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: GUNDERMANN PETER J (Director, PRESIDENT/CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-02	$.01 PV COMMON STOCK	S	2000	$39.6584	Disposed	23595	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-01	Restricted Stock Unit	$	A	1805	Acquired		$.01 PV COM STK (1805)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
$.01 PV CLASS B STOCK	531551	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
OPTION	$3.27	2018-12-09	$.01 PV COM STK (35451)	35451	Direct
OPTION	$3.27	2018-12-09	$.01 PV CL B STK (51588)	51588	Direct
OPTION	$3.27	2019-12-03	$.01 PV COM STK (37480)	37480	Direct
OPTION	$3.27	2019-12-03	$.01 PV CL B STK (52812)	52812	Direct
OPTION	$8.82	2020-12-02	$.01 PV COM STK (14700)	14700	Direct
OPTION	$8.82	2020-12-02	$.01 PV CL B STK (20714)	20714	Direct
OPTION	$15.63	2021-12-01	$.01 PV COM STK (10700)	10700	Direct
OPTION	$15.63	2021-12-01	$.01 PV CL B STK (12734)	12734	Direct
OPTION	$10.58	2022-11-29	$.01 PV COM STK (18700)	18700	Direct
OPTION	$10.58	2022-11-29	$.01 PV CL B STK (16912)	16912	Direct
OPTION	$32.72	2023-12-11	$.01 PV COM STK (8300)	8300	Direct
OPTION	$32.72	2023-12-11	$.01 PV CL B STK (4872)	4872	Direct
OPTION	$35.46	2024-12-11	$.01 PV COM STK (10100)	10100	Direct
OPTION	$35.46	2024-12-11	$.01 PV CL B STK (3257)	3257	Direct
OPTION	$31.88	2025-12-03	$.01 PV COM STK (13700)	13700	Direct
Option	$31.88	2025-12-03	$.01 PV CL B STK (2055)	2055	Direct
Option	$36.52	2026-12-14	$.01 PV COM STK (14460)	14460	Direct
Option	$40.95	2027-12-12	$.01 PV COM STK (26300)	26300	Direct

Footnotes

F1: 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.