SEC Form 4 · accession 0001040470-17-000039
AEHR TEST SYSTEMS · AEHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rhea J Posedel
Director
Period of report
Jun 26, 2017
Accepted (ET)
Jun 27, 2017 · 5:51 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 | Jun 26, 2017 | M | 40,000 | $1.3981 | A | 950,714 | I | By Trust |
| Common StockF1 | holding | — | — | — | 46,834 | 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 | $1.3981 | Jun 26, 2017 | M | 40,000 | D | Jul 26, 2012 | Jun 26, 2017 | Common Stock | 40,000 | 0 | D |
Explanation of responses
- F1Mr. Rhea Posedel received a required minimum distribution from ESOP plan for CY 2016 of 867 shares on 11/16/2016. The closing price was $3.04 per share.
- 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.