AEHR TEST SYSTEMS — Director's Dealing 2014

Oct 21, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2014-10-20

Reporting Person: PATEL MUKESH (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-20	Common Stock	M	5000	$1.42	Acquired	23929	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-20	Non-Qualifed Stock Option (right to buy)	$1.42	M	5000	Disposed	2014-10-27	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	250000	Indirect
Common Stock	5000	Indirect

Footnotes

F1: One twelfth (1/12) of the total number of shares became exercisable on this date and an additional one twelfth (1/12) of the total number of shares became exercisable each month thereafter.