AXT INC — Director's Dealing 2005

Jul 12, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2005-07-11

Reporting Person: Lin Minsheng (Chief Operating Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-07-11	Stock options (Right to buy)	$1.21	A	100000	Acquired	2015-07-11	Stock options (Right to buy) (100000)	Direct

Footnotes

F1: 25,000 shares to vest on 07/11/2006
75,000 shares to vest monthly by 07/11/2009