AXT INC — Director's Dealing 2007

May 31, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2007-05-30

Reporting Person: CHANG DAVID C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-30	Common Stock	A	2652	—	Acquired	26835	Direct

Footnotes

F1: Represents grant of restricted stock award which vests in equal monthly installments over 12 months, commencing the last day of the month of the date of grant.