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ASTRONICS CORP — Director's Dealing 2022
Mar 15, 2022
31886_dirs_2022-03-15_89bcbd8f-dce6-4a0e-98aa-5891fc1ca6d4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ASTRONICS CORP (ATRO)
CIK: 0000008063
Period of Report: 2022-03-11
Reporting Person: KRAMER JAMES S (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-11 | $.01 PV Common Stock | M | 697 | $0.00 | Acquired | 54370 | Direct |
| 2022-03-11 | $.01 PV Common Stock | F | 274 | $13.18 | Disposed | 54096 | Direct |
| 2022-03-11 | $.01 PV Common Stock | M | 175 | $0.00 | Acquired | 54271 | Direct |
| 2022-03-11 | $.01 PV Common Stock | F | 69 | $13.18 | Disposed | 54202 | Direct |
| 2022-03-04 | $.01 PV Common Stock | J | 681.237 | $0.00 | Acquired | 681.237 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-11 | Restricted Stock Unit | $ | M | 929 | Disposed | $.01 PV Com Stk (0) | Direct | |
| 2022-03-11 | Restricted Stock Unit | $ | M | 175 | Disposed | $.01 PV Com Stk (349) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| $.01 PV Class B Stock | 403100 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 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 |
| Option | $31.57 | 2028-12-13 | $.01 PV Com Stk (7060) | 7060 | Direct |
| Option | $30.04 | 2029-12-09 | $.01 PV Com Stk (13600) | 13600 | Direct |
| Restricted Stock Unit | $ | $.01 PV Com Stk (6100) | 6100 | Direct | |
| Option | $14.45 | 2031-01-22 | $.01 PV Com Stk (20250) | 20250 | Direct |
| Restricted Stock Unit | $ | $.01 PV Com Stk (7375) | 7375 | Direct | |
| Option | $11.13 | 2031-12-09 | $.01 PV COM STK (24500) | 24500 | Direct |
| Restricted Stock Unit | $ | $.01 PV Com Stk (8850) | 8850 | Direct |
Footnotes
F1: Shares withheld by Astronics Corp. to satisfy applicable withholding tax upon vesting of restricted stock units.
F2: Reflects issuer's contribution to the reporting person's account in the issuer stock fund included in the issuer's 401(k) plan. The shares are held in the 401(k) account.
F3: Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F4: Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2019-December 31, 2021. The "target" number of restricted stock units is reported in Table II. Based on actual performance, 75% of the target number of units vested on December 31, 2021.
F5: 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.
F6: These restricted stock units vest ratably on each anniversary of the grant date over three years.
F7: Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January1, 2021- December 31, 2023. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2023, with the vesting percentage determined based on actual performance.
F8: Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January1, 2022- December 31, 2024. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on February 24, 2025, with the vesting percentage determined based on actual performance.