ASTRONICS CORP — Director's Dealing 2017

May 16, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASTRONICS CORP (ATRO)
CIK: 0000008063
Period of Report: 2017-05-15

Reporting Person: KRAMER JAMES S (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-15	$.01 PV Common Stock	M	2010	$13.22	Acquired	44013	Direct
2017-05-15	$.01 PV Common Stock	M	2010	$30.68	Disposed	42003	Direct
2017-05-15	$.01 PV Class B Stock	M	4043	$13.22	Acquired	304000	Direct
2017-05-15	$.01 PV Class B Stock	M	598	$30.68	Disposed	303402	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-15	Option	$13.22	M	2010	Disposed	2017-12-19	$.01 PV Com Stk (2010)	Direct
2017-05-15	Option	$13.22	M	4043	Disposed	2017-12-19	$.01 PV Cl B Stk (4043)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
$.01 PV Common Stock	220	Indirect
$.01 PV Class B Stock	686	Indirect
$.01 PV Common Stock	787	Indirect
$.01 PV Class B Stock	118	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$3.27	2018-12-09	$.01 PV Com Stk (11800)	11800	Direct
Option	$3.27	2018-12-09	$.01 PV Cl B Stk (16627)	16627	Direct
Option	$3.27	2019-12-03	$.01 PV Com Stk (11750)	11750	Direct
Option	$3.27	2019-12-03	$.01 PV Cl B Stk (16557)	16557	Direct
Option	$8.82	2020-12-02	$.01 PV Com Stk (4350)	4350	Direct
Option	$8.82	2020-12-02	$.01 PV Cl B Stk (6129)	6129	Direct
Option	$15.63	2021-12-01	$.01 PV Com Stk (3200)	3200	Direct
Option	$15.63	2021-12-01	$.01 PV Cl B Stk (3808)	3808	Direct
Option	$10.58	2022-11-29	$.01 PV Com Stk (5700)	5700	Direct
Option	$10.58	2022-11-29	$.01 PV Cl B Stk (5155)	5155	Direct
Option	$32.72	2023-12-11	$.01 PV Com Stk (2330)	2330	Direct
Option	$32.72	2023-12-11	$.01 PV Cl B Stk (1367)	1367	Direct
Option	$35.46	2024-12-11	$.01 PV Com Stk (2720)	2720	Direct
Option	$35.46	2024-12-11	$.01 PV Cl B Stk (877)	877	Direct
Option	$31.88	2025-12-03	$.01 PV Com Stk (3500)	3500	Direct
Option	$31.88	2025-12-03	$.01 PV Cl B Stk (525)	525	Direct
Option	$36.52	2026-12-14	$.01 PV Com Stk (3670)	3670	Direct

Footnotes

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

F2: Represents shares held by James Shore Kramer Cust for Leah Jane Kramer. The beneficiary is the reporting person's immediate family.