Daniel P. McGahn - Jun 15, 2023 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
Jun 15, 2023
Transactions value $
$0
Form type
4
Date filed
6/20/2023, 04:23 PM
Previous filing
Dec 19, 2022
Next filing
Jun 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMSC Common Stock Award $0 +250K +26.5% $0.00 1.19M Jun 15, 2023 Direct F1
transaction AMSC Common Stock Disposed to Issuer $0 -4.84K -0.41% $0.00 1.19M Jun 15, 2023 Direct F2, F3
holding AMSC Common Stock 11K Jun 15, 2023 By 401(k) plan F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock award was granted on June 15, 2023. The award will vest as follows: (a) 100,000 shares will vest in three equal annual installments beginning June 10, 2024, and (b) 150,000 shares will vest upon the achievement of specified performance objectives.
F2 Represents 4,839 shares out of a total of 150,000 shares of restricted stock that were awarded on May 21, 2020 and would vest upon American Superconductor Corporation's (the "Company") achievement of specified performance objectives. On June 15, 2023, the Board of Directors of the Company certified that maximum-level performance was achieved with respect to the cumulative organic Grid revenues performance objective and between target-level and maximum-level performance was achieved with respect to the cumulative organic total revenues performance objective. As a result, these shares have been forfeited to the Company.
F3 Following all the transactions reported on this Form 4, the reporting person holds 1,188,384 shares directly.
F4 Following all the transactions reported on this Form 4, the reporting person holds 10,992 shares indirectly through the Company's 401(k) plan as of June 20, 2023.