AEHR TEST SYSTEMS — Director's Dealing 2016

Aug 11, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2016-08-10

Reporting Person: ELDER WILLIAM W R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-10	Common Stock	M	7200	$0.89	Acquired	19402	Direct
2016-08-10	Common Stock	S	2500	$1.9	Disposed	16902	Direct
2016-08-10	Common Stock	S	1200	$1.91	Disposed	15702	Direct
2016-08-10	Common Stock	S	400	$1.92	Disposed	15302	Direct
2016-08-10	Common Stock	S	3000	$1.93	Disposed	12302	Direct
2016-08-10	Common Stock	S	100	$1.94	Disposed	12202	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-10	Non-Qualified Stock Option (right to buy)	$0.89	M	7200	Disposed	2018-10-25	Common Stock (7200)	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.