AEHR TEST SYSTEMS — Director's Dealing 2013

Jan 23, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2013-01-22

Reporting Person: ELDER WILLIAM W R (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-22	Non-Qualified Stock Option (right to buy)	$0.97	A	10000	Acquired	2020-01-22	Common Stock (10000)	Direct

Footnotes

F1: 2,500 shares became exercisable on this date and an additional one ninth (1/9) of 7,500 shares became exercisable each month thereafter.