AXT INC — Director's Dealing 2011

May 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2011-05-23

Reporting Person: CHANG DAVID C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-23	Common Stock	A	4137	—	Acquired	90649	Direct

Footnotes

F1: Represents grant of restricted stock award which vests in three equal annual installments on each anniversary of the date of grant.