AEHR TEST SYSTEMS — Director's Dealing 2014

Jun 2, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2014-05-30

Reporting Person: HENDRICKSON DAVID S (V.P. OF ENGINEERING)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-30	Common Stock	M	7502	$0.85	Acquired	29415	Direct
2014-05-30	Common Stock	M	22498	$0.85	Acquired	51913	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-30	Incentive Stock Option (right to buy)	$0.85	M	7502	Disposed	2014-06-30	Common Stock (7502)	Direct
2014-05-30	Non-Qualified Stock Option (right to buy)	$0.85	M	22498	Disposed	2014-06-30	Common Stock (22498)	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.