Ascent Solar Technologies, Inc. — Major Shareholding Notification 2009

Feb 12, 2009

SC 13G/A 1 a09-5075_1sc13ga.htm SC 13G/A

| UNITED

STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934 (Amendment No. 3)*

ASCENT SOLAR TECHNOLOGIES, INC.

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

043635 10 1

(CUSIP Number)

December 31, 2008

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o	Rule 13d-1(b)
o	Rule 13d-1(c)
x	Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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| CUSIP No. 043635 10 1 — (1) | Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only): ITN Energy Systems, Inc. | | | --- | --- | --- | | (2) | Check the Appropriate Box if a Member of a Group (See Instructions): | | | | (a) | o | | | (b) | x | | (3) | SEC Use Only: | | | (4) | Citizenship or Place of Organization: Colorado | | | Number of Shares Beneficially Owned by Each Reporting Person With: | (5) | Sole Voting Power: 806,000 | | | (6) | Shared Voting Power: -0- | | | (7) | Sole Dispositive Power: 806,000 | | | (8) | Shared Dispositive Power: -0- | | (9) | Aggregate Amount Beneficially Owned by Each Reporting Person: 806,000 | | | (10) | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): N/A | | | (11) | Percent of Class Represented by Amount in Row (9): 3.8%* | | | (12) | Type of Reporting Person (See Instructions): CO | |

*Based upon 20,938,049 shares of the Issuer’s common stock outstanding as of November 5, 2008, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 10, 2008.

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| CUSIP No. 043635 10 1 — (1) | Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only): Inica, Inc. | | | --- | --- | --- | | (2) | Check the Appropriate Box if a Member of a Group (See Instructions): | | | | (a) | o | | | (b) | x | | (3) | SEC Use Only: | | | (4) | Citizenship or Place of Organization: Colorado | | | Number of Shares Beneficially Owned by Each Reporting Person With: | (5) | Sole Voting Power: 806,000 | | | (6) | Shared Voting Power: -0- | | | (7) | Sole Dispositive Power: 806,000 | | | (8) | Shared Dispositive Power: -0- | | (9) | Aggregate Amount Beneficially Owned by Each Reporting Person: 806,000 | | | (10) | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): N/A | | | (11) | Percent of Class Represented by Amount in Row (9): 3.8%* | | | (12) | Type of Reporting Person (See Instructions): CO | |

*Based upon 20,938,049 shares of the Issuer’s common stock outstanding as of November 5, 2008, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 10, 2008.

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| CUSIP No. 043635 10 1 — (1) | Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only): Mohan S. Misra | | | --- | --- | --- | | (2) | Check the Appropriate Box if a Member of a Group (See Instructions): | | | | (a) | o | | | (b) | x | | (3) | SEC Use Only: | | | (4) | Citizenship or Place of Organization: United States of America | | | Number of Shares Beneficially Owned by Each Reporting Person With: | (5) | Sole Voting Power: 455,000 | | | (6) | Shared Voting Power: 806,000 | | | (7) | Sole Dispositive Power: 455,000 | | | (8) | Shared Dispositive Power: 806,000 | | (9) | Aggregate Amount Beneficially Owned by Each Reporting Person: 1,261,000 | | | (10) | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): N/A | | | (11) | Percent of Class Represented by Amount in Row (9): 6.0%* | | | (12) | Type of Reporting Person (See Instructions): IN | |

*Based upon 20,938,049 shares of the Issuer’s common stock outstanding as of November 5, 2008, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 10, 2008.

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| Item 1 | (a) | Name of Issuer: Ascent Solar Technologies, Inc. | | | --- | --- | --- | --- | | | (b) | Address of Issuer’s Principal Executive Offices: 8120 Shaffer Parkway Littleton, Colorado 80127 | | | Item 2 | | | | | | (a) | Name of Person Filing: ITN Energy Systems, Inc. Inica, Inc. Mohan S. Misra | | | | (b) | Address of Principal Business Office or, if none, Residence: ITN Energy Systems, Inc. Inica, Inc. Mohan S. Misra 8130 Shaffer Parkway Littleton, Colorado 80127 | | | | (c) | Citizenship: ITN Energy Systems, Inc. — Colorado Inica, Inc. — Colorado Mohan Misra — United States | | | | (d) | Title of Class of Securities: Common Stock | | | | (e) | CUSIP Number: 043635 10 1 | | | Item 3 | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | | | | | (a) | o | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | | | (b) | o | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | | | (c) | o | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | | | (d) | o | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | | | (e) | o | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | | | (f) | o | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | | | (g) | o | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); | | | (h) | o | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | | | (i) | o | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | | | (j) | o | Group, in accordance with §240.13d-1(b)(1)(ii)(J). |

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Item 4	Ownership.
Provide
the following information regarding the aggregate number and percentage of
the class of securities of the issuer identified in Item 1.
	(a)	Amount
beneficially owned: ITN Energy Systems, Inc.
— 806,000 Inica, Inc. — 806,000 Mohan S. Misra — 1,261,000
	(b)	Percent
of class: ITN
Energy Systems, Inc. — 3.8% Inica, Inc. — 3.8% Mohan S. Misra — 6.0%
	(c)	Number
of shares as to which the person has:
		(i)	Sole
power to vote or to direct the vote ITN Energy
Systems, Inc. — 806,000 Inica, Inc.
— 806,000 Mohan S.
Misra — 455,000
		(ii)	Shared
power to vote or to direct the vote ITN Energy
Systems, Inc. — 0 Inica, Inc.
— 0 Mohan S.
Misra — 806,000
		(iii)	Sole
power to dispose or to direct the disposition of ITN Energy
Systems, Inc. — 806,000 Inica, Inc.
— 806,000 Mohan S.
Misra — 455,000
		(iv)	Shared
power to dispose or to direct the disposition of ITN Energy
Systems, Inc. — 0 Inica, Inc.
— 0 Mohan S.
Misra — 806,000
Item 5	Ownership
of Five Percent or Less of a Class.
If this statement is being
filed to report the fact that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five percent of the class of
securities, check the following: x This amended statement on
Schedule 13G is being filed to report Mohan S. Misra’s beneficial ownership
as of the date hereof, and to report that as of the date hereof ITN Energy
Systems, Inc. and Inica, Inc. have ceased to be the beneficial
owners of more than five percent of the Issuer’s Common Stock. This amended statement also provides notice
of dissolution of a group. Please see
Item 9 hereto.
Item 6	Ownership
of More than Five Percent on Behalf of Another Person.
	N/A
Item 7	Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company.
	N/A
Item 8	Identification
and Classification of Members of the Group.
	N/A
Item 9	Notice of
Dissolution of Group.
	Please see Exhibit B to this amended
statement on Schedule 13G.

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Item 10
N/A

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

| February 9,

2009
ITN
ENERGY SYSTEMS, INC.
By:	/s/ Mohan
S. Misra
Name:	Mohan
S. Misra
Title:	President
INICA,
INC.
By:	/s/ Mohan
S. Misra
Name:	Mohan
S. Misra
Title:	President
/s/ Mohan
S. Misra
Mohan
S. Misra

7

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EXHIBIT A

AGREEMENT OF JOINT FILING

The undersigned hereby agree that they are filing jointly pursuant to Rule 13d-1 of the Securities Exchange Act of 1934 an amended statement on Schedule 13G, containing the information required by Schedule 13G, for shares of the common stock of Ascent Solar Technologies, Inc. beneficially owned by ITN Energy Systems, Inc., Inica, Inc. and Mohan S. Misra , and such other holdings as may be reported therein.

| Dated: February 9,

2009
ITN
ENERGY SYSTEMS, INC.
By:	/s/ Mohan S. Misra
Name:	Mohan
S. Misra
Title:	President
INICA,
INC.
By:	/s/ Mohan S. Misra
Name:	Mohan
S. Misra
Title:	President
/s/ Mohan S. Misra
Mohan
S. Misra

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EXHIBIT B

NOTICE OF DISSOLUTION OF GROUP

Notice is hereby given that, effective upon the filing of this amended statement on Schedule 13G, the undersigned group will dissolve and all further filings with respect to the transactions in shares of the common stock of Ascent Solar Technologies, Inc. will be filed, if required, by members of the group, in their individual capacity.

| Dated: February 9,

2009
ITN
ENERGY SYSTEMS, INC.
By:	/s/ Mohan S. Misra
Name:	Mohan
S. Misra
Title:	President
INICA,
INC.
By:	/s/ Mohan S. Misra
Name:	Mohan
S. Misra
Title:	President
/s/ Mohan S. Misra
Mohan
S. Misra

9

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