X0303 4 2011-03-22 0 0000880807 AMERICAN SUPERCONDUCTOR CORP /DE/ AMSC 0001132859 DOUGLAS KEVIN 125 E. SIR FRANCIS DRAKE BLVD., STE 400 LARKSPUR CA 94939 0 0 1 0 0001348445 Douglas Michelle 125 E. SIR FRANCIS DRAKE BLVD., STE 400 LARKSPUR CA 94939 0 0 1 0 0001268474 DOUGLAS FAMILY TRUST 125 E. SIR FRANCIS DRAKE BLVD., STE 400 LARKSPUR CA 94939 0 0 1 0 0001268475 JAMES & JEAN DOUGLAS IRREVOCABLE DESCENDANTS TRUST 125 E. SIR FRANCIS DRAKE BLVD., STE 400 LARKSPUR CA 94939 0 0 1 0 0001268476 DOUGLAS JAMES E III 125 E. SIR FRANCIS DRAKE BLVD., STE 400 LARKSPUR CA 94939 0 0 1 0 Common Stock 2011-03-22 4 P 0 40000 23.41 A 1825864 D Common Stock 2011-03-22 4 P 0 33000 23.41 A 2268670 I By James Douglas and Jean Douglas Irrevocable Descendants' Trust Common Stock 2011-03-22 4 P 0 17000 23.41 A 1231492 I By Douglas Family Trust Common Stock 2011-03-22 4 P 0 10000 23.41 A 739810 I By James E. Douglas III Common Stock 2011-03-23 4 P 0 48800 23.35 A 1874664 D Common Stock 2011-03-23 4 P 0 40260 23.35 A 2308930 I By James Douglas and Jean Douglas Irrevocable Descendants' Trust Common Stock 2011-03-23 4 P 0 20740 23.35 A 1252232 I By Douglas Family Trust Common Stock 2011-03-23 4 P 0 12200 23.35 A 752010 I By James E. Douglas III These shares are held directly and jointly by Kevin Douglas and Michelle Douglas, husband and wife. 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. 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. 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. These shares are held direcly by James E. Douglas III and indirectly by Kevin Douglas. /s/ Tim McGaw, attorney in fact for Kevin Douglas 2011-03-24 /s/ Tim McGaw, attorney in fact for Michelle Douglas 2011-03-24 /s/ Tim McGaw, attorney in fact for Douglas Family Trust 2011-03-24 /s/ Tim McGaw, attorney in fact for James Douglas and Jean Douglas Irrevocable Descendants' Trust 2011-03-24 /s/ Tim McGaw, attorney in fact for James E. Douglas III 2011-03-24