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ASTRONICS CORP — Director's Dealing 2022
Mar 15, 2022
31886_dirs_2022-03-15_37f9dee3-54fb-454d-b060-a4b6e0912fb5.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: PEABODY MARK (VP Astronics Advanced Electron)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-11 | $.01 PV Common Stock | M | 915 | $0.00 | Acquired | 29825 | Direct |
| 2022-03-11 | $.01 PV Common Stock | F | 276 | $13.18 | Disposed | 29549 | Direct |
| 2022-03-11 | $.01 PV Common Stock | M | 296 | $0.00 | Acquired | 29845 | Direct |
| 2022-03-11 | $.01 PV Common Stock | F | 90 | $13.18 | Disposed | 29755 | Direct |
| 2022-03-04 | $.01 PV Common Stock | J | 1204.576 | $0.00 | Acquired | 1204.576 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-09 | Restricted Stock Unit | $ | M | 1220 | Disposed | $.01 PV Com Stk (0) | Direct | |
| 2022-03-09 | Restricted Stock Unit | $ | M | 296 | Disposed | $.01 PV Com Stk (590) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| $.01 PV Class B Stock | 198494 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option | $9.20 | 2022-11-29 | $.01 PV Com Stk (7400) | 7400 | Direct |
| Option | $9.20 | 2022-11-29 | $.01 PV Cl B Stk (8807) | 8807 | Direct |
| Option | $28.45 | 2023-12-11 | $.01 PV Com Stk (2990) | 2990 | Direct |
| Option | $28.45 | 2023-12-11 | $.01 PV Cl B Stk (2467) | 2467 | Direct |
| Option | $30.83 | 2024-12-11 | $.01 PV Com Stk (3470) | 3470 | Direct |
| Option | $30.83 | 2024-12-11 | $.01 PV Cl B Stk (1807) | 1807 | Direct |
| Option | $27.72 | 2025-12-03 | $.01 PV Com Stk (4500) | 4500 | Direct |
| Option | $27.72 | 2025-12-03 | $.01 PV Cl B Stk (1451) | 1451 | Direct |
| Option | $31.76 | 2026-12-14 | $.01 PV Com Stk (4820) | 4820 | Direct |
| Option | $31.76 | 2026-12-14 | $.01 PV Cl B Stk (723) | 723 | Direct |
| Option | $35.61 | 2027-12-12 | $.01 PV Com Stk (7010) | 7010 | Direct |
| Option | $35.61 | 2027-12-12 | $.01 PV Cl B Stk (1052) | 1052 | Direct |
| Option | $31.57 | 2028-12-13 | $.01 PV Com Stk (9280) | 9280 | Direct |
| Option | $30.04 | 2029-12-09 | $.01 PV Com Stk (13600) | 13600 | Direct |
| Restricted Stock Unit | $ | $.01 PV Com Stk (6625) | 6625 | Direct | |
| Option | $14.45 | 2031-01-22 | $.01 PV Com Stk (20250) | 20250 | Direct |
| Restricted Stock Unit | $ | $.01 PV Com Stk (9825) | 9825 | Direct | |
| Opton | $11.13 | 2031-12-09 | $.01 PV COM STK (24500) | 24500 | Direct |
| Restricted Stock Unit | $ | $.01 PV Com Stk (11800) | 11800 | 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.