Kenneth B. Spink - 28 Sep 2021 Form 4 Insider Report for AEHR TEST SYSTEMS (AEHR)

Role: VP of Finance and CFO
Signature: /s/ Kenneth B. Spink
Issuer symbol: AEHR
Transactions as of: 28 Sep 2021
Net transactions value: -$1,564,174
Form type: 4
Filing time: 30 Sep 2021, 21:09:29 UTC
Previous filing: 10 Aug 2021
Next filing: 04 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AEHR	Common Stock	Options Exercise	$19,950	+9,500	+7.5%	$2.10^*	135,554	28 Sep 2021	Direct
transaction	AEHR	Common Stock	Options Exercise	$66,700	+29,000	+21%	$2.30^*	164,554	28 Sep 2021	Direct
transaction	AEHR	Common Stock	Options Exercise	$95,892	+24,400	+15%	$3.93^*	188,954	28 Sep 2021	Direct
transaction	AEHR	Common Stock	Options Exercise	$74,374	+30,989	+16%	$2.40^*	219,943	28 Sep 2021	Direct
transaction	AEHR	Common Stock	Sale	$1,892,205	-133,914	-61%	$14.13	86,029	28 Sep 2021	Direct	F1, F2
transaction	AEHR	Common Stock	Options Exercise	$30,240	+18,000	+21%	$1.68^*	104,029	29 Sep 2021	Direct
transaction	AEHR	Common Stock	Options Exercise	$40,875	+25,000	+24%	$1.64^*	129,029	29 Sep 2021	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AEHR	Incentive Stock Option (right to buy)	Options Exercise	$0	-9,500	-100%	$0.000000^*	0	28 Sep 2021	Common Stock	9,500	$2.10	Direct	F4
transaction	AEHR	Incentive Stock Option (right to buy)	Options Exercise	$0	-29,000	-100%	$0.000000^*	0	28 Sep 2021	Common Stock	29,000	$2.30	Direct	F4
transaction	AEHR	Incentive Stock Option (right to buy)	Options Exercise	$0	-24,400	-100%	$0.000000^*	0	28 Sep 2021	Common Stock	24,400	$3.93	Direct	F4
transaction	AEHR	Incentive Stock Option (right to buy)	Options Exercise	$0	-30,989	-73%	$0.000000	11,511	28 Sep 2021	Common Stock	30,989	$2.40	Direct	F4
transaction	AEHR	Incentive Stock Option (right to buy)	Options Exercise	$0	-18,000	-100%	$0.000000^*	0	29 Sep 2021	Common Stock	18,000	$1.68	Direct	F4
transaction	AEHR	Incentive Stock Option (right to buy)	Options Exercise	$0	-25,000	-50%	$0.000000	25,000	29 Sep 2021	Common Stock	25,000	$1.64	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 17, 2021.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.50 to $14.79, inclusive. The reporting person undertakes to provide to Aehr Test Systems, any security holder of Aehr Test Systems, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.
F3	The amount reported includes shares subject to unvested restricted stock units.
F4	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.