AEHR TEST SYSTEMS — Director's Dealing 2015

May 11, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2015-05-07

Reporting Person: HENDRICKSON DAVID S (VP OF ENGINEERING)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-07	Common Stock	M	3000	$1.95	Acquired	64913	Direct
2015-05-07	Common Stock	S	2500	$2.55	Disposed	62413	Direct
2015-05-07	Common Stock	S	500	$2.59	Disposed	61913	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-07	Incentive Stock Option (right to buy)	$1.95	M	3000	Disposed	2015-06-29	Common Stock (3000)	Direct

Footnotes

F1: 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.