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

Apr 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)
CIK: 0000880807
Period of Report: 2011-04-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-04	Common Stock	P	38000	$24.67	Acquired	1912664	Direct
2011-04-04	Common Stock	P	31350	$24.67	Acquired	2340280	Indirect
2011-04-04	Common Stock	P	16150	$24.67	Acquired	1268382	Indirect
2011-04-04	Common Stock	P	9500	$24.67	Acquired	761510	Indirect
2011-04-05	Common Stock	P	80000	$24.91	Acquired	1992664	Direct
2011-04-05	Common Stock	P	66000	$24.91	Acquired	2406280	Indirect
2011-04-05	Common Stock	P	34000	$24.91	Acquired	1302382	Indirect
2011-04-05	Common Stock	P	20000	$24.91	Acquired	781510	Indirect
2011-04-06	Common Stock	P	1200000	$14.27	Acquired	3192664	Direct
2011-04-06	Common Stock	P	990000	$14.27	Acquired	3396280	Indirect
2011-04-06	Common Stock	P	510000	$14.27	Acquired	1812382	Indirect
2011-04-06	Common Stock	P	300000	$14.27	Acquired	1081510	Indirect

Footnotes

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

F2: The reporting persons are filing this Form 4 jointly, but not as members of a group, and each expressly disclaims membership in a group. The filing of this Form 4 should not be construed as an admission that any reporting person is, and each such person disclaims that that such person is, the beneficial owner, as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended, of any of the securities covered by this Form 4, except for securities that such person holds directly.

F3: These shares are held directly by the James Douglas and Jean Douglas Irrevocable Descendants' Trust and indirectly by Kevin Douglas and Michelle Douglas as co-trustees 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, as co-trustees of the Douglas Family Trust.

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