AXT INC — Director's Dealing 2007

Dec 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2007-12-01

Reporting Person: Wei Chia Li (Chief Technology Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-01	Stock Options (right to buy)	$4.39	A	55000	Acquired	2017-12-01	Common Stock (55000)	Direct

Footnotes

F1: Vesting of each option commenced on December 1, 2007, the date of grant, and continues over four years at the rate of 1/4 on the one-year anniversary of the date of grant, and 1/48 per month thereafter.