49500	Direct
2011-05-17	Common Stock	S	10000	$11.15	Disposed	39500	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2113	Indirect

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 Plan. The primary purpose of these sales was to pay personal income taxes that were due upon the vesting of restricted stock on May 12, 2011.

F2: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 Plan. The primary purpose of such sales was to pay personal income taxes that were due upon the vesting of restricted stock on May 15, 2011.

F3: The disposition transaction was executed in muliple trades at prices ranging from $11.05-$11.21. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and price at which the transaction was effected.

F4: Following all the transactions reported on this Form 4, the reporting person holds 39,500 shares directly.

F5: Following all the transactions reported on this Form 4, the reporting person holds 2,113 shares indirectly through the company's 401(k) plan as of April 30, 2011.