SEC Form 4 · accession 0001040470-15-000075
AEHR TEST SYSTEMS · AEHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William W R Elder
Director
Period of report
Oct 20, 2015
Accepted (ET)
Oct 22, 2015 · 2:53 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 | Oct 20, 2015 | M | 2,402 | $1.32 | A | 2,402 | D | |
| Common Stock | Oct 20, 2015 | S | 2,101 | $2.20 | D | 301 | D | |
| Common Stock | Oct 20, 2015 | S | 301 | $2.21 | D | 0 | D | |
| Common Stock | holding | — | — | — | 3,000 | I | Trust for Son | |
| Common Stock | holding | — | — | — | 111,800 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $1.32 | Oct 20, 2015 | M | 2,402 | D | Nov 27, 2010 | Oct 27, 2015 | Common Stock | 2,402 | 3,335 | D |
| Non-Qualified Stock Option (right to buy)F1 | $2.17 | Oct 20, 2015 | A | 10,000 | A | Nov 20, 2015 | Oct 20, 2022 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1One twelfth (1/12) of the total number of shares became exercisable on this date and an additional one twelfth (1/12) of the total number of shares became exercisable each month thereafter.