AEHR TEST SYSTEMS — Director's Dealing 2017

Jun 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2017-06-26

Reporting Person: POSEDEL RHEA J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-26	Common Stock	M	40000	$1.3981	Acquired	950714	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-26	Incentive Stock Option (right to buy)	$1.3981	M	40000	Disposed	2017-06-26	Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	46834	Direct

Footnotes

F1: Mr. Rhea Posedel received a required minimum distribution from ESOP plan for CY 2016 of 867 shares on 11/16/2016. The closing price was $3.04 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.