AXT INC — Director's Dealing 2008

Feb 29, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2008-02-29

Reporting Person: Ochrym Robert G (VP Business Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-29	Common Stock	M	15000	$1.32	Acquired	17500	Direct
2008-02-29	Common Stock	S	15000	$5.5	Disposed	2500	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-29	Option to purchase Common Stock	$1.32	M	15000	Disposed	2015-06-01	Common Stock (15000)	Direct

Footnotes

F1: 2,500 shares of common stock held by Mr. Ochrym's son Brian Ochrym.