SEC Form 4 · accession 0001040470-17-000020
AEHR TEST SYSTEMS · AEHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David S Hendrickson
Officer — VP OF ENGINEERING
Period of report
Feb 21, 2017
Accepted (ET)
Feb 22, 2017 · 4:31 pm EST
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 | Feb 21, 2017 | M | 5,000 | $1.25 | A | 20,663 | D | |
| Common StockF1 | Feb 21, 2017 | S | 1,000 | $4.132 | D | 19,663 | D | |
| Common StockF1 | Feb 21, 2017 | S | 4,000 | $4.14 | D | 15,663 | 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 | $1.25 | Feb 21, 2017 | M | 5,000 | D | Aug 8, 2011 | Jul 8, 2018 | Common Stock | 5,000 | 20,000 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9, 2016.
- 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.