AEHR TEST SYSTEMS — Director's Dealing 2017

Feb 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2017-02-21

Reporting Person: HENDRICKSON DAVID S (VP OF ENGINEERING)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-21	Common Stock	M	5000	$1.25	Acquired	20663	Direct
2017-02-21	Common Stock	S	1000	$4.132	Disposed	19663	Direct
2017-02-21	Common Stock	S	4000	$4.14	Disposed	15663	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-21	Incentive Stock Option (right to buy)	$1.25	M	5000	Disposed	2018-07-08	Common Stock (5000)	Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9, 2016.

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.