Michael A. Brannan - Oct 11, 2021 Form 4 Insider Report for AEHR TEST SYSTEMS (AEHR)

Role
V.P. of Operations
Signature
/s/ Michael A. Brannan
Stock symbol
AEHR
Transactions as of
Oct 11, 2021
Transactions value $
-$285,288
Form type
4
Date filed
10/13/2021, 05:00 PM
Previous filing
Oct 4, 2021
Next filing
Oct 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEHR Common Stock Options Exercise $17.1K +14K +94.43% $1.22* 28.8K Oct 11, 2021 Direct
transaction AEHR Common Stock Sale -$320K -17K -58.97% $18.80 11.8K Oct 11, 2021 Direct F1
transaction AEHR Common Stock Options Exercise $17.2K +14.1K +119.44% $1.22* 26K Oct 12, 2021 Direct F2

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 -14K -18.67% $0.00 61K Oct 11, 2021 Common Stock 14K $1.22 Direct F3
transaction AEHR Incentive Stock Option (right to buy) Options Exercise $0 -14.1K -23.16% $0.00 46.9K Oct 12, 2021 Common Stock 14.1K $1.22 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.35 to $19.67, 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.
F2 The amount reported includes shares subject to unvested restricted stock units.
F3 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.