Edgar Filing: DOUGLAS KEVIN

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

DOUGLAS KEVIN

2. Issuer Name and Ticker or Trading Symbol
AMERICAN SUPERCONDUCTOR CORP /DE/ [AMSC]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

125 E. SIR FRANCIS DRAKE BLVD., STE 400

3. Date of Earliest Transaction (Month/Day/Year)
04/04/2011

(Street)

LARKSPUR, CA 94939

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/04/2011		P		38,000	A	$ 24.67	1,912,664	D ⁽¹⁾
Common Stock	04/04/2011		P		31,350	A	$ 24.67	2,340,280	I ⁽²⁾ ⁽³⁾	By James Douglas and Jean Douglas Irrevocable Descendants' Trust
Common Stock	04/04/2011		P		16,150	A	$ 24.67	1,268,382	I ⁽²⁾ ⁽⁴⁾	By Douglas Family Trust
Common Stock	04/04/2011		P		9,500	A	$ 24.67	761,510	I ⁽²⁾ ⁽⁵⁾	By James E. Douglas III
Common Stock	04/05/2011		P		80,000	A	$ 24.91	1,992,664	D ⁽¹⁾
Common Stock	04/05/2011		P		66,000	A	$ 24.91	2,406,280	I ⁽²⁾ ⁽³⁾	By James Douglas and Jean Douglas Irrevocable Descendants' Trust
Common Stock	04/05/2011		P		34,000	A	$ 24.91	1,302,382	I ⁽²⁾ ⁽⁴⁾	By Douglas Family Trust
Common Stock	04/05/2011		P		20,000	A	$ 24.91	781,510	I ⁽²⁾ ⁽⁵⁾	By James E. Douglas III
Common Stock	04/06/2011		P		1,200,000	A	$ 14.27	3,192,664	D ⁽¹⁾
Common Stock	04/06/2011		P		990,000	A	$ 14.27	3,396,280	I ⁽²⁾ ⁽³⁾	By James Douglas and Jean Douglas Irrevocable Descendants' Trust
Common Stock	04/06/2011		P		510,000	A	$ 14.27	1,812,382	I ⁽²⁾ ⁽⁴⁾	By Douglas Family Trust
Common Stock	04/06/2011		P		300,000	A	$ 14.27	1,081,510	I ⁽²⁾ ⁽⁵⁾	By James E. Douglas III

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
DOUGLAS KEVIN 125 E. SIR FRANCIS DRAKE BLVD., STE 400 LARKSPUR, CA 94939		X
Douglas Michelle 125 E. SIR FRANCIS DRAKE BLVD., STE 400 LARKSPUR, CA 94939		X
DOUGLAS FAMILY TRUST 125 E. SIR FRANCIS DRAKE BLVD., STE 400 LARKSPUR, CA 94939		X
JAMES & JEAN DOUGLAS IRREVOCABLE DESCENDANTS TRUST 125 E. SIR FRANCIS DRAKE BLVD., STE 400 LARKSPUR, CA 94939		X
DOUGLAS JAMES E III 125 E. SIR FRANCIS DRAKE BLVD., STE 400 LARKSPUR, CA 94939		X

Signatures

/s/ Eileen Davis-Wheatman, attorney in fact for Kevin Douglas		04/06/2011
^**Signature of Reporting Person		Date
/s/ Eileen Davis-Wheatman, attorney in fact for Michelle Douglas		04/06/2011
^**Signature of Reporting Person		Date
/s/ Eileen Davis-Wheatman, attorney in fact for Douglas Family Trust		04/06/2011
^**Signature of Reporting Person		Date
/s/ Eileen Davis-Wheatman, attorney in fact for James Douglas and Jean Douglas Irrevocable Descendants' Trust		04/06/2011
^**Signature of Reporting Person		Date
/s/ Eileen Davis-Wheatman, attorney in fact for James E. Douglas III		04/06/2011
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	These shares are held directly and jointly by Kevin Douglas and Michelle Douglas, husband and wife.
(2)	The reporting persons are filing this Form 4 jointly, but not as members of a group, and each expressly disclaims membership in a group. The filing of this Form 4 should not be construed as an admission that any reporting person is, and each such person disclaims that that such person is, the beneficial owner, as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended, of any of the securities covered by this Form 4, except for securities that such person holds directly.
(3)	These shares are held directly by the James Douglas and Jean Douglas Irrevocable Descendants' Trust and indirectly by Kevin Douglas and Michelle Douglas as co-trustees of the James Douglas and Jean Douglas Irrevocable Descendants' Trust.
(4)	These shares are held directly by the Douglas Family Trust and indirectly by Kevin Douglas, James E. Douglas, Jr. and Jean A. Douglas, husband and wife, as co-trustees of the Douglas Family Trust.
(5)	These shares are held direcly by James E. Douglas III and indirectly by Kevin Douglas.

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