American Superconductor: Is it a Good Thing When an Insider BUYS $6.5 Million Worth of Stock? (AMSC)

A quick hit from SEC Form 4:

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 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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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) __ X __ Other (specify below) 13(d)(3) group (Last) (First) (Middle) 125 E. SIR FRANCIS DRAKE BLVD., STE 400 3. Date of Earliest Transaction (MM/DD/YY) 07/23/2010 (Street) LARKSPUR, CA   94939 4. If Amendment, Date Original Filed(MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Common Stock 07/23/2010   P   20,000 A $ 31.28 2,049,328 D ( 1 ) ( 2 )   Common Stock 07/23/2010   P   16,500 A $ 31.28 1,368,430 I ( 2 ) ( 3 ) By Jean Douglas and James Douglas Irrevocable Descendats' Trust Common Stock 07/23/2010   P   8,500 A $ 31.28 767,732 I ( 2 ) ( 4 ) By Douglas Family Trust Common Stock 07/23/2010   P   5,000 A $ 31.28 467,010 I ( 2 ) ( 5 ) By James E Douglas III Common Stock 07/26/2010   P   52,000 A $ 32.21 2,101,328 D ( 1 ) ( 2 )   Common Stock 07/26/2010   P   42,900 A $ 32.21 1,411,330 I ( 2 ) ( 3 ) By Jean Douglas and James Douglas Irrevocable Descendats' Trust Common Stock 07/26/2010   P   22,100 A $ 32.21 789,832 I ( 2 ) ( 4 ) By Douglas Family Trust Common Stock 07/26/2010   P   13,000 A $ 32.21 480,010 I ( 2 ) ( 5 ) By James E Douglas III Common Stock 07/27/2010   P   8,000 A $ 32.61 2,109,328 D ( 1 ) ( 2 )   Common Stock 07/27/2010   P   6,600 A $ 32.61 1,417,930 I ( 2 ) ( 3 ) By Jean Douglas and James Douglas Irrevocable Descendats' Trust Common Stock 07/27/2010   P   3,400 A $ 32.61 793,232 I ( 2 ) ( 4 ) By Douglas Family Trust Common Stock 07/27/2010   P   2,000 A $ 32.61 482,010 I ( 2 ) ( 5 ) By James E Douglas III