SEC Form 4 · accession 0001179110-18-014190
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
Dec 19, 2018
Accepted (ET)
Dec 20, 2018 · 5:15 pm EST
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 Stock | Dec 19, 2018 | M | 42,779 | $2.47 | A | 1,302,269 | D | |
| Common Stock | Dec 19, 2018 | M | 19,199 | $2.18 | A | 1,321,468 | D | |
| Common StockF1 | Dec 19, 2018 | M | 53,221 | $2.47 | A | 1,374,689 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy) | $2.47 | Dec 19, 2018 | M | 42,779 | D | Nov 3, 2015 | Nov 3, 2024 | Common Stock | 42,779 | 1,185,904 | D |
| Stock Option (right to buy) | $2.18 | Dec 19, 2018 | M | 19,199 | D | Nov 2, 2016 | Nov 2, 2025 | Common Stock | 19,199 | 1,166,705 | D |
| Stock Option (right to buy) | $2.47 | Dec 19, 2018 | M | 53,221 | D | Nov 3, 2015 | Nov 3, 2024 | Common Stock | 53,221 | 1,113,484 | D |
Explanation of responses
- F1This total includes 684,788 shares of common stock held by the Reporting Person and the Young Family Trust for which the Reporting Person serves as trustee; 346,162 shares of common stock held by the Morris S. S. Young 2016 Annuity Trust for which the Reporting Person serves as trustee; 343,256 shares of common stock held by the Vicke Young 2016 Annuity Trust for which the Reporting Person serves as trustee; and 483 shares of common stock held by the Morris Young Family Ltd. Partnership. This total also corrects a clerical error in the Reporting Person's previous Form 4 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.