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

Role
VP of Finance and CFO
Signature
/s/ Kenneth B. Spink
Stock symbol
AEHR
Transactions as of
Sep 28, 2021
Transactions value $
-$1,564,174
Form type
4
Date filed
9/30/2021, 09:09 PM
Previous filing
Aug 10, 2021
Next filing
Oct 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEHR Common Stock Options Exercise $20K +9.5K +7.54% $2.10* 136K Sep 28, 2021 Direct
transaction AEHR Common Stock Options Exercise $66.7K +29K +21.39% $2.30* 165K Sep 28, 2021 Direct
transaction AEHR Common Stock Options Exercise $95.9K +24.4K +14.83% $3.93* 189K Sep 28, 2021 Direct
transaction AEHR Common Stock Options Exercise $74.4K +31K +16.4% $2.40* 220K Sep 28, 2021 Direct
transaction AEHR Common Stock Sale -$1.89M -134K -60.89% $14.13 86K Sep 28, 2021 Direct F1, F2
transaction AEHR Common Stock Options Exercise $30.2K +18K +20.92% $1.68* 104K Sep 29, 2021 Direct
transaction AEHR Common Stock Options Exercise $40.9K +25K +24.03% $1.64* 129K Sep 29, 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 -9.5K -100% $0.00* 0 Sep 28, 2021 Common Stock 9.5K $2.10 Direct F4
transaction AEHR Incentive Stock Option (right to buy) Options Exercise $0 -29K -100% $0.00* 0 Sep 28, 2021 Common Stock 29K $2.30 Direct F4
transaction AEHR Incentive Stock Option (right to buy) Options Exercise $0 -24.4K -100% $0.00* 0 Sep 28, 2021 Common Stock 24.4K $3.93 Direct F4
transaction AEHR Incentive Stock Option (right to buy) Options Exercise $0 -31K -72.92% $0.00 11.5K Sep 28, 2021 Common Stock 31K $2.40 Direct F4
transaction AEHR Incentive Stock Option (right to buy) Options Exercise $0 -18K -100% $0.00* 0 Sep 29, 2021 Common Stock 18K $1.68 Direct F4
transaction AEHR Incentive Stock Option (right to buy) Options Exercise $0 -25K -50% $0.00 25K Sep 29, 2021 Common Stock 25K $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.