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

Role
President and CEO, Director
Signature
/s/ Kenneth B. Spink, Attorney-in-fact
Issuer symbol
AEHR
Transactions as of
11 Nov 2021
Net transactions value
-$1,585,959
Form type
4
Filing time
15 Nov 2021, 15:00:45 UTC
Previous filing
08 Nov 2021
Next filing
22 Dec 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 $62,748 +29,880 +6.7% $2.10* 472,633 11 Nov 2021 Direct
transaction AEHR Common Stock Options Exercise $25,435 +15,140 +3.2% $1.68* 487,773 11 Nov 2021 Direct
transaction AEHR Common Stock Options Exercise $40,652 +10,344 +2.1% $3.93* 498,117 11 Nov 2021 Direct
transaction AEHR Common Stock Options Exercise $45,607 +19,003 +3.8% $2.40* 517,120 11 Nov 2021 Direct
transaction AEHR Common Stock Options Exercise $102,559 +62,727 +12% $1.64* 579,847 11 Nov 2021 Direct
transaction AEHR Common Stock Sale $1,862,960 -80,000 -14% $23.29 499,847 11 Nov 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 -62,727 -95% $0.000000 3,338 11 Nov 2021 Common Stock 62,727 $1.64 Direct F4
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -15,140 -100% $0.000000* 0 11 Nov 2021 Common Stock 15,140 $1.68 Direct F4
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -29,880 -100% $0.000000* 0 11 Nov 2021 Common Stock 29,880 $2.10 Direct F4
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -19,003 -100% $0.000000* 0 11 Nov 2021 Common Stock 19,003 $2.40 Direct F4
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -10,344 -100% $0.000000* 0 11 Nov 2021 Common Stock0 10,344 $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