AEHR TEST SYSTEMS — Director's Dealing 2016

Jul 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2016-07-07

Reporting Person: POSEDEL RHEA J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-07	Common Stock	M	10000	$1.375	Acquired	991289	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-07	Incentive Stock Option (right to buy)	$1.375	M	10000	Disposed	2016-07-08	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	45967	Direct

Footnotes

F1: Mr. Rhea Posedel received a required minimum distribution from ESOP plan for CY 2015 of 1,281 shares on 11/6/15. The closing price was $2.12 per share.

F2: One forty-eighth (1/48) of the total number of shares became exercisable on this date and an additional one forty-eighth (1/48) of the total number of shares became exercisable each month thereafter.