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
                                                                                  
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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 *

DEUTCH PHILIP J
2. Issuer Name and Ticker or Trading Symbol

SATCON TECHNOLOGY CORP [ SATC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

1700 K STREET NW, SUITE 750
3. Date of Earliest Transaction (MM/DD/YYYY)

10/3/2009
(Street)

WASHINGTON, DC 20006
(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

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
Warrant to purchase Common Stock   $1.66   (1) 6/30/2010     A      98454       6/30/2010   6/30/2017   Common Stock   98454     (3) 19113344   (4) I   (2) See Footnote   (2)
Warrant to purchase Common Stock   $1.66   (1) 3/31/2010     A      62970       3/31/2010   3/31/2017   Common Stock   62970     (3) 18895027   (5) I   (2) See Footnote   (2)
Warrant to purchase Common Stock   $1.66   (1) 12/31/2009     A      19354       12/31/2009   12/31/2016   Common Stock   19354     (3) 18713511   (6) I   (2) See Footnote   (2)
Warrant to purchase Common Stock   $1.66   (1) 10/3/2009     A      7164       10/3/2009   10/3/2016   Common Stock   7164     (3) 18576928   (7) I   (2) See Footnote   (2)

Explanation of Responses:
( 1)  The Warrants to purchase Common Stock feature a cashless exercise provision and are subject to anti-dilution adjustments as set forth in the Form of Tranche 2 Warrant and Additional Warrant (incorporated in this Form 4 by reference to Exhibit 10.5 of the Current Report on Form 8-K filed by SatCon on November 14, 2007), as amended by that certain Agreement to Amend Warrants dated July 3, 2009 (incorporated in this Form 4 by reference to Exhibit 10.2 of the Current Report on Form 8-K filed by SatCon on July 8, 2009).
( 2)  The Warrants to purchase Common Stock are held by NGP Energy Technology Partners, L.P. NGP ETP, L.L.C. is the general partner of NGP Energy Technology Partners, L.P. Energy Technology Partners, L.L.C. is the manager of NGP ETP, L.L.C. Philip J. Deutch is the manager of Energy Technology Partners, L.L.C. By virtue of this relationship, Mr. Deutch may be deemed to beneficially own the shares held by NGP Energy Technology Partners, L.P. Mr. Deutch disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
( 3)  The Warrants to purchase Common Stock were received pursuant to the terms of a Stock and Warrant Purchase Agreement dated November 8, 2007 (incorporated in this Form 4 by reference to Exhibit 10.3 of the Current Report on Form 8-K filed by SatCon on November 14, 2007) upon the exercise of certain of SatCon's existing warrants as more fully described in the Form 8-K filed by SatCon on November 14, 2007.
( 4)  Includes 9,615,384 shares of Common Stock issuable upon conversion of 10,000 shares of Series C convertible Preferred Stock, 1,238,409 shares issuable upon the conversion of $1,287,945 related to accrued dividends on the Series C convertible Preferred Stock and 8,259,551 shares of Common Stock issuable upon the exercise of warrants, which preferred stock and warrants are directly owned
( 5)  Includes 9,615,384 shares of Common Stock issuable upon conversion of 10,000 shares of Series C convertible Preferred Stock, 1,118,546 shares issuable upon the conversion of $1,163,288 related to accrued dividends on the Series C convertible Preferred Stock and 8,161,097 shares of Common Stock issuable upon the exercise of warrants, which preferred stock and warrants are directly owned
( 6)  Includes 9,615,384 shares of Common Stock issuable upon conversion of 10,000 shares of Series C convertible Preferred Stock, 1,000,000 shares issuable upon the conversion of $1,040,000 related to accrued dividends on the Series C convertible Preferred Stock and 8,098,127 shares of Common Stock issuable upon the exercise of warrants, which preferred stock and warrants are directly owned
( 7)  Includes 9,615,384 shares of Common Stock issuable upon conversion of 10,000 shares of Series C convertible Preferred Stock, 882,771 shares issuable upon the conversion of $918,082 related to accrued dividends on the Series C convertible Preferred Stock and 8,078,773 shares of Common Stock issuable upon the exercise of warrants, which preferred stock and warrants are directly owned

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DEUTCH PHILIP J
1700 K STREET NW
SUITE 750
WASHINGTON, DC 20006
X X


Signatures
/s/ Philip J. Deutch 7/12/2010
** 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.
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