AEHR TEST SYSTEMS — Director's Dealing 2015

Oct 23, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2015-10-22

Reporting Person: ELDER WILLIAM W R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-22	Common Stock	M	1300	$1.32	Acquired	1300	Direct
2015-10-22	Common Stock	S	100	$2.21	Disposed	1200	Direct
2015-10-22	Common Stock	S	1200	$2.2	Disposed	0	Direct
2015-10-23	Common Stock	M	500	$1.32	Acquired	500	Direct
2015-10-23	Common Stock	S	100	$2.22	Disposed	400	Direct
2015-10-23	Common Stock	S	100	$2.21	Disposed	300	Direct
2015-10-23	Common Stock	S	300	$2.2	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-22	Non-Qualified Stock Option (right to buy)	$1.32	M	1300	Disposed	2015-10-27	Common Stock (1300)	Direct
2015-10-23	Non-Qualified Stock Option (right to buy)	$1.32	M	500	Disposed	2015-10-27	Common Stock (500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3000	Indirect
Common Stock	111800	Indirect

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.