ASTRONICS CORP — Director's Dealing 2018

May 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASTRONICS CORP (ATRO)
CIK: 0000008063
Period of Report: 2018-04-27

Reporting Person: PEABODY MARK (VP Astronics Advanced Electron)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-04-27	$.01 PV Common Stock	S	2000	$38.34	Disposed	11368	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
$.01 PV Class B Stock	109005	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$3.27	2018-12-09	$.01 PV Com Stk (16880)	16880	Direct
Option	$3.27	2018-12-09	$.01 PV Cl B Stk (23785)	23785	Direct
Option	$3.27	2019-12-03	$.01 PV Com Stk (16840)	16840	Direct
Option	$3.27	2019-12-03	$.01 PV Cl B Stk (23729)	23729	Direct
Option	$8.82	2020-12-02	$.01 PV Com Stk (6500)	6500	Direct
Option	$8.82	2020-12-02	$.01 PV Cl B Stk (9159)	9159	Direct
Option	$15.63	2021-12-01	$.01 PV Com Stk (4300)	4300	Direct
Option	$15.63	2021-12-01	$.01 PV Cl B Stk (5117)	5117	Direct
Option	$10.58	2022-11-29	$.01 PV Com Stk (7400)	7400	Direct
Option	$10.58	2022-11-29	$.01 PV Cl B Stk (6692)	6692	Direct
Option	$32.72	2023-12-11	$.01 PV Com Stk (2990)	2990	Direct
Option	$32.72	2023-12-11	$.01 PV Cl B Stk (1755)	1755	Direct
Option	$35.46	2024-12-11	$.01 PV Com Stk (3470)	3470	Direct
Option	$35.46	2024-12-11	$.01 PV Cl B Stk (1119)	1119	Direct
Option	$31.88	2025-12-03	$.01 PV Com Stk (4500)	4500	Direct
Option	$31.88	2025-12-03	$.01 PV Cl B Stk (675)	675	Direct
Option	$36.52	2026-12-14	$.01 PV Com Stk (4820)	4820	Direct
Option	$40.95	2027-12-12	$.01 PV Com Stk (7010)	7010	Direct
Restricted Stock Unit	$		$.01 PV Com Stk (1205)	1205	Direct

Footnotes

F1: Shares sold pursuant to a 10b5-1 trading plan.

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.