SEC Form 4 · accession 0001040470-16-000147
AEHR TEST SYSTEMS · AEHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kunio Sano
Officer — President of Aehr Test-Japan
Period of report
Oct 31, 2016
Accepted (ET)
Nov 1, 2016 · 7:49 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 31, 2016 | M | 3,440 | $1.25 | A | 3,440 | D | |
| Common Stock | Oct 31, 2016 | S | 2,500 | $3.46 | D | 940 | D | |
| Common Stock | Oct 31, 2016 | S | 788 | $3.47 | D | 152 | D | |
| Common Stock | Oct 31, 2016 | S | 152 | $3.48 | D | 0 | D | |
| Common Stock | Nov 1, 2016 | M | 6,560 | $1.25 | A | 6,560 | D | |
| Common Stock | Nov 1, 2016 | S | 1,560 | $3.47 | D | 5,000 | D | |
| Common Stock | Nov 1, 2016 | S | 2,500 | $3.48 | D | 2,500 | D | |
| Common Stock | Nov 1, 2016 | S | 2,500 | $3.49 | D | 0 | 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 | Oct 31, 2016 | M | 3,440 | D | Aug 8, 2011 | Jul 8, 2018 | Common Stock | 3,440 | 21,560 | D |
| Incentive Stock Option (right to buy)F1 | $1.25 | Nov 1, 2016 | M | 6,560 | D | Aug 8, 2011 | Jul 8, 2018 | Common Stock | 6,560 | 15,000 | 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.