SEC Form 4 · accession 0001040470-16-000096
AEHR TEST SYSTEMS · AEHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rhea J Posedel
Director
Period of report
Jul 7, 2016
Accepted (ET)
Jul 8, 2016 · 8:52 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 | Jul 7, 2016 | M | 10,000 | $1.375 | A | 991,289 | I | By Trust |
| Common StockF1 | holding | — | — | — | 45,967 | D |
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 | $1.375 | Jul 7, 2016 | M | 10,000 | D | Aug 8, 2011 | Jul 8, 2016 | Common Stock | 10,000 | 45,000 | D |
Explanation of responses
- F1Mr. Rhea Posedel received a required minimum distribution from ESOP plan for CY 2015 of 1,281 shares on 11/6/15. The closing price was $2.12 per share.
- 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.