Ownership Submission
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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
WATKINS CORY M
   2. Issuer Name and Ticker or Trading Symbol
AUGUST TECHNOLOGY CORP [AUGT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Technology Officer
(Last)
(First)
(Middle)
4900 WEST 78TH STREET		 3. Date of Earliest Transaction (Month/Day/Year)
12/30/2004
(Street)

BLOOMINGTON, MN 55435		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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
Stock Option (right to buy) $ 2.37             12/31/2004 12/31/2006 Common Stock 0   84 D  
Stock Option (right to buy) $ 2.37             12/31/2004 12/31/2006 Common Stock 0   1,500 D  
Stock Option (right to buy) $ 6.15               (1) 01/31/2007 Common Stock 0   3,000 D  
Stock Option (right to buy) $ 10.44               (2) 05/15/2007 Common Stock 0   1,000 D  
Stock Option (right to buy) $ 13.24               (3) 07/12/2008 Common Stock 0   1,500 D  
Stock Option (right to buy) $ 9.19               (4) 10/05/2008 Common Stock 0   3,900 D  
Stock Option (right to buy) $ 4.75               (5) 10/25/2009 Common Stock 0   6,000 D  
Stock Option (right to buy) $ 4.3             12/19/2004 12/19/2009 Common Stock 0   4,385 D  
Stock Option (right to buy) $ 18.45             02/06/2004 02/06/2014 Common Stock 0   2,134 D  
Stock Option (right to buy) $ 18.49               (3) 02/13/2014 Common Stock 0   5,480 D  
Stock Option (right to buy) $ 18.49               (3) 02/13/2014 Common Stock 0   4,520 D  
Stock Option (right to buy) $ 10.36               (6) 07/30/2014 Common Stock 0   10,000 D  
Stock Option (right to buy) $ 7.62             02/19/2005 10/22/2014 Common Stock 0   1,499 D  
Stock Option (right to buy) $ 10.38 12/30/2004   A   15,000     (7) 12/30/2014 Common Stock 15,000 $ 0 15,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WATKINS CORY M
4900 WEST 78TH STREET
BLOOMINGTON, MN 55435		       Chief Technology Officer  

Signatures

 Robert K. Ranum as Agent for Cory M. Watkins pursuant to Power of Attorney previously filed   01/04/2005
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Exercisable: 1,500 shares on January 31, 2004 and January 31, 2005.
(2) Exercisable: 500 shares on May 15, 2004 and May 15, 2005.
(3) Vesting accelerated; fully exercisable on December 21, 2004.
(4) Exercisable in three annual increments of 1,300 shares each beginning on October 5, 2004.
(5) Exercisable in three annual increments of 2,000 shares each beginning October 25, 2004.
(6) Exercisable in five annual increments of 2,000 shares beginning July 30, 2004.
(7) Exercisable: 5,100 shares on December 30, 2004 and 4,950 shares on December 30, 2005 and December 30, 2006.

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