AMERICAN SUPERCONDUCTOR CORP /DE/ — Director's Dealing 2012

May 10, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)
CIK: 0000880807
Period of Report: 2012-05-09

Reporting Person: Maguire James F (EVP, Gridtec Solutions)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29456	Direct
Common Stock	1474	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to buy)	$14.06	2017-03-01	Common Stock (20000)		Direct
Stock Option (Right to buy)	$25.50	2019-05-11	Common Stock (6666)		Direct
Stock Option (Right to buy)	$29.24	2020-05-12	Common Stock (5000)		Direct
Stock Option (Right to buy)	$11.63	2021-05-11	Common Stock (20000)		Direct

Footnotes

F1: The reporting person holds 1,474 shares indirectly through the company's 401(k) plan as of April 30, 2012.

F2: The options are vested with respect to 20,000 shares.

F3: The options are vested with respect to 3,333 shares. The remaining 3,333 shares will vest 5/11/2012.

F4: The options are vested with respect to 1,667 shares. The remaining 3,333 shares vest in two equal annual installments on 5/11/2012 and 5/11/2013.

F5: The 20,000 shares will vest in three equal annual installments beginning 5/11/2012.