SEC Form 4 · accession 0001040470-15-000039
AEHR TEST SYSTEMS · AEHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl N Buck
Officer — VP OF MARKETING
Period of report
May 7, 2015
Accepted (ET)
May 11, 2015 · 6:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001040470
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 7, 2015 | M | 5,000 | $1.95 | A | 5,000 | D | |
| Common Stock | May 7, 2015 | S | 5,000 | $2.53 | D | 0 | D | |
| Common Stock | May 8, 2015 | M | 100 | $1.95 | A | 100 | D | |
| Common Stock | May 8, 2015 | S | 100 | $2.57 | D | 0 | D | |
| Common StockF1 | holding | — | — | — | 97,556 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy)F2 | $1.95 | May 7, 2015 | M | 5,000 | D | Jul 29, 2010 | Jun 29, 2015 | Common Stock | 5,000 | 10,887 | D |
| Incentive Stock Option (right to buy)F2 | $1.95 | May 8, 2015 | M | 100 | D | Jul 29, 2010 | Jun 29, 2015 | Common Stock | 100 | 10,787 | D |
Explanation of responses
- F1Shares previously reported as directly owned were transferred to the Carl Buck Living Trust for which the Reporting Person serves as Trustee.
- F2One 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.