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Ascent Solar Technologies, Inc. — Director's Dealing 2008
Oct 9, 2008
35368_dirs_2008-10-09_dc387c8f-da6c-4846-b707-91312a5985e5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Ascent Solar Technologies, Inc. (ASTI)
CIK: 0001350102
Period of Report: 2008-10-08
Reporting Person: Norsk Hydro Produksjon AS (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-10-08 | Common Stock | J | 2421801 | $6.176 | Acquired | 7298160 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-03-13 | Tranche 2 Shares Call Option (right to buy) | $ | P | 1 | Acquired | 2009-12-13 | Common Stock () | Direct |
| 2008-10-08 | Tranche 2 Shares Call Option (right to buy) | $6.176 | J | 1 | Disposed | 2009-12-13 | Common Stock (2421801) | Direct |
Footnotes
F1: Pursuant to the Securities Purchase Agreement entered into by Ascent Solar Technologies, Inc. (the "Issuer") and Norsk Hydro Produksjon AS ("Produksjon") on March 13, 2007, and Amendment No. 1 thereto, dated as of March 3, 2008, the Issuer granted to Produksjon, and Produksjon acquired from the Issuer, an option to acquire from the Issuer, and to require the Issuer to sell to Produksjon (the "Tranche 2 Call Option"), in full or in part, from time to time, up to a maximum of an additional number of common shares, par value $0.0001 per share, of the Issuer (the "Shares") that will result in Produksjon owning 35% of all issued and outstanding Shares immediately after such sale and purchase (the "Tranche 2 Shares").
F2: On October 8, 2008, Produksjon exercised the Tranche 2 Call Option and purchased and acquired from the Company 2,421,801 Tranche 2 Shares at $6.176 per Share, which is equal to the average of the closing bids for the Shares on Nasdaq during the five consecutive trading days ending on (and including) October 3, 2008.
F3: The purchase price for each Tranche 2 Share will be an amount equal to the average of the closing bids for the Shares on Nasdaq Stock Market ("Nasdaq") during the five consecutive trading days ending on (and including) the trading day that is one day prior to the date of exercise of the Tranche 2 Call Option.