AEHR TEST SYSTEMS — Director's Dealing 2013

Nov 8, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2013-11-06

Reporting Person: BUCK CARL N (VP OF MARKETING)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-06	Common Stock	M	2500	$2.25	Acquired	73117	Direct
2013-11-06	Common Stock	S	100	$2.57	Disposed	73017	Direct
2013-11-06	Common Stock	S	100	$2.53	Disposed	72917	Direct
2013-11-06	Common Stock	S	2300	$2.45	Disposed	70617	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-11-06	Incentive Stock Option (right to buy)	$2.25	M	2500	Disposed	2013-11-13	Common Stock (2500)	Direct

Footnotes

F1: One forty-eighth (1/48) of the total number of shares became exercisable on this date and an additional one forty-eighth (1/48) of the total number of shares became exercisable each month thereafter.