FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

BERSHAD STEPHEN W 		2. Issuer Name and Ticker or Trading Symbol

AXSYS TECHNOLOGIES INC [ AXYS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CEO
(Last)          (First)          (Middle)

175 CAPITAL BOULEVARD 		3. Date of Earliest Transaction (MM/DD/YYYY)

8/19/2009
(Street)

ROCKY HILL, CT 06067
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.01 par value per share   8/19/2009     G    40000   D $0   432491   D    
Common Stock, $0.01 par value per share                  686146   I   SWB Holding Company  
Common Stock, $0.01 par value per share                  8116   I   401(K) Plan  
Common Stock, $0.01 par value per share                  500000   I   Grantor Retained Annuity Trust   (1)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Options (right to buy)   $22.250                    3/3/2006   3/3/2010   Common Stock, $0.01 par value per share   5452     5452   D    
Non-Qualified Stock Options   $22.250                    3/3/2005   3/3/2010   Common Stock, $0.01 par value per share   14548     14548   D    
Non-Qualified Stock Options   $18.30                    10/6/2005   10/6/2015   Common Stock, $0.01 par value per share   25000     25000   D    
Non-Qualified Stock Options   $16.1700                    3/16/2007   3/16/2016   Common Stock, $0.01 par value per share   22500     22500   D    

Explanation of Responses:
( 1)  These shares were previously reported as directly beneficially owned but have been contibuted to a grantor retained annuity trust.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BERSHAD STEPHEN W
175 CAPITAL BOULEVARD
ROCKY HILL, CT 06067 		X X CEO

Signatures
David A. Almeida, as attorney-in-fact 8/20/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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