AEHR TEST SYSTEMS — Director's Dealing 2016

Jul 20, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2016-07-19

Reporting Person: ANDERSON ROBERT R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-19	Common Stock	M	15241	$1.77	Acquired	689932	Indirect
2016-07-19	Common Stock	M	2500	$2.063	Acquired	692432	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-19	Non-Qualified Stock Option (right to buy)	$1.77	M	15241	Disposed	2020-07-17	Common Stock (15241)	Direct
2016-07-19	Non-Qualified Stock Option (right to buy)	$2.063	M	2500	Disposed	2021-10-21	Common Stock (2500)	Direct

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.

F2: 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.