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

Jan 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)
CIK: 0000880807
Period of Report: 2011-01-18

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
2011-01-18	Common Stock	P	32000	$28.81	Acquired	1426664	Direct
2011-01-18	Common Stock	P	26400	$28.81	Acquired	1939330	Indirect
2011-01-18	Common Stock	P	13600	$28.81	Acquired	1061832	Indirect
2011-01-18	Common Stock	P	8000	$28.81	Acquired	640010	Indirect
2011-01-19	Common Stock	P	68000	$28.37	Acquired	1494664	Direct
2011-01-19	Common Stock	P	56100	$28.37	Acquired	1995430	Indirect
2011-01-19	Common Stock	P	28900	$28.37	Acquired	1090732	Indirect
2011-01-19	Common Stock	P	17000	$28.37	Acquired	657010	Indirect
2011-01-20	Common Stock	P	20000	$28.22	Acquired	1514664	Direct
2011-01-20	Common Stock	P	16500	$28.22	Acquired	2011930	Indirect
2011-01-20	Common Stock	P	8500	$28.22	Acquired	1099232	Indirect
2011-01-20	Common Stock	P	5000	$28.22	Acquired	662010	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, a grantor-retained annuity trust of which Kevin Douglas is the sole trustee, and indirectly by Kevin Douglas. These shares were directly held by Kevin Douglas and Michelle Douglas prior to their transfer to the KGD 2010 Annuity Trust in December 2010.

F7: These shares are held directly by the MMD 2010 Annuity Trust, a grantor-retained annuity trust of which Michelle Douglas is the sole trustee, and indirectly by Michelle Douglas. These shares were directly held by Kevin Douglas and Michelle Douglas prior to their transfer to the MMD 2010 Annuity Trust in December 2010.