Ascent Solar Technologies, Inc. — Director's Dealing 2010

Feb 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ascent Solar Technologies, Inc. (ASTI)
CIK: 0001350102
Period of Report: 2010-02-03

Reporting Person: Misra Mohan (Director, Chief Strategy Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-03	Common Stock	M	55618	—	Acquired	489993	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-03	Restricted Stock Unit	$	A	55618	Acquired	2010-02-03	Common Stock (55618)	Direct
2010-02-03	Restricted Stock Unit	$	M	55618	Disposed	2010-02-03	Common Stock (55618)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	806000	Indirect

Footnotes

F1: Represents restricted stock units that vested on February 3, 2010. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

F2: Dr. Misra indirectly holds 806,000 shares of common stock held by ITN Energy Systems, Inc., which is wholly owned by Inica, Inc., a Colorado corporation that is owned by Dr. Misra and an immediate family member.

F3: Dr. Misra also directly holds the following derivative securities: vested options to purchase 50,000 shares of common stock that expire on November 18, 2015; vested options to purchase 40,000 shares of common stock that expire on December 2, 2018; unvested options to purchase 40,000 shares of common stock that expire on December 2, 2018; and 50,000 unvested restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.