SEC Form 4 · accession 0001040470-18-000025
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
May 7, 2018
Accepted (ET)
May 9, 2018 · 6:05 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 | May 7, 2018 | S | 20,000 | $2.32 | D | 359,063 | D | |
| Common Stock | May 9, 2018 | M | 25,000 | $0.59 | A | 384,063 | 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 | $0.59 | May 9, 2018 | M | 25,000 | D | Feb 3, 2012 | Jan 3, 2019 | Common Stock | 25,000 | 201,667 | 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, as amended on February 7, 2018.
- 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.