AMTECH SYSTEMS INC — Director's Dealing 2010

Dec 2, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMTECH SYSTEMS INC (asys)
CIK: 0000720500
Period of Report: 2010-12-01

Reporting Person: Giese Alfred (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-01	Amtech Systems, Inc. $.01 par value common stock	M	2500	$11.05	Acquired	3500	Direct
2010-12-01	Amtech Systems, Inc. $.01 par value common stock	S	2500	$21.07	Disposed	1000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-01	Amtech Systems, Inc. Non-Employee Director Stock Option	$11.05	M	2500	Acquired	2018-03-14	Amtech Systems, Inc. $.01 par value common stock (2500)	Direct

Footnotes

F1: Price omitted because the transaction is a grant of a stock option.

F2: This is the number of derivative securities, with the same terms and conditions, following the reported transaction. Total of all derivative securities, with different terms and conditions, held following the reported transaction is 15,833.

F3: One-third of the stock option granted vest on each of the first three anniversaries of the March 14, 2008.

F4: Any unexercised stock options expire 90 days after membership on the Board of Directors terminates, except that the expiration is one year from the date of termination if such termination is the result of death, or such other expiration date as the Board of Directors sets in its discretion at the time of termination.