SEC Form 4 · accession 0001040470-16-000114
AEHR TEST SYSTEMS · AEHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth B. Spink
Officer — VP OF FINANCE & CFO
Period of report
Aug 11, 2016
Accepted (ET)
Aug 11, 2016 · 7:31 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 11, 2016 | M | 1,300 | $1.25 | A | 7,300 | D | |
| Common Stock | Aug 11, 2016 | M | 7,500 | $1.271 | A | 14,800 | D | |
| Common Stock | Aug 11, 2016 | M | 9,687 | $1.28 | A | 24,487 | 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)F1 | $1.25 | Aug 11, 2016 | M | 1,300 | D | Aug 8, 2011 | Jul 8, 2018 | Common Stock | 1,300 | 0 | D |
| Incentive Stock Option (right to buy)F1 | $1.271 | Aug 11, 2016 | M | 7,500 | D | Jul 26, 2012 | Jun 26, 2019 | Common Stock | 7,500 | 0 | D |
| Incentive Stock Option (right to buy)F1 | $1.28 | Aug 11, 2016 | M | 9,687 | D | Jul 25, 2013 | Jun 25, 2020 | Common Stock | 9,687 | 3,438 | D |
Explanation of responses
- F1One 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.