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

Jan 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ascent Solar Technologies, Inc. (ASTI)
CIK: 0001350102
Period of Report: 2009-12-31

Reporting Person: Russell TW Fraser (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-31	Common Stock	M	3058	—	Acquired	29782	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-12-31	Restricted Stock Units	$	M	3058	Disposed		Common Stock (3058)	Direct
2010-01-01	Restricted Stock Units	$	A	7168	Acquired		Common Stock (7168)	Direct

Footnotes

F1: Represents restricted stock units that vested on December 31, 2009. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

F2: In addition to the restricted stock units, Dr. Russell holds vested options to purchase 8,000 shares of common stock that expire November 18, 2015.

F3: These newly granted restricted stock units vest quarterly in 2010. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.