AEHR TEST SYSTEMS — Director's Dealing 2014

Oct 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2014-10-21

Reporting Person: PATEL MUKESH (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-21	Common Stock	$2.063	A	10000	Acquired	2021-10-21	Common Stock (10000)	Direct
2014-10-21	Common Stock	$2.063	A	17460	Acquired	2021-10-21	Common Stock (17460)	Direct

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.

F2: One sixth (1/6) of the total number of shares became exercisable on this date and an additional one sixth (1/6) of the total number of shares became exercisable each month thereafter.