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ASTRONICS CORP — Director's Dealing 2018
Dec 10, 2018
31886_dirs_2018-12-10_57094bdd-0614-4c9e-b728-ecf8b352d199.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ASTRONICS CORP (ATRO)
CIK: 0000008063
Period of Report: 2018-12-06
Reporting Person: GUNDERMANN PETER J (Director, PRESIDENT/CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-12-06 | $.01 PV COMMON STOCK | M | 35451 | $2.85 | Acquired | 42872 | Direct |
| 2018-12-06 | $.01 PV COMMON STOCK | F | 35451 | $31.87 | Disposed | 7421 | Direct |
| 2018-12-06 | $.01 PV CLASS B STOCK | M | 64644 | $2.85 | Acquired | 625120 | Direct |
| 2018-12-06 | $.01 PV CLASS B STOCK | F | 5804 | $31.87 | Disposed | 619316 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-12-06 | OPTION | $2.85 | M | 35451 | Disposed | 2018-12-09 | $.01 PV COM STK (35451) | Direct |
| 2018-12-06 | OPTION | $2.85 | M | 64644 | Disposed | 2018-12-09 | $.01 PV CL B STK (64644) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| OPTION | $2.84 | 2019-12-03 | $.01 PV COM STK (37480) | 37480 | Direct |
| OPTION | $2.84 | 2019-12-03 | $.01 PV CL B STK (66355) | 66355 | Direct |
| OPTION | $7.68 | 2020-12-02 | $.01 PV COM STK (14700) | 14700 | Direct |
| OPTION | $7.68 | 2020-12-02 | $.01 PV CL B STK (26025) | 26025 | Direct |
| OPTION | $13.59 | 2021-12-01 | $.01 PV COM STK (10700) | 10700 | Direct |
| OPTION | $13.59 | 2021-12-01 | $.01 PV CL B STK (16249) | 16249 | Direct |
| OPTION | $9.20 | 2022-11-29 | $.01 PV COM STK (18700) | 18700 | Direct |
| OPTION | $9.20 | 2022-11-29 | $.01 PV CL B STK (22254) | 22254 | Direct |
| OPTION | $28.45 | 2023-12-11 | $.01 PV COM STK (8300) | 8300 | Direct |
| OPTION | $28.45 | 2023-12-11 | $.01 PV CL B STK (6848) | 6848 | Direct |
| OPTION | $30.83 | 2024-12-11 | $.01 PV COM STK (10100) | 10100 | Direct |
| OPTION | $30.83 | 2024-12-11 | $.01 PV CL B STK (5261) | 5261 | Direct |
| OPTION | $27.72 | 2025-12-03 | $.01 PV COM STK (13700) | 13700 | Direct |
| Option | $27.72 | 2025-12-03 | $.01 PV CL B STK (4418) | 4418 | Direct |
| Option | $31.76 | 2026-12-14 | $.01 PV COM STK (14460) | 14460 | Direct |
| Option | $31.76 | 2026-12-14 | $.01 PV CL B STK (2169) | 2169 | Direct |
| Option | $35.61 | 2027-12-12 | $.01 PV COM STK (26300) | 26300 | Direct |
| Option | $35.61 | 2027-12-12 | $.01 PV CL B STK (3945) | 3945 | Direct |
| Restricted Stock Unit | $ | $.01 PV COM STK (1805) | 1805 | Direct | |
| Restricted Stock Unit | $ | $.01 PV CL B STK (270) | 270 | Direct |
Footnotes
F1: Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F2: Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period of January 1, 2018- December 31, 2020. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2020, with the vesting percentage determined based on actual performance.
F3: Each restricted stock unit represents the right to receive, at settlement, one share of Class B stock.