FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Hong Kong Boone Group Ltd 		2. Issuer Name and Ticker or Trading Symbol

Ascent Solar Technologies, Inc. [ ASTI ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

ROOM 414, 4F, INTERNATIONAL PLAZA, 20 SHEUNG YUET ROAD, MONGKOK 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/5/2017
(Street)

KOWLOON, K3 999077
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   (1) 5/5/2017     C    200000000   A $0.0004   200000000   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series K Convertible Preferred Stock   (1) (2) $0.004   (2) 5/5/2017     P      800         (3) 5/5/2022   (4) Common Stock   200000000   $1000.00   800   (5) D    
Series K Convertible Preferred Stock   (1) $0.004   (2) 5/5/2017     C         800    5/5/2017   5/5/2022   (4) Common Stock   200000000   $0.00   0   (5) D    

Explanation of Responses:
(1)  On May 5, 2017, the reporting person (i) purchased 800 shares of Series K Convertible Preferred Stock for an aggregate purchase price of $800,000 and (ii) converted such preferred shares into common stock at the applicable conversion price of $0.004, which resulted in the reporting person receiving 200,000,000 shares of common stock upon such conversion. Accordingly, the 800 preferred shares are no longer outstanding.
(2)  The reporting person subscribed for 20,000 shares of the Company's newly designated Series K Convertible Preferred Stock on February 8, 2017. The preferred shares will be sold to the reporting person in multiple tranches over the period from February 24, 2017 through June 27, 2017. The Series K Preferred Stock is convertible into common stock at a fixed conversion price equal to $0.004. The Series K Preferred Stock may not be converted if the number of shares of common stock to be received by the reporting person would result in the reporting person beneficially owning more than 19.99% of all common stock then outstanding.
(3)  The Series K Convertible Preferred Stock is convertible immediately upon issue.
(4)  The Series K Convertible Preferred Stock is required to be redeemed five years after the initial date of issue.
(5)  The reporting person continues to have the right to acquire (beneficial ownership) of an additional 19,200 shares of the Company's newly designated Series K Convertible Preferred Stock pursuant to the stock purchase agreement of February 8, 2017 within the next 60 days. Any additional shares of Series K Preferred Stock acquired by the reporting person may not be converted if the number of shares of common stock to be received by the reporting person would result in the reporting person beneficially owning more than 19.99% of all common stock then outstanding.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Hong Kong Boone Group Ltd
ROOM 414, 4F, INTERNATIONAL PLAZA
20 SHEUNG YUET ROAD, MONGKOK
KOWLOON, K3 999077
X


Signatures
Hong Kong Boone Group Ltd. By: /s/ Song Liang, Director of the Reporting Person 5/9/2017
** 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 4(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Ascent Solar Technologies (PK) (USOTC:ASTI)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Ascent Solar Technologies (PK) Charts.
Ascent Solar Technologies (PK) (USOTC:ASTI)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Ascent Solar Technologies (PK) Charts.