SEC Form 4 · accession 0001179110-16-031044
AXT INC · AXTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Morris S Young
Officer — Chief Executive Officer · Director
Period of report
Oct 28, 2016
Accepted (ET)
Nov 1, 2016 · 2:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001051627
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F3 | Oct 28, 2016 | A | 58,299 | $0.00 | A | 1,073,538 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $5.21 | Oct 28, 2016 | A | 174,896 | A | Oct 28, 2017 | Oct 28, 2026 | Common Stock | 174,896 | 1,241,792 | D |
Explanation of responses
- F1Represent grant of restricted stock awards which vest in four equal installments on each anniversary of the date of grant.
- F21/4 vested on first year anniversary and 1/48 monthly thereafter.
- F3This total includes 603,951 shares of common stock held by the Young Family Trust for which the Reporting Person serves as trustee and 483 shares of common stock held by the Morris Young Family Ltd. Partnership. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.