AEHR TEST SYSTEMS — Director's Dealing 2017

Feb 13, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2017-02-10

Reporting Person: SANO KUNIO (President of Aehr Test-Japan)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-10	Common Stock	M	5000	$1.25	Acquired	5000	Direct
2017-02-10	Common Stock	S	2500	$3.3	Disposed	2500	Direct
2017-02-10	Common Stock	S	2500	$3.35	Disposed	0	Direct
2017-02-13	Common Stock	M	5000	$1.25	Acquired	5000	Direct
2017-02-13	Common Stock	S	2500	$3.4	Disposed	2500	Direct
2017-02-13	Common Stock	S	2500	$3.5	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-10	Incentive Stock Option (right to buy)	$1.25	M	5000	Disposed	2018-07-08	Common Stock (5000)	Direct
2017-02-13	Incentive Stock Option (right to buy)	$1.25	M	5000	Disposed	2018-07-08	Common Stock (5000)	Direct

Footnotes

F1: 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.