SEC Form 4 · accession 0001040470-18-000039
AEHR TEST SYSTEMS · AEHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard T Slayen
Director
Period of report
Aug 15, 2018
Accepted (ET)
Aug 16, 2018 · 8:47 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 | Aug 15, 2018 | M | 10,000 | $0.97 | A | 208,395 | D | |
| Common Stock | Aug 15, 2018 | M | 15,076 | $1.77 | A | 223,471 | D |
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 | $0.97 | Aug 15, 2018 | M | 10,000 | D | Jan 22, 2013 | Jan 22, 2020 | Common Stock | 10,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F2 | $1.77 | Aug 15, 2018 | M | 15,076 | D | Aug 17, 2013 | Jul 17, 2020 | Common Stock | 15,076 | 0 | D |
Explanation of responses
- F12,500 shares became exercisable on this date and an additional one ninth (1/9) of 7,500 shares became exercisable each month thereafter.
- F2One 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.