AEHR TEST SYSTEMS — Director's Dealing 2015

Oct 16, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2015-10-15

Reporting Person: ELDER WILLIAM W R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-15	Common Stock	M	1593	$1.32	Acquired	1593	Direct
2015-10-15	Common Stock	S	900	$2.31	Disposed	693	Direct
2015-10-15	Common Stock	S	693	$2.3	Disposed	0	Direct
2015-10-16	Common Stock	M	2670	$1.32	Acquired	2670	Direct
2015-10-16	Common Stock	S	2670	$2.3	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-15	Non-Qualified Stock Option (right to buy)	$1.32	M	1593	Disposed	2015-10-27	Common Stock (1593)	Direct
2015-10-16	Non-Qualified Stock Option (right to buy)	$1.32	M	2670	Disposed	2015-10-27	Common Stock (2670)	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.