ASTRONICS CORP — Director's Dealing 2003

Mar 20, 2003

4 1 mar19gundermannform_4atro.htm PETER J. GUNDERMANN FORM 4

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FORM 4

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 of Section 30(f) of the Investment Company Act of 1940

| 1. Name and address of
Reporting Person* GUNDERMANN
PETER J. | 2. Issuer Name and Ticker or
Trading Symbol ASTRONICS CORPORATION (ATRO) | | 6. Relationship of Reporting Person to
Issuer (Check all applicable) [ X ] Director [ ] 10% Owner [ ] Officer (give [ ] Other (specify title below)
below) |
| --- | --- | --- | --- |
| (Last)
(First)
(Middle) 130 Commerce
Way | 3. I.R.S.
Identification Number of Reporting Person, if an Entity (Voluntary) | 4. Statement for Month/Day/Year March 20, 2003 | |
| (Street) East Aurora, NY 14052 | | 5. If
Amendment, Date of Original (Month/Day/Year) | 7. Individual
or Joint/Group Filing (Check applicable box) [X ] Form filed by One Reporting Person [ ] Form filed by More than One Reporting person |
| (City)
(State)
(Zip) | Table 1 - Non-Derivative Securities
Acquired, Disposed of, or Beneficially Owned | | |

1. Title of Security (Instr. 3) — Code	Price	6.Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
$01 Par Value Common Stock	93048	D
$01 Par Value Class B Stock	43415	D
$01 Par Value Common Stock	6114	I	*By Spouse
$01 Par Value Class B Stock	3064	I	*By Spouse

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).

Potential 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.

Form 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)

| 1. Title of
Derivative Security (Instr. 3) | 2.Conver-sion or Exercise Price of Deri- vative Security | 3.Trans-action Date (Month/ Day/ Year) | 4.Trans-action Code (Instr.8) | | 5. Number of Derivative Securities Ac- quired (A) or Disposed of (D) (Instr. 3, 4 and 5) | | 6.Date Exercisable and Expiration Date (Month/Day/Year) | | 7.Title and Amount of Underlying Securities (Instr. 3 and 4) | | 9.Number of deriv- Secur- ities Bene- ficially Owned Follow- ing Reported Trans- action(s) (Instr. 4) | 10.Owner-ship Form of Deriv- ative Security Direct (D) or Indirect (I) (Instr. 4) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | | | Code | V | (A) | (D) | Date Exer- cisable | Expira- tion Date | Title | Amount or Number of Shares | | |
| Option | $2.394 | 03/18/03 | J(1) | V | 7404 | | 12/20/97 | 12/20/06 | $01 PV Com Stk | 7404 | 7404 | D |
| Option | $2.394 | 03/18/03 | J(1) | V | 2776 | | 12/20/97 | 12/20/06 | $.01 PV CL B Stk | 2776 | 2776 | D |
| Option | $4.761 | 03/18/03 | J(1) | V | 12926 | | 01/18/00 | 01/18/09 | $01 PV Com Stk | 12926 | 12926 | D |
| Option | $4.761 | 03/18/03 | J(1) | V | 4846 | | 01/18/00 | 01/18/09 | $.01 PV CL B Stk | 4846 | 4846 | D |
| Option | $5.672 | 03/18/03 | J(1) | V | 12118 | | 01/18/01 | 01/18/10 | $01 PV Com Stk | 12118 | 12118 | D |
| Option | $5.672 | 03/18/03 | J(1) | V | 4544 | | 01/18/01 | 01/18/10 | $.01 PV CL B Stk | 4544 | 4544 | D |
| Option | $ 11.319 | 03/18/03 | J(1) | V | 11174 | | 04/26/02 | 04/26/11 | $01 PV Com Stk | 11174 | 11174 | D |
| Option | $ 11.319 | 03/18/03 | J(1) | V | 2794 | | 04/26/02 | 04/26/11 | $.01 PV CL B Stk | 2794 | 2794 | D |
| Option | $9.433 | 03/18/03 | J(1) | V | 12521 | | 01/25/03 | 01/25/12 | $01 PV Com Stk | 12521 | 12521 | D |
| Option | $4.917 | 03/18/03 | J(1) | V | 36352 | | 12/24/03 | 12/24/13 | $01 PV Com Stk | 36352 | 36352 | D |

Explanation of Responses:

1) Substitution options as a result of the MOD-PAC spin-off.

| ** Intentional misstatements or
omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C/ 78ff(a). | March 20, 2003 |
| --- | --- |
| **Signature
of Reporting Person | Date |
| C. Anthony Rider, as Power of Attorney for PETER J. GUNDERMANN | |
| Note: File three copies of
this Form, one of which must be manually signed. If space provided is
insufficient, see Instruction 6 for procedure. | |
| Potential 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. | |