AXT INC — Director's Dealing 2005

Mar 8, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Zhang Davis (President China Operations)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-13	Incentive Stock Options	$1.18	A	50000	Acquired	2014-08-13	Incentive Stock (50000)	Direct