AEHR TEST SYSTEMS — Director's Dealing 2016

Oct 21, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2016-10-20

Reporting Person: Schneider John M. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-20	Common Stock	S	129100	$2.9779	Disposed	39446	Direct
2016-10-21	Common Stock	S	26500	$2.9661	Disposed	12946	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	398500	Indirect
Common Stock	331800	Indirect
Common Stock	305176	Indirect
Common Stock	14860	Indirect
Common Stock	7925	Indirect
Common Stock	7225	Indirect
Common Stock	3775	Indirect
Common Stock	810	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.95 to $3.05, inclusive. 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 each separate price within the ranges set forth above.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.95 to $2.99, inclusive. 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 each separate price within the ranges set forth above.

F3: Shares held by PWA Real Estate, LLC for which the Reporting Person is an affiliate.

F4: Shares held by Private Wealth Adv 401K PSP for which the Reporting Person is the owner.

F5: Shares held by Dharma Group Insurance Co for which the Reporting Person is an affiliate.

F6: Shares held by Carla Frank for which the Reporting Person is an advisor.

F7: Shares held by custodial account for the benefit of Beatrice Schneider for which the Reporting Person is the custodian.

F8: Shares held by custodial account for the benefit of Helena Schneider for which the Reporting Person is the custodian.

F9: Shares held by custodial account for the benefit of Alexandria Schneider for which the Reporting Person is the custodian.

F10: Shares held by custodial account for the benefit of Ava Schneider for which the Reporting Person is the custodian.