AEHR TEST SYSTEMS — Director's Dealing 2016

Oct 19, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2016-10-19

Reporting Person: ELDER WILLIAM W R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-19	Common Stock	M	8986	$0.75	Acquired	21188	Direct
2016-10-19	Common Stock	S	8986	$2.9	Disposed	12202	Direct
2016-10-19	Common Stock	M	6718	$0.8	Acquired	18920	Direct
2016-10-19	Common Stock	S	6718	$2.9	Disposed	12202	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-19	Non-Qualified Stock Option (right to buy)	$0.75	M	8986	Disposed	2019-01-31	Common Stock (8986)	Direct
2016-10-19	Non-Qualified Stock Option (right to buy)	$0.8	M	6718	Disposed	2019-11-28	Common Stock (6718)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3000	Indirect
Common Stock	111800	Indirect

Footnotes

F1: One sixth (1/6) of the total number of shares became exercisable on this date and an additional one sixth (1/6) of the total number of shares became exercisable each month thereafter.