ASTRONICS CORP — Director's Dealing 2008

Oct 20, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASTRONICS CORP (ATRO)
CIK: 0000008063
Period of Report: 2008-10-17

Reporting Person: DRENNING JOHN B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-10-17	$.01 PV Cl B Stk	J	39983	$0.00	Acquired	110666	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-10-17	Option	$4.799	J	0	Acquired	2009-02-05	$.01 PV Com Stk (4970)	Direct
2008-10-17	Option	$4.799	J	1709	Acquired	2009-02-05	$.01 PV Cl B Stk (3573)	Direct
2008-10-17	Option	$4.273	J	0	Acquired	2010-02-15	$.01 PV Com Stk (4970)	Direct
2008-10-17	Option	$4.273	J	1709	Acquired	2010-02-15	$.01 PV Cl B Stk (3573)	Direct
2008-10-17	Option	$8.082	J	0	Acquired	2011-02-15	$.01 PV Com Stk (4970)	Direct
2008-10-17	Option	$8.082	J	1553	Acquired	2011-02-15	$.01 PV Cl B Stk (2795)	Direct
2008-10-17	Option	$5.969	J	0	Acquired	2012-02-14	$.01 PV Com Stk (4970)	Direct
2008-10-17	Option	$5.969	J	1243	Acquired	2012-02-14	$.01 PV Cl B Stk (1243)	Direct
2008-10-17	Option	$4.146	J	0	Acquired	2013-02-11	$.01 PV Com Stk (4970)	Direct
2008-10-17	Option	$4.146	J	1243	Acquired	2013-02-11	$.01 PV Cl B Stk (1243)	Direct
2008-10-17	Option	$4.392	J	0	Acquired	2014-02-19	$.01 PV Com Stk (4000)	Direct
2008-10-17	Option	$4.392	J	1000	Acquired	2014-02-19	$.01 PV Cl B Stk (1000)	Direct
2008-10-17	Option	$5.232	J	0	Acquired	2015-02-28	$.01 PV Com Stk (4000)	Direct
2008-10-17	Option	$5.232	J	1000	Acquired	2015-02-28	$.01 PV Cl B Stk (1000)	Direct
2008-10-17	Option	$10.728	J	0	Acquired	2016-03-06	$.01 PV Com Stk (5000)	Direct
2008-10-17	Option	$10.728	J	1250	Acquired	2016-03-06	$.01 PV Cl B Stk (1250)	Direct
2008-10-17	Option	$14.08	J	0	Acquired	2017-03-20	$.01 PV Com Stk (5000)	Direct
2008-10-17	Option	$14.08	J	1250	Acquired	2017-03-20	$.01 PV Cl B Stk (1250)	Direct
2008-10-17	Option	$15.288	J	0	Acquired	2018-03-20	$.01 PV Com Stk (2500)	Direct
2008-10-17	Option	$15.288	J	625	Acquired	2018-03-20	$.01 PV Cl B Stk (625)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
$.01 PV Com Stk	89250	Direct

Footnotes

F1: Shares issued pursuant to a one-for-four distribution of Class B Stock to holders of both Common and Class B Stock on the record date of October 6, 2008.

F2: Granted pursuant to the Company's 1997 Directors Stock Option Plan.

F3: Adjusted pursuant to Class B stock distribution declared by the Board of Directors payable on 10/17/2008 of one share of Class B stock for every four shares of Common Stock and Class B Stock.

F4: Granted pursuant to the Company's 2005 Directors Stock Option Plan.