AXT INC — Director's Dealing 2006

Aug 4, 2006

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2006-07-31

Reporting Person: Cerilli John J (VP Global Sales & Marketing)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Options	$1.25	2015-08-29	Common Stock (35000)		Direct

Footnotes

F1: 25% to vest on August 29, 2006; the remaining options to vest monthly for the remaining 36 months.