0001040470-17-000014.txt : 20170208
0001040470-17-000014.hdr.sgml : 20170208
20170207183527
ACCESSION NUMBER: 0001040470-17-000014
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20170208
DATE AS OF CHANGE: 20170207
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/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-52329
FILM NUMBER: 17580433
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: Schneider John M.
CENTRAL INDEX KEY: 0001625605
FILING VALUES:
FORM TYPE: SC 13D/A
MAIL ADDRESS:
STREET 1: 905 BEAVER ST.
CITY: SEWICKLEY
STATE: PA
ZIP: 15143
SC 13D/A
1
e13da02072017.txt
SCHEDULE 13D/A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
AEHR TEST SYSTEMS
-----------------------------------------------------------------------
(Name of Issuer)
Common Stock
-----------------------------------------------------------------------
(Title of Class of Securities)
00760J108
-----------------------------------------------------------------------
(CUSIP Number)
John M. Schneider
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)
September 28, 2016
-----------------------------------------------------------------------
(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/A
CUSIP No. 00760J108
-----------------------------------------------------------------------
(1) NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
PWA Real Estate, LLC/26-1277040
-----------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /x/
-----------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------
(4) SOURCE OF FUNDS (See Instructions)
WC
-----------------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
-----------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
State of Pennsylvania
-----------------------------------------------------------------------
Number of (7) SOLE VOTING POWER 245,218
Shares --------------------------------------------
Beneficially (8) SHARED VOTING POWER 0
Owned by --------------------------------------------
Each (9) SOLE DISPOSITIVE POWER 245,218
Reporting --------------------------------------------
Person With (10) SHARED DISPOSITIVE POWER 0
-----------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
245,218
-----------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) / /
-----------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.47%
-----------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON (See Instructions)
OO
-----------------------------------------------------------------------
SCHEDULE 13D/A
CUSIP No. 00760J108
-----------------------------------------------------------------------
(1) NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Private Wealth Adv 401K PSP FBO John M. Schneider
-----------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /x/
-----------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------
(4) SOURCE OF FUNDS (See Instructions)
OO
-----------------------------------------------------------------------
(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 331,800
Shares --------------------------------------------
Beneficially (8) SHARED VOTING POWER 0
Owned by --------------------------------------------
Each (9) SOLE DISPOSITIVE POWER 331,800
Reporting --------------------------------------------
Person With (10) SHARED DISPOSITIVE POWER 0
-----------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
331,800
-----------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) / /
-----------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.99%
-----------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON (See Instructions)
EP
-----------------------------------------------------------------------
SCHEDULE 13D/A
CUSIP No. 00760J108
-----------------------------------------------------------------------
(1) NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Dharma Group Insurance Co./46-4362294
-----------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /x/
-----------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------
(4) SOURCE OF FUNDS (See Instructions)
WC
-----------------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
-----------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
-----------------------------------------------------------------------
Number of (7) SOLE VOTING POWER 305,176
Shares --------------------------------------------
Beneficially (8) SHARED VOTING POWER 0
Owned by --------------------------------------------
Each (9) SOLE DISPOSITIVE POWER 305,176
Reporting --------------------------------------------
Person With (10) SHARED DISPOSITIVE POWER 0
-----------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
305,176
-----------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) / /
-----------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.83%
-----------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON (See Instructions)
OO
-----------------------------------------------------------------------
SCHEDULE 13D/A
CUSIP No. 00760J108
-----------------------------------------------------------------------
(1) NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
John M. Schneider
-----------------------------------------------------------------------
(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 58,288
Shares --------------------------------------------
Beneficially (8) SHARED VOTING POWER 940,482
Owned by --------------------------------------------
Each (9) SOLE DISPOSITIVE POWER 58,288
Reporting --------------------------------------------
Person With (10) SHARED DISPOSITIVE POWER 940,482
-----------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
58,288
-----------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) / /
-----------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.35%
-----------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON (See Instructions)
IN
-----------------------------------------------------------------------
Explanatory Note
This Amendment No. 3 (the "Amendment") amends and supplements the
Schedule 13D (the "Statement") filed with the Securities and Exchange
Commission (the "SEC") on December 12, 2014, by the reporting persons with
respect to the common stock, par value $0.01 per share (the "Common Stock"),
of Aehr Test Systems, a California corporation (the "Issuer"). Information
reported in the Statement remains in effect except to the extent that it is
amended, restated or superseded by information contained in this Amendment.
The date of event which requires filing of this Amendment was due to
the issuance of additional shares of Common Stock by the Issuer in a private
placement transaction on September 28, 2016 as previously reported with the
SEC on a Form 8-K filed on September 28, 2016 as the shares issued in the
private placement subsequently reduced the percentage of Common Stock owned
by the reporting persons. The number of shares and percentage owned of
Common Stock reported in this Amendment are as of the date of filing of this
Amendment.
Item 5 of the Statement is hereby amended and supplemented as follows:
Item 5. Interest in Securities of the Issuer
(a) The aggregate percentage of Common Stock reported to be
owned by PWA Real Estate, LLC; Private Wealth Adv 401K PSP
FBO John M. Schneider; and Dharma Group Insurance Co. is
based upon 16,674,390 shares of Common Stock outstanding,
which is the total number of shares outstanding as of this
filing date.
The aggregate percentage of Common Stock reported to be
owned by John M. Schneider is based upon 16,715,565 shares
of Common Stock outstanding, which is the total number of
shares outstanding as of this filing date, and assumes the
exercise of the 41,175 options held by Mr. Schneider which
are exercisable within 60 days of this filing date.
Mr. Schneider may be deemed to beneficially own in the
aggregate 940,482 shares of Common Stock, representing
approximately 5.64% of the outstanding shares of Common
Stock.
(b) As the sole member of PWARE, the Sole beneficiary of the 401K
Plan, and the sole owner of Dharma, John M. Schneider may be
Deemed the beneficial holder of the Shares held by PWARE, the
401K Plan, and Dharma which, when added together, total 940,482
Shares of which Mr. Schneider has sole voting and dispositive
power.
(c) None.
(d) N/A.
(e) N/A
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: February 7, 2017 PWA Real Estate, LLC
By: /S/ John M. Schneider
------------------------
Name: John M. Schneider
Title: President
Dated: February 7, 2017 Private Wealth Adv 401K PSP FBO John
M. Schneider
By: /S/ John M. Schneider
------------------------
Name: John M. Schneider
Title: Owner
Dated: February 7, 2017 Dharma Group Insurance Co.
By: /S/ John M. Schneider
------------------------
Name: John M. Schneider
Title: President
Dated: February 7, 2017 John M. Schneider
By: /S/ John M. Schneider
------------------------
Name: John M. Schneider
EXHIBIT A
In accordance with the requirements of Rule 13d-1(k) under the Securities
Exchange Act of 1934, as amended, and subject to the limitations set forth
therein, the parties set forth below agree to jointly file the Schedule 13D
to which this joint filing agreement is attached, and have duly executed this
joint filing agreement as of the date set forth below.
Dated: February 7, 2017 PWA Real Estate, LLC
By: /S/ John M. Schneider
------------------------
Name: John M. Schneider
Title: President
Dated: February 7, 2017 Private Wealth Adv 401K PSP FBO John
M. Schneider
By: /S/ John M. Schneider
------------------------
Name: John M. Schneider
Title: Owner
Dated: February 7, 2017 Dharma Group Insurance Co.
By: /S/ John M. Schneider
------------------------
Name: John M. Schneider
Title: President
Dated: February 7, 2017 John M. Schneider
By: /S/ John M. Schneider
------------------------
Name: John M. Schneider