AEHR TEST SYSTEMS — Director's Dealing 2016

Aug 16, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2016-08-15

Reporting Person: ELDER WILLIAM W R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-15	Common Stock	M	400	$0.89	Acquired	12602	Direct
2016-08-15	Common Stock	S	400	$1.9	Disposed	12202	Direct
2016-08-16	Common Stock	M	2400	$0.89	Acquired	14602	Direct
2016-08-16	Common Stock	M	2300	$0.75	Acquired	16902	Direct
2016-08-16	Common Stock	S	4400	$1.85	Disposed	12502	Direct
2016-08-16	Common Stock	S	300	$1.86	Disposed	12202	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-15	Non-Qualified Stock Option (right to buy)	$0.89	M	400	Disposed	2018-10-25	Common Stock (400)	Direct
2016-08-16	Non-Qualified Stock Option (right to buy)	$0.89	M	2400	Disposed	2018-10-25	Common Stock (2400)	Direct
2016-08-16	Non-Qualified Stock Option (right to buy)	$0.75	M	2300	Disposed	2019-01-31	Common Stock (2300)	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.

F2: 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.