SEC Form 4 · accession 0001040470-17-000041
AEHR TEST SYSTEMS · AEHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gayn Erickson
Officer — President & C.E.O · Director
Period of report
Jul 11, 2017
Accepted (ET)
Jul 13, 2017 · 6:00 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 StockF1 | Jul 11, 2017 | A | 11,400 | $0.00 | A | 338,063 | 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 | $3.93 | Jul 11, 2017 | A | 23,856 | A | Aug 11, 2017 | Jul 11, 2024 | Common Stock | 23,856 | 23,856 | D |
| Non-Qualified Stock Option (right to buy)F2 | $3.93 | Jul 11, 2017 | A | 10,344 | A | Aug 11, 2017 | Jul 11, 2024 | Common Stock | 10,344 | 10,344 | D |
Explanation of responses
- F1One-sixteenth (1/16) of the total number of shares subject to the restricted stock unit awards shall become exercisable at the end of each three full calendar months following the date of this action, provided that such recipient is still employed by the corporation on such dates.
- 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.