Ascent Solar Technologies, Inc. — Director's Dealing 2008

Dec 5, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ascent Solar Technologies, Inc. (ASTI)
CIK: 0001350102
Period of Report: 2008-12-02

Reporting Person: Gatchell Gary (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-02	Common Stock Option (Right to Buy)	$3.17	A	20000	Acquired	2018-12-02	Common Stock (20000)	Direct

Footnotes

F1: The options vest in the following amounts on the following dates: 5,000 on January 1, 2009; 5,000 on January 1, 2010; 5,000 on January 1, 2011; and 5,000 on January 1, 2012.

F2: Mr. Gatchell also holds the following securities: 13,500 shares of common stock; and 40,000 shares of restricted stock which are scheduled to vest annually through 2011 upon achievement of various performance criteria set forth in Mr. Gatchell's employment agreement with the Issuer.