- Statement of Changes in Beneficial Ownership (4)

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 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* SCHATZ DOUGLAS S & SCHATZ JILL E FAMILY TRUST	2. Issuer Name and Ticker or Trading Symbol ADVANCED ENERGY INDUSTRIES INC [ AEIS ]	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) PO BOX 481	3. Date of Earliest Transaction (MM/DD/YYYY) 12/28/2009
(Street) FORT COLLINS, CO 80522 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _ X _ 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/28/2009		S		100	D	$14.48	6920528 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		213	D	$14.48	6920315 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		3	D	$14.49	6920312 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		363	D	$14.55	6919949 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		100	D	$14.56	6919849 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		2600	D	$14.57	6917249 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		200	D	$14.5725	6917049 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		1700	D	$14.573	6915349 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		1300	D	$14.576	6914049 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		413	D	$14.58	6913636 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		370	D	$14.60	6913266 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		500	D	$14.604	6912766 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		30	D	$14.61	6912736 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		200	D	$14.6135	6912536 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		100	D	$14.615	6912436 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		600	D	$14.6212	6911836 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		100	D	$14.65	6911736 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		1400	D	$14.658	6910336 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		100	D	$14.66	6910236 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		1000	D	$14.6612	6909236 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		300	D	$14.668	6908936 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		300	D	$14.6685	6908636 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		184	D	$14.68	6908452 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		300	D	$14.6901	6908152 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		300	D	$14.6925	6907852 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		200	D	$14.694	6907652 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		300	D	$14.696	6907352 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		100	D	$14.698	6907252 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		200	D	$14.699	6907052 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Common Stock	12/28/2009		S		500	D	$14.70	6906552 ⁽¹⁾ ⁽²⁾ ⁽³⁾	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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:
( 1)	These shares are owned directly by Douglas S. Schatz & Jill E. Schatz Family Trust, a ten percent owner of the issuer, and indirectly by Douglas S. Schatz and Jill E. Schatz, co-trustees of the trust.
( 2)	Includes 26,350 shares of restricted stock units held directly by Douglas S. Schatz, who is a director of the Issuer.
( 3)	The Sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SCHATZ DOUGLAS S & SCHATZ JILL E FAMILY TRUST PO BOX 481 FORT COLLINS, CO 80522		X
SCHATZ DOUGLAS S P.O. BOX 481 FORT COLLINS, CO 80522	X
Schatz Jill E P.O. BOX 481 FORT COLLINS, CO 80522		X

Signatures
/S/ Thomas O. McGimpsey (Attorney-in-Fact)		12/29/2009
^** 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.
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