ASTRONICS CORP — Director's Dealing 2020

Nov 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASTRONICS CORP (ATRO)
CIK: 0000008063
Period of Report: 2020-11-24

Reporting Person: KRAMER JAMES S (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-24	$.01 PV Common Stock	M	4350	$7.68	Acquired	53125	Direct
2020-11-24	$.01 PV Common Stock	M	3113	$12.82	Disposed	50012	Direct
2020-11-24	$.01 PV Class B Stock	M	7701	$7.68	Acquired	402962	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-24	Option	$7.68	M	4350	Disposed	2020-12-02	$.01 PV Com Stk (4350)	Direct
2020-11-24	Option	$7.68	M	7701	Disposed	2020-12-02	$.01 PV Cl B Stk (7701)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
$.01 PV Common Stock	787	Indirect
$.01 PV Class B Stock	254	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$13.59	2021-12-01	$.01 PV Com Stk (3200)	3200	Direct
Option	$13.59	2021-12-01	$.01 PV Cl B Stk (4859)	4859	Direct
Option	$9.20	2022-11-29	$.01 PV Com Stk (5700)	5700	Direct
Option	$9.20	2022-11-29	$.01 PV Cl B Stk (6783)	6784	Direct
Option	$28.45	2023-12-11	$.01 PV Com Stk (2330)	2330	Direct
Option	$28.45	2023-12-11	$.01 PV Cl B Stk (1922)	1923	Direct
Option	$30.83	2024-12-11	$.01 PV Com Stk (2720)	2720	Direct
Option	$30.83	2024-12-11	$.01 PV Cl B Stk (1417)	1417	Direct
Option	$27.72	2025-12-03	$.01 PV Com Stk (3500)	3500	Direct
Option	$27.72	2025-12-03	$.01 PV Cl B Stk (1129)	1129	Direct
Option	$31.76	2026-12-14	$.01 PV Com Stk (3670)	3670	Direct
Option	$31.76	2026-12-14	$.01 PV Cl B Stk (551)	551	Direct
Option	$35.61	2027-12-12	$.01 PV Com Stk (5340)	5340	Direct
Option	$35.61	2027-12-12	$.01 PV Cl B Stk (801)	801	Direct
Restricted Stock Unit	$		$.01 PV Com Stk (920)	920	Direct
Restricted Stock Unit	$		$.01 PV Cl B Stk (138)	138	Direct
Option	$31.57	2028-12-13	$.01 PV Com Stk (7060)	7060	Direct
Restricted Stock Unit	$		$.01 PV Com Stk (929)	929	Direct
Option	$30.04	2029-12-09	$.01 PV Com Stk (13600)	13600	Direct
Restricted Stock Unit	$		$.01 PV Com Stk (6100)	6100	Direct

Footnotes

F1: Represents shares held by James Shore Kramer Cust for Leah Jane Kramer. The beneficiary is the reporting person's immediate family.

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.

F5: Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period of January 1, 2019-December 31, 2021. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2021, with the vesting percentage determined based on actual performance.

F6: Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January1, 2020- December
31, 2022. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December
31, 2022, with the vesting percentage determined based on actual performance.