AXT INC — Director's Dealing 2017

May 25, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2017-05-23

Reporting Person: Ochrym Robert G (VP Business Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-23	Common Stock	M	3000	$2.36	Acquired	39000	Direct
2017-05-23	Common Stock	M	3000	$2.47	Acquired	42000	Direct
2017-05-23	Common Stock	M	1500	$2.18	Acquired	43500	Direct
2017-05-23	Common Stock	S	7500	$6.93	Disposed	36000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-23	Stock Options	$2.36	M	3000	Disposed	2023-11-04	Common Stock (3000)	Direct
2017-05-23	Stock Option	$2.47	M	3000	Disposed	2024-11-03	Common Stock (3000)	Direct
2017-05-23	Common Stock	$2.18	M	1500	Disposed	2025-11-02	Common Stock (1500)	Direct

Footnotes

F1: Earliest date shown. Exercisable date of multiple lots between 11/4/2014 to 11/4/2017.

F2: Earliest date shown. Exercisable date of multiple lots between 11/3/2015 to 11/4/2018.

F3: Earliest date shown. Exercisable date of multiple lots between 11/2/2016 to 11/2/2019.