BROADWIND, INC. — Director's Dealing 2011

Mar 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROADWIND ENERGY, INC. (BWEN)
CIK: 0001120370
Period of Report: 2011-03-07

Reporting Person: KUSHNER STEPHANIE K (Exec. VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-07	Common Stock	A	117606	—	Acquired	189143	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-07	Stock Option (Right to Buy)	$1.35	A	149107	Acquired	2021-03-07	Common Stock (149107)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8110	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$9.99	2019-07-29	Common Stock (25000)	25000	Direct
Stock Option (Right to Buy)	$5.44	2020-03-09	Common Stock (53233)	53233	Direct

Footnotes

F1: Includes (i) 18,750 shares of restricted stock units that vest in 6,250 share increments on each of 7/29/11, 7/29/12 and 7/29/13 and (ii) 28,378 shares of restricted stock units that vest in 7,095 share increments on 3/9/11 and 3/9/12 and in 7,094 share increments on 3/9/13 and 3/9/14; and (iii) 117,606 shares of restricted stock units that vest 29,401 shares on 3/7/12, 29,402 shares on 3/7/13, 29,401 shares on 3/7/14 and 29,402 shares on 3/7/15.

F2: Between December 2009 and March 4, 2011, the reporting person acquired 8,110 shares of Company common stock under the Company's 401(k) plan. 2,287 of these shares were previously reported as direct holdings on the reporting persons's 3/11/10 and 7/30/10 filings, but are now being broken out and reported as an indirect holding.

F3: 6,250 shares vest on each of 7/29/10, 7/29/11, 7/29/12 and 7/29/13.

F4: 13,309 shares vest on 3/9/11 and 13,308 shares vest on each of 3/9/12, 3/9/13 and 3/9/14.

F5: 37,276 shares vest on 3/7/12 and 37,277 shares vest on 3/7/13, 3/7/14 and 3/7/15.