Edgar Filing: Ascent Solar Technologies, Inc.

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 ^*

Foster Matthew

2. Issuer Name and Ticker or Trading Symbol
Ascent Solar Technologies, Inc. [ASTI]

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

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

(Last)

(First)

(Middle)

C/O ASCENT SOLAR TECHNOLOGIES, INC., 8120 SHAFFER PARKWAY

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2008

(Street)

LITTLETON, CO 80127

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

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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	01/22/2008		M		5,000	A	$ 4.25	110,000	D
Common Stock	01/22/2008		S⁽¹⁾		100	D	$ 13.19	109,900	D
Common Stock	01/22/2008		S⁽¹⁾		1,100	D	$ 13.2	108,800	D
Common Stock	01/22/2008		S⁽¹⁾		1,200	D	$ 13.21	107,600	D
Common Stock	01/22/2008		S⁽¹⁾		400	D	$ 13.26	107,200	D
Common Stock	01/22/2008		S⁽¹⁾		100	D	$ 13.27	107,100	D
Common Stock	01/22/2008		S⁽¹⁾		1,000	D	$ 13.28	106,100	D
Common Stock	01/22/2008		S⁽¹⁾		1,100	D	$ 13.49	105,000	D
Common Stock								230 ⁽²⁾	I	By Spouse.

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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

Common Stock Option (Right to Buy)

$ 4.25

01/22/2008

5,000

03/31/2006⁽³⁾

02/27/2016

Common Stock

5,000

$ 4.25

37,144 ⁽⁴⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Foster Matthew C/O ASCENT SOLAR TECHNOLOGIES, INC. 8120 SHAFFER PARKWAY LITTLETON, CO 80127			President and CEO

Signatures

David C. Wang, as attorney-in-fact for Matthew B. Foster		01/25/2008
^**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)	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 2007.
(2)	Mr. Foster's spouse also holds 430 Class B warrants.
(3)	Of the remaining unvested options in this grant, options to purchase 14,286 shares vest on March 31, 2008 and September 30, 2008, and options to purchase 14,284 shares vest on March 31, 2009.
(4)	Following this transaction, Mr. Foster holds the following derivative securities: vested options to purchase 37,144 shares of common stock that expire February 27, 2016; vested options to purchase 10,000 shares of common stock that expire on November 18, 2015; unvested options to purchase 42,856 shares of common stock that expire February 27, 2016; unvested options to purchase 10,000 shares of common stock that expire on November 18, 2015; and unvested options to purchase 9,000 shares of common stock that expire on December 3, 2017.

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