ASTRONICS CORP — Director's Dealing 2020

Jun 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

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	1495340	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 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 father of this form's Reporting Person. The Reporting Person is one of multiple beneficiaries (and one of multiple trustees) 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%. 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, of which the Reporting Person and his spouse are the primary beneficiary trusts.

F2: The direct owner is Boston & Saranac LLC, of which the Reporting Person and his spouse are the primary beneficiary trusts.

F3: The direct owner is 5096 Saranac LLC, of which the Estate of Kevin T. Keane, the estate of the deceased father of this form's Reporting Person, was formerly the direct owner. The Reporting Person is one of multiple beneficiaries (and one of multiple trustees) 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%.

F4: 25% of the ownership of 5096 Saranac LLC has been transferred to Boston & Saranac LLC, of which the Reporting Person and his spouse are the primary beneficiary trusts, and the remaining 75% ownership of 5096 Saranac LLC has been transferred to entities of which certain other of the Reporting Person's siblings are the primary beneficiary trusts. 223,116 shares of Class B Stock have been transferred to entities of which certain of the Reporting Person's siblings are the primary beneficiary trusts. 74,372 shares of Class B Common Stock have been transferred to Boston & Saranac LLC, of which the Reporting Person and his spouse are the primary beneficiary 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 below 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.