FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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*
Conroy Joseph P
(Last)(First)(Middle)
2956 WATERVIEW DRIVE
(Street)
ROCHESTER HILLSMI48309
(City)(State)(Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/26/2008		3. Issuer Name and Ticker or Trading Symbol
ENERGY CONVERSION DEVICES INC [ENER]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr Vice President - Operations
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 10,880
D
 
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)4. Conversion or Excercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-Qualified Stock Option (right to buy)  (1)12/24/2017 Common Stock 15,000 $ 35.45 D  
Non-Qualified Stock Option (right to buy)  (2)08/26/2018 Common Stock 1,430 $ 76.74 D  
Explanation of Responses:
1. This option becomes exercisable as to 40% of the underlying shares one year after the date of grant and as to 20% of the underlying shares after each of the second, third and fourth years of grant.
2. Consists of options granted for FY 2008 under the Company's 2006 Stock Incentive Plan. The options vest over four years with 25% vesting one year after grant and 25% each year thereafter, subject to early vesting in accordance with the terms of the Stock Incentive Plan or the Executive Severance Plan, as applicable.
 
Remarks:
Of�the�10,880�shares�of�common�stock,�10,000�shares�are�restricted�stock�awards�(RSAs)�and�880�shares�are�restricted�stock�units�(RSUs)�for�FY�2008�granted�under�the�Company's�2006�Stock�Incentive�Plan.��The�RSAs�vest�on�Dec.�24,�2010;�the�RSUs�settle�on�a�one-for�one�in�shares�of�Company�common�stock�and�vest�on�Aug.�26,�2011.��The�RSAs�and�RSUs�are�subject�to�early�vesting�in�accordance�with�the�terms�of�the�Stock�Incentive�Plan�or�the�Executive�Severance�Plan,�as�applicable.
Joseph Conroy09/03/2008
** Signature of Reporting PersonDate
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 5(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 Number.



 
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