Statement of Changes in Beneficial Ownership (4)
03 February 2023 - 8:02AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
ROSATI MARIO M |
2. Issuer Name and Ticker or Trading Symbol
AEHR TEST SYSTEMS
[
AEHR
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
|
(Last)
(First)
(Middle)
C/O AEHR TEST SYSTEMS, 400 KATO TERRACE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/31/2023 |
(Street)
FREMONT, CA 94539
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security (Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code (Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock | 1/31/2023 | | M | | 10000 | A | $2.8100 | 10000 | D | |
Common Stock | 1/31/2023 | | M | | 10000 | A | $3.4600 | 20000 | D | |
Common Stock | 1/31/2023 | | M | | 10000 | A | $2.0300 | 30000 | D | |
Common Stock | 1/31/2023 | | M | | 10000 | A | $1.7700 | 40000 | D | |
Common Stock | 1/31/2023 | | M | | 14108 | A | $1.6400 | 54108 | D | |
Common Stock | 1/31/2023 | | M | | 10000 | A | $1.3400 | 64108 | D | |
Common Stock | 1/31/2023 | | S | | 64108 | D | $34.2288 | 3701 | D | |
Common Stock | 1/31/2023 | | S | | 27000 | D | $34.7181 | 0 | I | by Managed Account |
Common Stock | | | | | | | | 48446 (1) | I | By Trust (3) |
Common Stock | | | | | | | | 151016 | I | By Trust (2) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Non-Qualified Stock Option (right to buy) | $1.3400 | 1/31/2023 | | M | | | 10000 | 11/20/2020 (4) | 10/20/2027 | Common Stock | 10000 | $0.0000 | 0 | D | |
Non-Qualified Stock Option (right to buy) | $1.6400 | 1/31/2023 | | M | | | 14108 | 4/21/2020 (5) | 4/21/2027 | Common Stock | 14108 | $0.0000 | 0 | D | |
Non-Qualified Stock Option (right to buy) | $1.7700 | 1/31/2023 | | M | | | 10000 | 11/22/2019 (4) | 10/22/2026 | Common Stock | 10000 | $0.0000 | 0 | D | |
Non-Qualified Stock Option (right to buy) | $2.0300 | 1/31/2023 | | M | | | 10000 | 11/23/2018 (4) | 10/23/2025 | Common Stock | 10000 | $0.0000 | 0 | D | |
Non-Qualified Stock Option (right to buy) | $2.8100 | 1/31/2023 | | M | | | 10000 | 11/18/2016 (4) | 10/18/2023 | Common Stock | 10000 | $0.0000 | 0 | D | |
Non-Qualified Stock Option (right to buy) | $3.4600 | 1/31/2023 | | M | | | 10000 | 11/26/2017 (4) | 10/26/2024 | Common Stock | 10000 | $0.0000 | 0 | D | |
Explanation of Responses: |
(1) | 1,621 unvested restricted stock units were cancelled when the reporting person retired from the Board of Directors on January 24, 2023. |
(2) | Shares held by Mario M. Rosati, Trustee of the Mario M. Rosati Trust U/D/T dated January 9, 1990. |
(3) | Shares held by Mario M. Rosati and Danelle Storm Rosati, Trustees of the Rosati Family Trust dated May 23, 1997. |
(4) | One 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. |
(5) | The total number of shares became exercisable on this date. |
Remarks: Mr. Mario Rosati retired from the Board of Director of Aehr Test Systems effective 1/24/2023. Ex. 24 - Power of Attorney |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
ROSATI MARIO M C/O AEHR TEST SYSTEMS 400 KATO TERRACE FREMONT, CA 94539 | X |
|
|
|
Signatures
|
/s/ Kenneth B. Spink, Attorney-in-fact | | 2/2/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
Aehr Test Systems (NASDAQ:AEHR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aehr Test Systems (NASDAQ:AEHR)
Historical Stock Chart
From Apr 2023 to Apr 2024