AEHR TEST SYSTEMS — Director's Dealing 2017

Oct 25, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2017-10-24

Reporting Person: ANDERSON ROBERT R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-24	Common Stock	M	17436	$2.1	Acquired	752075	Indirect
2017-10-24	Common Stock	M	10000	$2.17	Acquired	762075	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-24	Non-Qualified Stock Option (right to buy)	$2.1	M	17436	Disposed	2022-04-21	Common Stock (17436)	Direct
2017-10-24	Non-Qualified Stock Option (right to buy)	$2.17	M	10000	Disposed	2022-10-20	Common Stock (10000)	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.