ASTRONICS CORP — Director's Dealing 2011

May 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASTRONICS CORP (ATRO)
CIK: 0000008063
Period of Report: 2011-05-06

Reporting Person: KRAMER JAMES S (VP Luminescent Systems, Inc.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-06	$.01 PV Common Stock	S	5000	$25.79	Disposed	69822	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
$.01 PV Class B Stock	60635	Direct
$.01 PV Common Stock	220	Indirect
$.01 PV Class B Stock	157	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$4.262	2013-01-24	$.01 PV Com Stk (5467)	5467	Direct
Option	$4.262	2013-01-24	$.01 Cl B Stk (1367)	1367	Direct
Option	$4.392	2014-02-19	$.01 PV Com Stk (9400)	9400	Direct
Option	$4.392	2014-02-19	$.01 PV Cl B Stk (2350)	2350	Direct
Option	$4.072	2014-12-14	$.01 PV Com Stk (10400)	10400	Direct
Option	$4.072	2014-12-14	$.01 PV Cl B Stk (2600)	2600	Direct
Option	$5.20	2015-02-18	$.01 PV Com Stk (8750)	8750	Direct
Option	$5.20	2015-02-18	$.01 PV Cl B Stk (2187)	2187	Direct
Option	$7.864	2015-12-13	$.01 PV Com Stk (6100)	6100	Direct
Option	$7.864	2015-12-13	$.01 PV Cl B Stk (1525)	1525	Direct
Option	$13.888	2016-12-12	$.01 PV Com Stk (4030)	4030	Direct
Option	$13.888	2016-12-12	$.01 PV Cl B Stk (1007)	1007	Direct
Option	$31.848	2017-12-19	$.01 PV Com Stk (2010)	2010	Direct
Option	$31.848	2017-12-19	$.01 PV Cl B Stk (502)	502	Direct
Option	$7.88	2018-12-09	$.01 PV Com Stk (11800)	11800	Direct
Option	$7.87	2019-12-03	$.01 PV Com Stk (11750)	11750	Direct
Option	$21.26	2020-12-02	$.01 PV Com Stk (4400)	4400	Direct

Footnotes

F1: Mr. Kramer disclaims any beneficial interest in the shares owned by his wife.