Sec Form 4 Filing - Hong Kong Boone Group Ltd @ Ascent Solar Technologies, Inc. - 2017-05-05

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 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(h) of the Investment Company Act of 1940

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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/YY) 05/05/2017 (Street) KOWLOON, K3999077 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 ) 05/05/2017 C 200,000,000 A $ 0.0004 200,000,000 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 ) 05/05/2017 P 800 ( 3 ) 05/05/2022( 4 ) Common Stock 200,000,000 $ 1,000 800 ( 5 ) D Series K Convertible Preferred Stock ( 1 ) $ 0.004 ( 2 ) 05/05/2017 C 800 05/05/2017 05/05/2022( 4 ) Common Stock 200,000,000 $ 0 0 ( 5 ) D

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, K3999077 X Signatures Hong Kong Boone Group Ltd.By: /s/ Song Liang, Director of the Reporting Person 05/09/2017 Signature of Reporting Person Date

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.

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).

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