AXT INC — Director's Dealing 2010

Mar 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2010-02-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-26	Common Stock	M	11582	$1.25	Acquired	11582	Direct
2010-02-26	Common stock	S	11582	$3.50	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-26	Common Stock	$1.25	M	11582	Acquired	2015-08-29	Common stock (11582)	Direct