AEHR TEST SYSTEMS — Director's Dealing 2014

Jun 11, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2014-06-10

Reporting Person: ROSATI MARIO M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-10	Common Stock	M	5000	$0.85	Acquired	8750	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-10	Non-Qualified Stock Option (right to buy)	$0.85	M	5000	Disposed	2014-06-30	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	151016	Indirect
Common Stock	22500	Indirect
Common Stock	27000	Indirect
Common Stock	3701	Direct

Footnotes

F1: Shares held by Mario M. Rosati and Danelle Storm Rosati, Trustees of the Rosati Family Trust U/D/T dated May 23, 1997.

F2: Shares held by Mario M. Rosati, Trustee of the Mario M. Rosati Trust U/D/T dated January 9, 1990.

F3: Shares held by WS Investment Company, LLC (2001A).

F4: 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.