SEC Form 4 · accession 0001040470-16-000113
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
Aug 10, 2016
Accepted (ET)
Aug 11, 2016 · 5:27 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 | Aug 10, 2016 | M | 7,200 | $0.89 | A | 19,402 | D | |
| Common Stock | Aug 10, 2016 | S | 2,500 | $1.90 | D | 16,902 | D | |
| Common Stock | Aug 10, 2016 | S | 1,200 | $1.91 | D | 15,702 | D | |
| Common Stock | Aug 10, 2016 | S | 400 | $1.92 | D | 15,302 | D | |
| Common Stock | Aug 10, 2016 | S | 3,000 | $1.93 | D | 12,302 | D | |
| Common Stock | Aug 10, 2016 | S | 100 | $1.94 | D | 12,202 | 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 | $0.89 | Aug 10, 2016 | M | 7,200 | D | Nov 25, 2011 | Oct 25, 2018 | Common Stock | 7,200 | 2,800 | 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.