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Ascent Solar Technologies, Inc. Director's Dealing 2008

Feb 21, 2008

35368_dirs_2008-02-21_14d4eec5-bfa0-4a6c-98c2-7d2579640110.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: 2008-02-19

Reporting Person: Armstrong Joseph H (Vice President and CTO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-02-19 Common Stock M 1000 $4.25 Acquired 50333 Direct
2008-02-19 Common Stock S 6 $16.55 Disposed 50327 Direct
2008-02-19 Common Stock S 13 $16.56 Disposed 50314 Direct
2008-02-19 Common Stock S 65 $16.59 Disposed 50249 Direct
2008-02-19 Common Stock S 32 $16.61 Disposed 50217 Direct
2008-02-19 Common Stock S 6 $16.62 Disposed 50211 Direct
2008-02-19 Common Stock S 32 $16.65 Disposed 50179 Direct
2008-02-19 Common Stock S 13 $16.66 Disposed 50166 Direct
2008-02-19 Comon Stock S 6 $16.67 Disposed 50160 Direct
2008-02-19 Common Stock S 20 $16.69 Disposed 50140 Direct
2008-02-19 Common Stock S 26 $16.70 Disposed 50114 Direct
2008-02-19 Common Stock S 50 $16.71 Disposed 50064 Direct
2008-02-19 Common Stock S 15 $16.72 Disposed 50049 Direct
2008-02-19 Common Stock S 78 $16.73 Disposed 49971 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-02-19 Common Stock Option (Right to Buy) $4.25 M 1000 Disposed 2016-02-27 Common Stock (1000) Direct

Footnotes

F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 2007.

F2: Of the remaining unvested options in this grant, options to purchase 3,572 vest on March 31, 2008 and September 30, 2008, and options to purchase 3,568 vest on March 31, 2009.

F3: Following this transaction, Dr. Armstrong also holds the following securities: vested options (or options that will vest within 60 days) to purchase 10,860 shares of common stock that expire February 27, 2016; vested options to purchase 500 shares of common stock that expire November 11, 2015; unvested options to purchase 7,140 shares of common stock that expire February 27, 2016; unvested options to purchase 8,500 shares of common stock that expire on November 18, 2015; and unvested options to purchase 5,000 shares of common stock that expire on December 3, 2017.