ASTRONICS CORP — Director's Dealing 2020

Jun 10, 2020

SEC Form 4/A — Form 4/A

Issuer: ASTRONICS CORP (ATRO)
CIK: 0000008063
Period of Report: 2020-06-05

Reporting Person: Keane Robert S (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-05	$0.01 PV Common Stock	J	178904	$0.00	Disposed	2222	Indirect
2020-06-05	$0.01 PV Common Stock	J	44726	$0.00	Acquired	44726	Indirect
2020-06-05	$0.01 PV Class B Stock	J	297488	$0.00	Disposed	0	Indirect
2020-06-05	$0.01 PV Class B Stock	J	74372	$0.00	Acquired	74372	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
$0.01 PV Class B Stock	1495340	Indirect
$0.01 PV Common Stock	44200	Indirect
$0.01 PV Class B Stock	206886	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$35.81	2020-06-10	$.01 PV Common Stock (2000)	2000	Indirect
Option	$35.81	2020-06-10	$.01 PV Class B Stock (1650)	1650	Indirect
Option	$45.88	2020-06-10	$.01 PV Common Stock (3000)	3000	Indirect
Option	$45.88	2020-06-10	$.01 PV Class B Stock (1563)	1563	Indirect
Otion	$22.93	2020-06-10	$.01 PV Common Stock (4000)	4000	Indirect
Option	$22.93	2020-06-10	$.01 PV Class B Stock (1290)	1290	Indirect
Option	$28.50	2020-06-10	$.01 PV Common Stock (4000)	4000	Indirect
Option	$28.50	2020-06-10	$.01 PV Class B Stock (600)	600	Indirect
Option	$34.04	2021-06-10	$.01 PV Common Stock (4000)	4000	Indirect
Option	$34.04	2021-06-10	$.01 PV Class B Stock (600)	600	Indirect
Restricted Stock Unit	$		$.01 PV Common Stock (5600)	5600	Direct

Footnotes

F1: The direct owner is the Estate of Kevin T. Keane. The Reporting Person is one of multiple beneficiaries to a trust to be established by that estate. The entire amount of the estate's interest is reported on this form, however the Reporting Person's proportionate interest is below 25%. Shares held by the estate have been transferred to entities beneficially owned by descendants of Kevin T. Keane in an estate planning transactions. As a result, 134,178 Shares of Common Stock have been transferred to entities of which certain of the Reporting Persons's siblings are the primary beneficiary trusts. 44,726 shares of Common Stock have been transferred to Boston & Saranac LLC, a Delaware limited liability company 100% owned by a trust whose beneficiaries are the Reporting Person and his Spouse ("Boston & Saranac").

F2: The direct owner is Boston & Saranac.

F3: As a result of the same estate planning transaction in Note 1 above, 223,116 shares of Class B Stock have been transferred to entities 100% owned by trusts whose beneficiaries are the siblings or the descendants of siblings of the Reporting Person ("Sibling Trusts"). 74,372 shares of Class B Stock have been transferred to Boston & Saranac.

F4: As a result of the same estate planning transaction in Note 1 above, 25% of the ownership of 5096 Saranac LLC, a Delaware corporation established by a trust of the Reporting Person's father which is the owner of 1,495,340 shares of Class B Stock, has been transferred from the trust to Boston & Saranac, and the remaining 75% to the Sibling Trusts.

F5: Reporting Person is one of multiple potential beneficiaries to the direct owner of these shares, which is a trust (EAK & KRK Trustees U/A/D 10-15-97 FBO Elizabeth A. Keane). The entire amount of the trust's interest is reported on this form, however the Reporting Person's proportionate interest is approximately 25%.

F6: Each restricted stock unit represents the right to receive, at settlement, one share of common stock.

F7: These restricted stock units are scheduled to vest 100% on August 28, 2020.