Daniel P. McGahn - Aug 5, 2021 Form 4 Insider Report for AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)

Role
Chairman, President and CEO, Director
Signature
/s/ Daniel P. McGahn
Stock symbol
AMSC
Transactions as of
Aug 5, 2021
Transactions value $
$447,189
Form type
4
Date filed
8/6/2021, 09:00 AM
Previous filing
Jul 6, 2021
Next filing
Nov 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMSC Common Stock Award $447K +35.7K +5.14% $12.54 730K Aug 5, 2021 Direct F1, F2
holding AMSC Common Stock 8.16K Aug 5, 2021 By 401(k) plan F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. McGahn elected to take his cash payout, net of applicable taxes and withholdings, under the terms of the American Superconductor Corporation (the "Company") fiscal 2020 executive incentive plan in immediately vested shares of the Company with an equal fair market value based on the August 5, 2021 closing price of the Company's common stock. This award of immediately vested shares of the Company was awarded to Mr. McGahn on August 5, 2021 and made in accordance with the Company's 2007 Stock Incentive Plan.
F2 Following all the transactions reported on this Form 4, the reporting person holds 729,776 shares directly.
F3 Following all the transactions reported on this Form 4, the reporting person holds 8,159 shares indirectly through the company's 401(k) plan as of August 6, 2021.