AXT INC — Director's Dealing 2004

Oct 13, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2004-08-13

Reporting Person: Tatzin Donald L (Director, Interim CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-13	Incentive Stock Options	$1.1800	A	60000	Acquired	2014-08-13	Incentive Stock Options (60000)	Direct

Footnotes

F1: 25% to vest on August 13, 2005; the remaining options to vest monthly for the remaining 36 months.