AEHR TEST SYSTEMS — Director's Dealing 2016

Oct 26, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2016-10-24

Reporting Person: Schneider John M. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-24	Common Stock	S	49773	$3.0643	Disposed	348727	Indirect
2016-10-25	Common Stock	S	103509	$3.1538	Disposed	245218	Indirect
2016-10-24	Common Stock	S	14860	$3.0054	Disposed	0	Indirect
2016-10-24	Common Stock	S	7925	$3.0054	Disposed	0	Indirect
2016-10-24	Common Stock	S	7225	$3.0054	Disposed	0	Indirect
2016-10-24	Common Stock	S	3775	$3.0054	Disposed	0	Indirect
2016-10-24	Common Stock	S	810	$3.0054	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12946	Direct
Commmon Stock	331800	Indirect
Common Stock	305176	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at a price of $3.06. The reporting person undertakes to provide to Aehr Test Systems, any security holder of Aehr Test Systems, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at the price set forth above.

F2: Shares held by PWA Real Estate, LLC for which the reporting person is an affiliate.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at a price of $3.15. The reporting person undertakes to provide to Aehr Test Systems, any security holder of Aehr Test Systems, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at the price set forth above.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at a price of $3.01. The reporting person undertakes to provide to Aehr Test Systems, any security holder of Aehr Test Systems, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at the price set forth above.

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

F11: Shares held by Dharma Group Insurance Co for which the Reporting Person is an affiliate.