AEHR TEST SYSTEMS — Director's Dealing 2019

May 17, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2019-05-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-17	Common Stock	M	20000	$1.271	Acquired	20000	Direct
2019-05-17	Common Stock	S	5000	$1.5553	Disposed	15000	Direct
2019-05-17	Common Stock	S	5000	$1.555	Disposed	10000	Direct
2019-05-17	Common Stock	S	5000	$1.5552	Disposed	5000	Direct
2019-05-17	Common Stock	S	5000	$1.5554	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-17	Incentive Stock Option (right to buy)	$1.271	M	20000	Disposed	2019-06-26	Common Stock (20000)	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.