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ASTRONICS CORP — Director's Dealing 2022
Mar 15, 2022
31886_dirs_2022-03-15_0d39a717-e86f-4801-a3bb-91c1a1e929fa.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: Mulato James (Pres Astronics Test Systems)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-11 | $.01 PV Common Stock | M | 1730 | $0.00 | Acquired | 11331 | Direct |
| 2022-03-11 | $.01 PV Common Stock | F | 513 | $13.18 | Disposed | 10818 | Direct |
| 2022-03-11 | $.01 PV Common Stock | M | 210 | $0.00 | Acquired | 11028 | Direct |
| 2022-03-11 | $.01 PV Common Stock | F | 63 | $13.18 | Disposed | 10965 | Direct |
| 2022-03-04 | .01 PV Common Stock | J | 749.112 | $0.00 | Acquired | 749.112 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-11 | Restricted Stock Unit | $ | M | 2306 | Disposed | $.01 PV Com Stk (0) | Direct | |
| 2022-03-11 | Restricted Stock Unit | $ | M | 210 | Disposed | $.01 PV Com Stk (420) | Direct | |
| 2022-02-24 | Restricted Stock Unit | $ | A | 12550 | Acquired | $.01 PV COM STK (12550) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| $.01 PV Class B Stock | 1195 | Direct |
| $.01 PV Common Stock | 100 | Indirect |
| $.01 PV Class B Stock | 32 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option | $34.75 | 2024-03-31 | $.01 PV Com Stk (2400) | 2400 | Direct |
| Option | $34.75 | 2024-03-31 | $.01 PV Cl B Stk (1980) | 1980 | Direct |
| Option | $30.83 | 2024-12-11 | $.01 PV Com Stk (3300) | 3300 | Direct |
| Option | $30.83 | 2024-12-11 | $.01 PV Cl B Stk (1719) | 1719 | Direct |
| Option | $27.72 | 2025-12-03 | $.01 PV Com Stk (4300) | 4300 | Direct |
| Option | $27.72 | 2025-12-03 | $.01 PV Cl B Stk (1387) | 1387 | Direct |
| Option | $31.76 | 2026-12-14 | $.01 PV Com Stk (6560) | 6560 | Direct |
| Option | $31.76 | 2026-12-14 | $.01 PV Cl B Stk (984) | 984 | Direct |
| Option | $35.61 | 2027-12-12 | $.01 PV Com Stk (7950) | 7950 | Direct |
| Option | $35.61 | 2027-12-12 | $.01 PV Cl B Stk (1193) | 1193 | Direct |
| Option | $31.57 | 2028-12-13 | $.01 PV Com Stk (11570) | 11570 | Direct |
| Option | $30.04 | 2029-12-09 | $.01 PV Com Stk (18150) | 18150 | Direct |
| Restricted Stock Unit | $ | $.01 PV Com Stk (8650) | 8650 | Direct | |
| Option | $14.45 | 2031-01-22 | $.01 PV Com Stk (27000) | 27000 | Direct |
| Restricted Stock Unit | $ | $.01 PV Com Stk (10450) | 10450 | Direct | |
| Option | $11.13 | 2031-12-09 | $.01 PV COM STK (32700) | 32700 | 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: Represents shares owned by his wife.
F4: Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F5: 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.
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.
F7: These restricted stock units vest ratably on each anniversary of the grant date over three years.
F8: 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.
F9: 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.