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

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ascent Solar Technologies, Inc. (ASTI)
CIK: 0001350102
Period of Report: 2008-02-01

Reporting Person: Russell TW Fraser (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-01	Common Stock	S	29	$15.49	Disposed	8511	Direct
2008-02-01	Common Stock	S	57	$15.50	Disposed	8454	Direct
2008-02-01	Common Stock	S	57	$15.51	Disposed	8397	Direct
2008-02-01	Common Stock	S	85	$15.52	Disposed	8312	Direct
2008-02-01	Common Stock	S	200	$15.54	Disposed	8112	Direct
2008-02-01	Common Stock	S	56	$15.56	Disposed	8056	Direct
2008-02-01	Common Stock	S	56	$15.57	Disposed	8000	Direct
2008-02-05	Common Stock	M	8000	$.10	Acquired	16000	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-05	Common Stock (Right to Buy)	$.10	M	8000	Disposed	2015-11-18	Common Stock (8000)	Direct

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 31, 2007.

F2: Options to purchase 8,000 shares vest on each of December 31, 2005, 2006, 2007 and 2008.

F3: Dr. Russell holds unvested options to purchase 8,000 shares of common stock that expire on November 18, 2015.