Gayn Erickson - Nov 11, 2021 Form 4 Insider Report for AEHR TEST SYSTEMS (AEHR)

Role
President and CEO, Director
Signature
/s/ Kenneth B. Spink, Attorney-in-fact
Stock symbol
AEHR
Transactions as of
Nov 11, 2021
Transactions value $
-$1,585,959
Form type
4
Date filed
11/15/2021, 03:00 PM
Previous filing
Nov 8, 2021
Next filing
Dec 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEHR Common Stock Options Exercise $62.7K +29.9K +6.75% $2.10* 473K Nov 11, 2021 Direct
transaction AEHR Common Stock Options Exercise $25.4K +15.1K +3.2% $1.68* 488K Nov 11, 2021 Direct
transaction AEHR Common Stock Options Exercise $40.7K +10.3K +2.12% $3.93* 498K Nov 11, 2021 Direct
transaction AEHR Common Stock Options Exercise $45.6K +19K +3.81% $2.40* 517K Nov 11, 2021 Direct
transaction AEHR Common Stock Options Exercise $103K +62.7K +12.13% $1.64* 580K Nov 11, 2021 Direct
transaction AEHR Common Stock Sale -$1.86M -80K -13.8% $23.29 500K Nov 11, 2021 Direct F1, F2, 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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -62.7K -94.95% $0.00 3.34K Nov 11, 2021 Common Stock 62.7K $1.64 Direct F4
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -15.1K -100% $0.00* 0 Nov 11, 2021 Common Stock 15.1K $1.68 Direct F4
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -29.9K -100% $0.00* 0 Nov 11, 2021 Common Stock 29.9K $2.10 Direct F4
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -19K -100% $0.00* 0 Nov 11, 2021 Common Stock 19K $2.40 Direct F4
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -10.3K -100% $0.00* 0 Nov 11, 2021 Common Stock0 10.3K $3.93 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were sold to cover the exercise cost and income tax payments in connection with the exercise of non-qualified stock options.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.91 to $23.90, 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.

Remarks:

Exhibit 24 - Power of Attorney