SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* STANKIEWICZ CHARLES W (Last) (First) (Middle) TWO TECHNOLOGY DRIVE (Street) WESTBOROUGH MA 01581 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 03/01/2006	3. Issuer Name and Ticker or Trading Symbol AMERICAN SUPERCONDUCTOR CORP /DE/ [ AMSC ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) SVP, AMSC Power Systems	5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	10,000	D
Common Stock	2,696(1)	I	By 401(k) Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	07/06/1999(2)	07/06/2008	Common Stock	45,000	12.063	D
Stock Option (Right to Buy)	04/20/2000(3)	04/20/2009	Common Stock	26,000	10.75	D
Stock Option (Right to Buy)	04/11/2001(4)	04/11/2010	Common Stock	15,000	25.625	D
Stock Option (Right to Buy)	04/27/2002(5)	04/27/2011	Common Stock	5,000	15.19	D
Stock Option (Right to Buy)	04/23/2003(6)	04/23/2012	Common Stock	20,000	7.81	D
Stock Option (Right to Buy)	05/09/2004(7)	05/09/2013	Common Stock	13,433	3.53	D
Stock Option (Right to Buy)	05/06/2005(8)	05/06/2014	Common Stock	6,000	12.8	D

Explanation of Responses:

1. The reporting person holds 2,696 shares indirectly through the company's 401(k) plan as of December 31, 2005.

2. The options are vested with respect to 45,000 shares.

3. The options are vested with respect to 26,000 shares.

4. The options are vested with respect to 15,000 shares.

5. The options are vested with respect to 4,000 shares. The remaining 1,000 shares vest on 4/27/06.

6. The options are vested with respect to 12,000 shares. The remaining 8,000 shares vest in two equal annual installments beginning on 4/23/06.

7. The options are vested with respect to 100 shares. The remaining 13,333 shares vest on 5/9/06.

8. The options are vested with respect to 2,000 shares. The remaining 4,000 shares vest in two equal annual installments beginning on 5/6/06.

	Charles W. Stankiewicz	03/03/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
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