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: Collins Jesse E. Jr. (Executive VP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-07	Common Stock	A	73944	—	Acquired	175622	Direct
2011-03-09	Common Stock	F	1260	$1.37	Disposed	174362	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	93750	Acquired	2021-03-07	Common Stock (93750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6662	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$17.80	2018-08-08	Common Stock (75000)	75000	Direct
Stock Option (Right to Buy)	$7.78	2019-04-29	Common Stock (23943)	23943	Direct
Stock Option (Right to Buy)	$5.44	2020-03-09	Common Stock (30819)	30819	Direct

Footnotes

F1: The reporting person has elected to satisfy his tax withholding obligation in connection with the restricted stock unit grant by directing the Company to withhold shares otherwise issuable pursuant to the grant.

F2: Includes (i) 15,000 shares of restricted stock units that vest in 5,000 share increments on each of 10/17/11, 10/17/12 and 10/17/13; (ii) 8,614 shares of restricted stock units that vest in 2,872 share increments on 4/29/11 and in 2,871 share increments on 4/29/12 and 4/29/13; (iii) 16,429 shares of restricted stock units that vest in 4,108 share increments on 3/9/11 and in 4,107 share increments on each of 3/9/12, 3/9/13 and 3/9/14; (iv) 40,000 shares of restricted stock units that vest in 10,000 share increments on each of 9/9/11, 9/9/12, 9/9/13 and 9/9/14; and (v) 73,944 shares of restricted stock units that vest in 18,486 share increments on each of 3/7/12, 3/7/13, 3/7/14 and 3/7/15.

F3: Between December 2009 and March 4, 2011, the reporting person acquired 6,662 shares of Company common stock under the Company's 401(k) plan. 1,937 of these shares were previously reported as direct holdings on the reporting persons's 3/11/10, 5/3/10 and 9/13/10 filings, but are now being broken out and reported as an indirect holding.

F4: 15,000 shares vest on each of 8/8/09, 8/8/10, 8/8/11, 8/8/12 and 8/8/13.

F5: 5,986 shares vest on each of 4/29/10, 4/29/11 and 4/29/12 and 5,985 shares vest on 4/29/13.

F6: 7,705 shares vest on 3/9/11, 3/9/12 and 3/9/13 and 7,704 shares vest on 3/9/14.

F7: 23,437 shares vest on 3/7/12, 23,438 shares vest on 3/7/13, 23,437 shares vest on 3/7/14 and 23,438 shares vest on 3/7/15.