AEHR TEST SYSTEMS — Director's Dealing 2014

Apr 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2014-04-02

Reporting Person: SANO KUNIO (President of AEHR TEST-JAPAN)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-02	Common Stock	M	5200	$0.85	Acquired	5200	Direct
2014-04-02	Common Stock	S	200	$2.8	Disposed	5000	Direct
2014-04-02	Common Stock	S	2500	$2.75	Disposed	2500	Direct
2014-04-02	Common Stock	S	2500	$2.77	Disposed	0	Direct
2014-04-03	Common Stock	M	1479	$0.85	Acquired	1479	Direct
2014-04-03	Common Stock	S	1479	$2.8	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-04-02	Incentive Stock Option (right to buy)	$0.85	M	5200	Disposed	2014-06-30	Common Stock (5200)	Direct
2014-04-03	Incentive Stock Option (right to buy)	$0.85	M	1479	Disposed	2014-06-30	Common Stock (1479)	Direct

Footnotes

F1: One twenty-fourth (1/24) of the total number of shares became exercisable on this date and an additional one twenty-fourth (1/24) of the total number of shares became exercisable each month thereafter.