ASTRONICS CORP — Director's Dealing 2017

May 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASTRONICS CORP (ATRO)
CIK: 0000008063
Period of Report: 2017-05-11

Reporting Person: KEANE KEVIN T (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-11	$ .01 PV Com Stk	C	209557	—	Acquired	238529	Direct
2017-05-11	$ .01 PV Cl B Stk	C	209557	—	Disposed	234020	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
$ .01 PV Com Stk	58120	Indirect
$ .01 PV Cl B Stk	192275	Indirect
$ .01 PV Cl B Stk	1300269	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$41.18	2024-03-03	$.01 PV Com Stk (2000)	2000	Direct
Option	$41.18	2024-03-03	$.01 PV Cl B Stk (1174)	1174	Direct
Option	$52.76	2025-03-10	$.01 PV Com Stk (3000)	3000	Direct
Option	$52.76	2025-03-10	$.01 PV Cl B Stk (968)	968	Direct
Option	$26.37	2026-02-26	$.01 PV Com Stk (4000)	4000	Direct
Option	$26.37	2016-02-26	$.01 PV Cl B Stk (600)	600	Direct
Option	$32.77	2017-03-07	$.01 PV Com Stk (4000)	4000	Direct

Footnotes

F1: The Reporting Person converted 209,557 shares of Class B Common Stock into 209,557 shares of Common Stock on May 11, 2017 pursuant to the terms of the Class B Common Stock.

F2: The Class B Common Stock is convertible at any time or from time to time, at the holder's election, into one (1) share of Common Stock. The Class B Common Stock has no maturity date.

F3: Includes 195,040 shares of Class B Common Stock transferred from the Kevin T. Keane 2016 GRAT, a transfer that was exempt from Section 16(a) pursuant to Rule 16a-13.