ASTRONICS CORP — Director's Dealing 2018

Mar 5, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASTRONICS CORP (ATRO)
CIK: 0000008063
Period of Report: 2018-03-01

Reporting Person: BURNEY DAVID C (VP-FINANCE, CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-01	Restricted Stock Unit	$	A	1095	Acquired		$.01 PV COM STK (1095)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
$.01 PV COMMON STOCK	27059	Direct
$.01 PV CLASS B STOCK	116231	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
OPTION	$3.27	2018-12-09	$.01 PV COM STK (12690)	12690	Direct
OPTION	$3.27	2018-12-09	$.01 PV CL B STK (17881)	17881	Direct
OPTION	$3.27	2019-12-03	$.01 PV COM STK (12710)	12710	Direct
OPTION	$3.27	2019-12-03	$.01 PV CL B STK (17909)	17909	Direct
OPTION	$8.82	2020-12-02	$.01 PV COM STK (5000)	5000	Direct
OPTION	$8.82	2020-12-02	$.01 PV CL B STK (7045)	7045	Direct
OPTION	$15.63	2021-12-01	$.01 PV COM STK (3600)	3600	Direct
OPTION	$15.63	2021-12-01	$.01 PV CL B STK (4284)	4284	Direct
OPTION	$10.58	2022-11-29	$.01 PV COM STK (6400)	6400	Direct
OPTION	$10.58	2022-11-29	$.01 PV CL B STK (5788)	5788	Direct
OPTION	$32.72	2023-12-11	$.01 PV COM STK (2600)	2600	Direct
Option	$32.72	2023-12-11	$.01 PV CL B STK (1526)	1526	Direct
OPTION	$35.46	2024-12-11	$.01 PV COM STK (3150)	3150	Direct
Option	$35.46	2024-12-11	$.01 PV CL B STK (1016)	1016	Direct
Option	$31.88	2025-12-03	$.01 PV COM STK (4100)	4100	Direct
Option	$31.88	2025-12-03	$.01 PV CL B STK (615)	615	Direct
Option	$36.52	2026-12-14	$.01 PV COM STK (4370)	4370	Direct
Option	$40.95	2027-12-12	$.01 PV COM STK (6350)	6350	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.