SEC Form 4 · accession 0001040470-16-000135
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 18, 2016
Accepted (ET)
Oct 20, 2016 · 5:52 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 | Oct 20, 2016 | M | 25,200 | $0.80 | A | 37,402 | D | |
| Common Stock | Oct 20, 2016 | S | 25,200 | $2.90 | D | 12,202 | D | |
| Common Stock | Oct 20, 2016 | M | 10,000 | $0.97 | A | 22,202 | D | |
| Common Stock | Oct 20, 2016 | S | 10,000 | $2.90 | 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 | $0.80 | Oct 20, 2016 | M | 25,200 | D | Dec 28, 2012 | Nov 28, 2019 | Common Stock | 25,200 | 0 | D |
| Non-Qualified Stock Option (right to buy)F2 | $0.97 | Oct 20, 2016 | M | 10,000 | D | Jan 22, 2013 | Jan 22, 2020 | Common Stock | 10,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F3 | $2.81 | Oct 18, 2016 | A | 10,000 | A | Nov 18, 2016 | Oct 18, 2023 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1One sixth (1/6) of the total number of shares became exercisable on this date and an additional one sixth (1/6) of the total number of shares became exercisable each month thereafter.
- F22,500 shares became exercisable on this date and an additional one ninth (1/9) of 7,500 shares became exercisable each month thereafter.
- F3One 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.