AEHR TEST SYSTEMS — Director's Dealing 2014

Dec 15, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2014-12-03

Reporting Person: Schneider John M. (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	127600	Direct
Common Stock	363500	Indirect
Common Stock	331800	Indirect
Common Stock	305176	Indirect
Common Stock	28000	Indirect
Common Stock	14860	Indirect
Common Stock	7350	Indirect
Common Stock	6650	Indirect
Common Stock	3200	Indirect
Common Stock	810	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualifed Stock Option (right to buy)	$2.65	2021-12-03	Common Stock (15000)		Direct

Footnotes

F1: Shares held by PWA Real Estate, LLC for which the Reporting Person is an affiliate.

F2: Shares held by Private Wealth Adv 401K PSP for which the Reporting Person is the owner.

F3: Shares held by Dharma Group Insurance Co for which the Reporting Person is an affiliate.

F4: Shares held by PWA Securities, Inc. for which the Reporting Person is an affiliate.

F5: Shares held by Carla Frank for which the Reporting Person is an advisor.

F6: Shares held in custodial account for the benefit of Beatrice Schneider for which the Reporting Person is the custodian.

F7: Shares held in custodial account for the benefit of Helena Schneider for which the Reporting Person is the custodian.

F8: Shares held in custodial account for the benefit of Alexandria Schneider for which the Reporting Person is the custodian.

F9: Shares held in custodial account for the benefit of Ava Schneider for which the Reporting Person is the custodian.

F10: One forty-eighth (1/48) of the total number of shares became exercisable on this date and an additional one forty-eighth (1/48) of the total number of shares became exercisable each month thereafter.