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Ascent Solar Technologies, Inc. — Director's Dealing 2008
Mar 1, 2008
35368_dirs_2008-02-29_934a921d-f0fe-49e4-aae5-3be099ff0af5.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: Ascent Solar Technologies, Inc. (ASTI)
CIK: 0001350102
Period of Report: 2008-02-26
Reporting Person: Quercus Trust (10% Owner)
Reporting Person: Gelbaum David (10% Owner, Co-Trustee)
Reporting Person: Gelbaum Monica Chavez (10% Owner, Co-Trustee)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-02-26 | Common Stock | S | 18014 | $15.5418 | Disposed | 1720132 | Direct |
| 2008-02-27 | Common Stock | S | 14839 | $15.2382 | Disposed | 1705293 | Direct |
Footnotes
F1: On Form 4 filed on 2/28/2008, Reporting Persons mistakenly reported a temporary short-swing profit liability of $247,113.49. This error was a result of matching sales during a period of 10% ownership against purchases made during a period of less than 10% ownership. The reported sales should have been matched against the purchase of 230,500 shares at a price of $11.7899 on 9/18/2007. The correct and true short-swing profit was $118,766.05. Because Reporting Persons transferred $247,113.49 into the account of Issuer, they are seeking a refund of $128,357.44 as overpayment of disgorgement under Section 16(b).