SEC Form 4 · accession 0001040470-17-000083
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
Nov 6, 2017
Accepted (ET)
Nov 7, 2017 · 6:29 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 | Nov 6, 2017 | M | 12,985 | $1.77 | A | 28,744 | D | |
| Common Stock | Nov 6, 2017 | M | 15,183 | $2.063 | A | 43,927 | D | |
| Common Stock | Nov 6, 2017 | S | 28,168 | $3.511 | D | 15,759 | 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 | $1.77 | Nov 6, 2017 | M | 12,985 | D | Aug 17, 2013 | Jul 17, 2020 | Common Stock | 12,985 | 0 | D |
| Non-Qualified Stock Option (right to buy)F2 | $2.063 | Nov 6, 2017 | M | 15,183 | D | Nov 21, 2014 | Oct 21, 2021 | Common Stock | 15,183 | 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.
- F2One 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.