AXT INC — Director's Dealing 2008

Apr 8, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2008-04-07

Reporting Person: Cheung Wilson Wai-Shun (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-07	Common Stock	M	10000	$2.24	Acquired	10000	Direct
2008-04-07	Common Stock	S	10000	$5	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-07	Option to purchase Common Stock	$2.24	M	10000	Disposed	2014-05-17	Common Stock (10000)	Direct

Footnotes

F1: Common Stock sold by Mr. Cheung under 10b5-1 Plan of February 2008.