SCHEDULE 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURUSANT

TO § 240.13d-2

(Amendment No. 2)*

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

*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 the disclosures provided in a prior cover page.

 

The information required in 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⁾ Based upon (i) 71,579,659 shares outstanding as of September 8, 2015, as reported on Exhibit 99.1 to the Issuer’s Form 8-K dated September 9, 2015, (ii) 1,702,846 shares of Common Stock issuable upon conversion of shares of Series A Preferred Stock held by the reporting person, (iii) 262,500 shares of Common Stock issuable upon exercise of warrants held by the reporting person, (iv) 4,166,667 shares of Common Stock issuable upon conversion of a secured convertible promissory note held by the reporting person (such note is interest bearing at 8% accrued and compounded quarterly); and (v) 1,134,831 shares of Common Stock held by the reporting person (30,000 of which are held by Teambuild Construction Pte Ltd., of which the reporting person is a co-owner).

Ascent Solar Technologies, Inc.

 

17 Jalan Haji Salam

Singapore 468784

Not applicable.

The reporting person may be deemed to have beneficial ownership of 7,266,844 shares of Common Stock, which consist of (i) 1,702,846 shares of Common Stock issuable upon conversion of shares of Series A Preferred Stock held by the reporting person, (ii) 262,500 shares of Common Stock issuable upon exercise of warrants held by the reporting person, (iii) 4,166,667 shares of Common Stock issuable upon conversion of a secured convertible promissory note held by the reporting person; and (iv) 1,134,831 shares of Common Stock held by the reporting person (30,000 of which are held by Teambuild Construction Pte Ltd., of which the reporting person is a co-owner).

The reporting person may be deemed to have beneficial ownership of 9.35% of the Common Stock of the Issuer.  This calculation is based upon (i) 71,579,659 shares outstanding as of September 8, 2015, as reported on Exhibit 99.1 to the Issuer’s Form 8-K dated September 9, 2015, (ii) 1,702,846 shares of Common Stock issuable upon conversion of shares of Series A Preferred Stock held by the reporting person, (iii) 262,500 shares of Common Stock issuable upon exercise of warrants held by the reporting person, (iv) 4,166,667 shares of Common Stock issuable upon conversion of a secured convertible promissory note held by the reporting person (such note is interest bearing at 8% accrued and compounded quarterly); and (v) 1,134,831 shares of Common Stock held by the reporting person (30,000 of which are held by Teambuild Construction Pte Ltd., of which the reporting person is a co-owner).

(i)  Sole power to vote or direct the vote:  7,236,844

 

 

 

(ii)  Shared power to vote or direct the vote:    30,000

(iii)  Sole power to dispose or direct the disposition of:  7,236,844

(iv)  Shared power to dispose or direct the disposition of:    30,000

 

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

 

Not applicable.

 

Not applicable.

By signing below I certify that, to the best of knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.