X0303 4 2008-11-18 0 0000032878 ENERGY CONVERSION DEVICES INC ENER 0001288608 Frey Robert I 2956 WATERVIEW DRIVE ROCHESTER HILLS MI 48309 1 0 0 0 Restricted Stock Units 2008-11-18 4 A 0 2508 0 A Common Stock 2508 2508 D Each restricted stock unit (RSU) represents a right to receive one deferred stock unit (DSU). DSUs are convertible, on a one-for-one basis, for shares of ECD common stock. The RSUs represent a portion of the 2009 outside director compensation granted under ECD's 2006 Stock Incentive Plan. The RSUs vest ratably over the annual director term and convert into DSUs upon last day of the annual director term to be paid out as common stock on the date the outside director's status as a director terminates. Robert I. Frey 2008-11-19