Ascent Solar Technologies, Inc. — Director's Dealing 2009

Aug 5, 2009

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Ascent Solar Technologies, Inc. (ASTI)
CIK: 0001350102
Period of Report: 2009-08-03

Reporting Person: Moghadam Farhad (President and CEO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (55000)		Direct
Restricted Stock Units	$		Common Stock (35000)		Direct
Common Stock Option (Right to Buy)	$0	2019-08-03	Common Stock (100000)		Direct
Common Stock Option (Right to Buy)	$0	2019-08-03	Common Stock (200000)		Direct

Footnotes

F1: Of the restricted stock units granted to Dr. Moghadam on August 3, 2009, 20,000 vested immediately. Pursuant to the award agreement and the Issuer's 2008 Restricted Stock Plan under which the award was made, 6,000 shares were retained by the Issuer for purposes of tax withholding, resulting in a net issuance of 14,000 shares.

F2: The restricted stock units vest in the following amounts on the following dates: 20,000 on August 3, 2011; 15,000 on August 3, 2012; and 20,000 on August 3, 2013.

F3: Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

F4: Up to 15,000 restricted stock units will vest on August 3, 2012, and up to 20,000 restricted stock units will vest on August 3, 2013, in each case the Issuer's Board of Directors or its Compensation Committee will determine the total amount to be vested based upon an evaluation of the Dr. Moghadam's performance relative to agreed upon performance criteria.

F5: The stock option vests in the following amounts on the following dates: 25% of the option vests on August 3, 2010; 25% of the option vests on August 3, 2011; 25% of the option vests on August 3, 2012; and 25% of the option vests on August 3, 2013.