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ASTRONICS CORP Director's Dealing 2018

Oct 16, 2018

31886_dirs_2018-10-16_21cf055b-ae19-4cae-ab3a-086f3a7adebf.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: 2018-10-12

Reporting Person: GUNDERMANN PETER J (Director, PRESIDENT/CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2018-10-12 $.01 PV CLASS B STOCK J 74073 $0.00 Acquired 560476 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2018-10-12 OPTION $2.85 J 13056 Acquired 2018-12-09 $.01 PV CL B STK (64644) Direct
2018-10-12 OPTION $2.84 J 13543 Acquired 2019-12-03 $.01 PV CL B STK (66355) Direct
2018-10-12 OPTION $7.68 J 5312 Acquired 2020-12-02 $.01 PV CL B STK (26025) Direct
2018-10-12 OPTION $13.59 J 3515 Acquired 2021-12-01 $.01 PV CL B STK (16249) Direct
2018-10-12 OPTION $9.20 J 5342 Acquired 2022-11-29 $.01 PV CL B STK (22254) Direct
2018-10-12 OPTION $28.45 J 1976 Acquired 2023-12-11 $.01 PV CL B STK (6848) Direct
2018-10-12 OPTION $30.83 J 2004 Acquired 2024-12-11 $.01 PV CL B STK (5261) Direct
2018-10-12 Option $27.72 J 2363 Acquired 2025-12-03 $.01 PV CL B STK (4418) Direct
2018-10-12 Option $31.76 J 2169 Acquired 2026-12-14 $.01 PV CL B STK (2169) Direct
2018-10-12 Option $35.61 J 3945 Acquired 2027-12-12 $.01 PV CL B STK (3945) Direct
2018-10-12 Restricted Stock Unit $ J 270 Acquired $.01 PV CL B STK (270) Direct

Holdings (Non-Derivative)

Security Shares Ownership
$.01 PV COMMON STOCK 7421 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
OPTION $2.85 2018-12-09 $.01 PV COM STK (35451) 35451 Direct
OPTION $2.84 2019-12-03 $.01 PV COM STK (37480) 37480 Direct
OPTION $7.68 2020-12-02 $.01 PV COM STK (14700) 14700 Direct
OPTION $13.59 2021-12-01 $.01 PV COM STK (10700) 10700 Direct
OPTION $9.20 2022-11-29 $.01 PV COM STK (18700) 18700 Direct
OPTION $28.45 2023-12-11 $.01 PV COM STK (8300) 8300 Direct
OPTION $30.83 2024-12-11 $.01 PV COM STK (10100) 10100 Direct
OPTION $27.72 2025-12-03 $.01 PV COM STK (13700) 13700 Direct
Option $31.76 2026-12-14 $.01 PV COM STK (14460) 14460 Direct
Option $35.61 2027-12-12 $.01 PV COM STK (26300) 26300 Direct
Restricted Stock Unit $ $.01 PV COM STK (1805) 1805 Direct

Footnotes

F1: Shares issued pursuant to a three-for-twenty distribution of Class B stock to holders of both Common and Class B stock on the record date of October 12, 2018.

F2: Each restricted stock unit represents the right to receive, at settlement, one share of common stock.

F3: 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.

F4: Each restricted stock unit represents the right to receive, at settlement, one share of Class B stock.