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: Mulato James (Pres Astronics Test Systems)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-01	Restricted Stock Unit	$	A	2175	Acquired		$.01 PV Com Stk (2175)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
$.01 PV Common Stock	1582	Direct
$.01 PV Class B Stock	441	Direct
$.01 PV Common Stock	100	Indirect
$.01 PV Class B Stock	15	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$39.96	2024-03-31	$.01 PV Com Stk (2400)	2400	Direct
Option	$39.96	2024-03-31	$.01 PV Cl B Stk (1409)	1409	Direct
Option	$35.46	2024-12-11	$.01 PV Com Stk (3300)	3300	Direct
Option	$35.46	2024-12-11	$.01 PV Cl B Stk (1064)	1064	Direct
Option	$31.88	2025-12-03	$.01 PV Com Stk (4300)	4300	Direct
Option	$31.88	2025-12-03	$.01 PV Cl B Stk (645)	645	Direct
Option	$36.52	2026-12-14	$.01 PV Com Stk (6560)	6560	Direct
Option	$40.95	2027-12-12	$.01 PV Com Stk (7950)	7950	Direct

Footnotes

F1: Represents shares owned by his wife.

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.