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

Mar 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)
CIK: 0000880807
Period of Report: 2011-03-17

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
2011-03-17	Common Stock	P	80000	$23.28	Acquired	1714664	Direct
2011-03-17	Common Stock	P	66000	$23.28	Acquired	2176930	Indirect
2011-03-17	Common Stock	P	34000	$23.28	Acquired	1184232	Indirect
2011-03-17	Common Stock	P	20000	$23.28	Acquired	712010	Indirect
2011-03-21	Common Stock	P	71200	$23.57	Acquired	1785864	Direct
2010-03-21	Common Stock	P	58740	$23.57	Acquired	2235670	Indirect
2011-03-21	Common Stock	P	30260	$23.57	Acquired	1214492	Indirect
2011-03-21	Common Stock	P	17800	$23.57	Acquired	729810	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.