AEHR TEST SYSTEMS — Director's Dealing 2015

Oct 22, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2015-10-20

Reporting Person: ELDER WILLIAM W R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-20	Common Stock	M	2402	$1.32	Acquired	2402	Direct
2015-10-20	Common Stock	S	2101	$2.2	Disposed	301	Direct
2015-10-20	Common Stock	S	301	$2.21	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-20	Non-Qualified Stock Option (right to buy)	$1.32	M	2402	Disposed	2015-10-27	Common Stock (2402)	Direct
2015-10-20	Non-Qualified Stock Option (right to buy)	$2.17	A	10000	Acquired	2022-10-20	Common Stock (10000)	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.