Ascent Solar Technologies, Inc. — Director's Dealing 2016

May 24, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ascent Solar Technologies, Inc. (ASTI)
CIK: 0001350102
Period of Report: 2016-05-19

Reporting Person: Hian Lee Kong (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-19	Common Stock	A	600000	$0.00	Acquired	600000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-19	Common Stock Option (Right to Buy)	$0.06	A	200000	Acquired	2026-03-10	Common Stock (200000)	Direct

Footnotes

F1: Mr. Lee was granted 600,000 restricted stock units on March 10, 2016, subject to and contingent upon receipt of stockholder approval in accordance with Sections 9 and 10 of the Issuer's Restricted Stock Plan. The stockholders approved the restricted stock unit grant on May 19, 2016. Each unit represents a contingent right to receive one share of common stock of the Issuer. Restricted stock units vest as follows: 50% on September 10, 2016 and 50% on March 10, 2017.

F2: The option grant was approved by the Compensation Committee of Issuer's Board of Directors on June 18, 2015, subject to stockholder approval of the option grant. Issuer's stockholders approved the option grant on May 19, 2016.

F3: Upon approval of the option grant by Issuer's stockholders on May 19, 2016, the shares subject to the option grant vest as follows: 50% on March 10, 2017 and 50% on March 10, 2018.