ASTRONICS CORP — Director's Dealing 2007

Dec 21, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASTRONICS CORP (ATRO)
CIK: 0000008063
Period of Report: 2007-12-19

Reporting Person: GUNDERMANN PETER J (Director, PRESIDENT/CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-19	OPTION	$39.81	A	6680	Acquired	2017-12-19	$.01 PV COM STK (6680)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
$.01 PV COMMON STOCK	109911	Direct
$.01 PV CLASS B STOCK	50450	Direct
$.01 PV COMMON STOCK	6114	Indirect
$.01 PV CLASS B STOCK	3064	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
OPTION	$6.146	2010-01-18	$.01 PV COM STK (11183)	11183	Direct
OPTION	$6.146	2010-01-18	$.01 PV CL B STK (4193)	4193	Direct
OPTION	$12.266	2011-04-26	$.01 PV COM STK (10313)	10313	Direct
OPTION	$12.266	2011-04-26	$.01 PV CL B STK (2578)	2578	Direct
OPTION	$10.221	2012-01-25	$.01 PV COM STK (11555)	11555	Direct
OPTION	$5.328	2013-01-24	$.01 PV COM STK (33547)	33547	Direct
OPTION	$5.49	2014-02-19	$.01 PV COM STK (40800)	40800	Direct
OPTION	$5.09	2014-12-14	$.01 PV COM STK (44000)	44000	Direct
OPTION	$6.50	2015-02-18	$.01 PV COM STK (20000)	20000	Direct
OPTION	$9.83	2015-12-13	$.01 PV COM STK (25000)	25000	Direct
OPTION	$17.36	2016-12-12	$.01 PV COM STK (14460)	14460	Direct

Footnotes

F1: MR. GUNDERMANN DISCLAIMS ANY BENEFICIAL INTEREST IN THE SHARES OWNED BY HIS WIFE.

F2: Granted pursuant to the Company's 2001 Key Employee Stock Option Plan.