Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
CUSIP No. 043635101 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 4) Under the Securities Exchange Act of 1934 Ascent Solar Technologies, Inc. (Name of Issuer) Common Stock, par value $0.0001 (Title of Class of Securities) 043635101 (CUSIP Number) Kathryn Klinedinst, Esq. Greenberg Glusker Fields Claman & Machtinger LLP 1900 Avenue of the Stars, Suite 2100 Los Angeles, CA 90067 (310) 201-7576 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 7, 2007 (Date of Event which Requires Filing of this Statement) If the reporting person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box / /. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7(b) for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1 CUSIP No. 043635101 (1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person David Gelbaum, Trustee, The Quercus Trust (2) Check the Appropriate Box if a Member of a Group (See Instructions) (A) /X/ (B) / / (3) SEC Use Only (4) Source of Funds (See Instructions) PF (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / / (6) Citizenship or Place of Organization U.S. (7) Sole Voting Power -0- Number of Shares (8) Shared Voting Power Beneficially Owned 933,347 by Each Reporting Person With (9) Sole Dispositive Power -0- (10) Shared Dispositive Power 933,347 (11) Aggregate Amount Beneficially Owned by Each Reporting Person 933,347 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / / (13) Percent of Class Represented by Amount in Row (11) 5.07 %(1) (14) Type of Reporting Person (See Instructions) IN - ------------------------- (1) Based on 18,420,102 shares of Common Stock, par value $0.0001 per share, as reported in the Issuer's Quarterly Report on Form 10-QSB filed on April 29, 2008 for the quarter period ended March 31, 2008 and Issuer's 8-K filed on May 21, 2008. 2 CUSIP No. 043635101 (1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Monica Chavez Gelbaum, Trustee, The Quercus Trust (2) Check the Appropriate Box if a Member of a Group (See Instructions) (A) /X/ (B) / / (3) SEC Use Only (4) Source of Funds (See Instructions) PF (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / / (6) Citizenship or Place of Organization U.S. (7) Sole Voting Power -0- Number of Shares (8) Shared Voting Power Beneficially Owned 933,347 by Each Reporting Person With (9) Sole Dispositive Power -0- (10) Shared Dispositive Power 933,347 (11) Aggregate Amount Beneficially Owned by Each Reporting Person 933,347 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / / (13) Percent of Class Represented by Amount in Row (11) 5.07%(1) (14) Type of Reporting Person (See Instructions) IN - ------------------------- (1) Based on 18,420,102 shares of Common Stock, par value $0.0001 per share, as reported in the Issuer's Quarterly Report on Form 10-QSB filed on April 29, 2008 for the quarter period ended March 31, 2008 and Issuer's 8-K filed on May 21, 2008. 3 CUSIP No. 043635101 (1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person The Quercus Trust (2) Check the Appropriate Box if a Member of a Group (See Instructions) (A) /X/ (B) / / (3) SEC Use Only (4) Source of Funds (See Instructions) PF (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / / (6) Citizenship or Place of Organization U.S. (7) Sole Voting Power -0- Number of Shares (8) Shared Voting Power Beneficially Owned 933,347 by Each Reporting Person With (9) Sole Dispositive Power -0- (10) Shared Dispositive Power 933,347 (11) Aggregate Amount Beneficially Owned by Each Reporting Person 933,347 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / / (13) Percent of Class Represented by Amount in Row (11) 5.07%(1) (14) Type of Reporting Person (See Instructions) OO - ------------------------- (1) Based on 18,420,102 shares of Common Stock, par value $0.0001 per share, as reported in the Issuer's Quarterly Report on Form 10-QSB filed on April 29, 2008 for the quarter period ended March 31, 2008 and Issuer's 8-K filed on May 21, 2008. 4 CUSIP No. 043635101 Item 1. This Amendment No. 4 to Schedule 13D (this "Amendment No. 4") amends and restates, where indicated, the statement on Schedule 13D relating to the Common Stock of the Issuer filed by The Quercus Trust, David Gelbaum and Monica Chavez Gelbaum (the "reporting persons") with the Securities and Exchange Commission on August 31, 2007 (the "Initial Schedule 13D"), as amended by Amendment No. 1 to Schedule 13D filed on September 10, 2007, Amendment No. 2 to Schedule 13D filed on September 14, 2007 and Amendment No. 3 to Schedule 13D filed on October 1, 2007. Capitalized terms used in this Amendment No. 4 but not otherwise defined herein have the meanings given to them in the Initial Schedule 13D or prior amendments thereto. This Amendment No. 4 is being made to disclose the disposition of shares (the "Shares") of Common Stock of the Issuer. Except as otherwise set forth herein, this Amendment No. 4 does not modify any of the information previously reported by the reporting persons in the Initial Schedule 13D or prior amendments thereto. Item 5. Interest in Securities of the Issuer (a) As of the date of this Amendment No. 4, each reporting person beneficially owns 933,347 shares of Common Stock, which are held of record by the Trust. (b) Each of David Gelbaum and Monica Chavez Gelbaum, acting alone, has the power to exercise voting and investment control over the shares of Common Stock owned by the Trust. (c) Since September 24, 2007, the Trust has sold shares of Common Stock in brokered transactions as follows: Date Number of Shares Price Per Share ---- ---------------- --------------- 2/26/2008 -18,014 $ 15.5418 2/27/2008 -14,839 $ 15.2382 6/11/2008 -43,192 $ 10.4096 6/12/2008 -23,692 $ 10.3843 6/16/2008 -27,000 $ 10.5200 7/3/2008 -6,550 $ 8.9100 7/7/2008 -69,870 $ 8.6600 7/8/2008 -41,123 $ 8.8000 7/9/2008 -57,521 $ 8.8400 7/10/2008 -37,415 $ 9.0600 7/11/2008 -33,773 $ 9.1500 7/14/2008 -27,685 $ 9.1500 7/15/2008 -32,176 $ 8.8600 7/16/2008 -39,412 $ 9.6300 7/17/2008 -39,025 $ 9.6500 7/18/2008 -23,323 $ 9.1000 7/21/2008 -22,010 $ 9.3100 7/22/2008 -17,513 $ 9.3000 7/23/2008 -22,766 $ 9.0900 7/24/2008 -22,128 $ 8.4900 7/25/2008 -18,335 $ 8.5300 7/28/2008 -16,322 $ 8.9400 7/29/2008 -21,857 $ 8.9400 7/30/2008 -21,486 $ 9.1600 7/31/2008 -30,219 $ 8.9000 8/4/2008 -20,386 $ 8.3700 8/5/2008 -19,457 $ 8.4200 8/6/2008 -16,837 $ 8.2800 5 CUSIP No. 043635101 (d) Not applicable. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer Pursuant to the Power of Attorney filed as Exhibit "B" to Amendment No. 1 to Schedule 13D filed on August 24, 2007 with respect to the issuer Emcore Corp., David Gelbaum has been appointed as Monica Chavez Gelbaum's Attorney-In-Fact. Item 7. Material to Be Filed as Exhibits Exhibit A: Agreement Regarding Joint Filing of Amendment No. 4 to Schedule 13D. 6 CUSIP No. 043635101 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct and agrees that this statement may be filed jointly with the other undersigned parties. Dated: August 7, 2008 /s/ David Gelbaum ----------------------------------------------- David Gelbaum, Co-Trustee of The Quercus Trust /s/ David Gelbaum, as Attorney-In-Fact for Monica Chavez Gelbaum ----------------------------------------------- Monica Chavez Gelbaum, Co-Trustee of The Quercus Trust /s/ David Gelbaum ----------------------------------------------- The Quercus Trust, David Gelbaum, Co-Trustee of The Quercus Trust 7 CUSIP No. 043635101 Exhibit A Agreement Regarding Joint Filing of Amendment No. 4 to Schedule 13D The undersigned agree that the Amendment No. 4 to Schedule 13D with respect to the Common Stock of Ascent Solar Technologies, Inc. is a joint filing being made on their behalf. Dated: August 7, 2008 /s/ David Gelbaum ----------------------------------------------- David Gelbaum, Co-Trustee of The Quercus Trust /s/ David Gelbaum, as Attorney-In-Fact for Monica Chavez Gelbaum ----------------------------------------------- Monica Chavez Gelbaum, Co-Trustee of The Quercus Trust /s/ David Gelbaum ----------------------------------------------- The Quercus Trust, David Gelbaum, Co-Trustee of The Quercus Trust