0001040470-14-000103.txt : 20141215
0001040470-14-000103.hdr.sgml : 20141215
20141215161334
ACCESSION NUMBER: 0001040470-14-000103
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20141215
DATE AS OF CHANGE: 20141215
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: AEHR TEST SYSTEMS
CENTRAL INDEX KEY: 0001040470
STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
IRS NUMBER: 942424084
STATE OF INCORPORATION: CA
FISCAL YEAR END: 0531
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-52329
FILM NUMBER: 141286604
BUSINESS ADDRESS:
STREET 1: 400 KATO TERRACE
CITY: FREMONT
STATE: CA
ZIP: 94539
BUSINESS PHONE: 5106239400
MAIL ADDRESS:
STREET 1: 400 KATO TERRACE
CITY: FREMONT
STATE: CA
ZIP: 94539
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Erickson Gayn
CENTRAL INDEX KEY: 0001364097
FILING VALUES:
FORM TYPE: SC 13D
MAIL ADDRESS:
STREET 1: C/O AEHR TEST SYSTEMS
STREET 2: 400 KATO TERRACE
CITY: FREMONT
STATE: CA
ZIP: 94539
SC 13D
1
e13d120514.txt
SCHEDULE 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
AEHR TEST SYSTEMS
-----------------------------------------------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
00760J108
-----------------------------------------------------------------------
(CUSIP Number)
Gayn Erickson
C/O Aehr Test Systems
400 Kato Terrace
Fremont, CA 94539
(510-623-9400)
-----------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 5, 2014
-----------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of the Sections 240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box: / /
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See
Rule 240.13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
SCHEDULE 13D
CUSIP No. 00760J108
-----------------------------------------------------------------------
(1) NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Gayn Erickson.
-----------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /x/
-----------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------
(4) SOURCE OF FUNDS (See Instructions)
PF
-----------------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
-----------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------
Number of (7) SOLE VOTING POWER 650,280
Shares --------------------------------------------
Beneficially (8) SHARED VOTING POWER 0
Owned by --------------------------------------------
Each (9) SOLE DISPOSITIVE POWER 650,280
Reporting --------------------------------------------
Person With (10) SHARED DISPOSITIVE POWER 0
-----------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
650,280
-----------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) / /
-----------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.0%
-----------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON (See Instructions)
IN
-----------------------------------------------------------------------
Item 1. Security and the Issuer
This statement on Schedule 13D (this "Statement") relates to
the shares of common stock, par value $0.01 per share (the
"Common Stock"), of Aehr Test Systems, a Delaware corporation
(the "Issuer"). The principal executive offices of the Issuer
are located at 400 Kato Terrace, Fremont, CA 94539.
Item 2. Identity and Background
(a) This Statement is filed on behalf of Gayn Erickson ("Mr.
Erickson").
(b) The business address of Mr. Erickson is 400 Kato Terrace,
Fremont, CA 94539.
(c) Mr. Erickson is President, Chief Executive Officer and
member of the Board of Directors of the Issuer; he has
served in this capacity since January 2012.
(d) Mr. Erickson has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) Mr. Erickson has not, during the last five years, been a
party to a civil proceeding of a judicial or administrative
body of competent jurisdiction as a result of which such
Reporting Person was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state
securities laws or finding any violation with respect to
such laws.
(f) Mr. Erickson is a citizen of the United States of America.
Item 3. Source and Amount of Funds or other Consideration
The funds used by Mr. Erickson to acquire beneficial ownership
of the Issuer's Common Stock were personal funds.
Item 4. Purpose of Transaction
Mr. Erickson acquired the Company's stock for investment
purposes.
Item 5. Interest in Securities of the Issuer
(a) The aggregate percentage of Common Stock reported to be
owned by the Reporting Persons is based upon 12,667,409
shares of Common Stock outstanding, which is the total
number of shares outstanding as of December 5, 2014, and
assumes the exercise of the 333,539 options held by Mr.
Erickson which are exercisable within 60 days of this
filing date.
Mr. Erickson may be deemed to beneficially own in the
aggregate 650,280 shares of Common Stock, representing
approximately 5.0% of the outstanding shares of Common
Stock.
(b) Mr. Erickson owns 316,741 shares of Common Stock directly,
and 333,539 options to purchase shares of Common stock
which are exercisable within 60 days of this filing date.
(c) On August 20, 2014,Gayn Erickson was granted an option
to purchase 62,310 shares of Common Stock at an exercise
price of $2.71 as compensation for his service as President
and CEO of the Company. 1/48th of the shares subject to the
option became exercisable one month after the date of grant
and an additional 1/48th of the shares subject to the option
become exercisable each month thereafter.
On August 20, 2014,Gayn Erickson was granted an option
to purchase 37,690 shares of Common Stock at an exercise price
of $2.71 as compensation for his service as a President and
CEO of the Company. 1/48th of the shares subject to the option
became exercisable one month after the date of grant and an
additional 1/48th of the shares subject to the option become
exercisable each month thereafter.
On October 1, 2014, Mr. Erickson purchased 2,069 shares of
Common Stock at a purchase price of $1.9933 per share pursuant
to the Company's 2006 Employee Stock Purchase Plan.
On December 5, 2014, Mr. Erickson purchased 20,567 shares of
Common Stock at a purchase price of $2.431 per share pursuant
to a Common Stock Purchase Agreement dated November 24, 2014
with the Issuer.
(d) No person other than Mr. Erickson, has the right to receive
or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the shares of Common Stock set
forth above.
(e) Not applicable
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
None.
Item 7. Material to Be Filed as Exhibits
Exhibit A Common Stock Purchase Agreement by and among the Company
and the Investors (as defined therein), dated as of
November 24, 2014 (incorporated by reference to Exhibit
10.1 previously filed with the Issuer's Current Report on
Form 8-K, filed on November 28, 2014).
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned, severally and not
jointly, certifies that the information set forth in this statement is
true, complete and correct.
Dated: December 15, 2014
GAYN ERICKSON.
By: /S/ Gayn Erickson
------------------------
Name: Gayn Erickson