AXT INC — Director's Dealing 2014

Jan 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2013-11-04

Reporting Person: Zhang Davis (President, JV Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-04	Common Stock	A	22000	—	Acquired	130488	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-11-04	Stock Options (right to buy)	$2.36	A	66000	Acquired	2023-11-04	Common Stock (66000)	Direct

Footnotes

F1: Represents grant of restricted stocks award which vest in four equal annual installments on each anniversary of the date of grant.

F2: 1/4 vested on first year anniversary and 1/48 monthly thereafter.