AXT INC — Director's Dealing 2013

Mar 1, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2013-02-28

Reporting Person: Zhang Davis (President, JV Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-28	Common Stock	M	172900	$1.38	Acquired	281388	Direct
2013-02-28	Common Stock	S	171575	$2.87	Disposed	109813	Direct
2013-02-28	Common Stock	S	1325	$2.83	Disposed	108488	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-28	Stock options (right to buy)	$1.38	M	172900	Disposed	2013-07-21	Common Stock (172900)	Direct