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ASTRONICS CORP — Director's Dealing 2022
Feb 28, 2022
31886_dirs_2022-02-28_2821cf9c-0c8d-437c-aaf3-7d2879a5e579.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: 2022-02-24
Reporting Person: BURNEY DAVID C (VP-FINANCE, CFO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-24 | Restricted Stock Unit | $ | A | 9600 | Acquired | $.01 PV COM STK (9600) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| $.01 PV COMMON STOCK | 42552 | Direct |
| $.01 PV CLASS B STOCK | 191833 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| OPTION | $9.20 | 2022-11-29 | $.01 PV COM STK (6400) | 6400 | Direct |
| OPTION | $9.20 | 2022-11-29 | $.01 PV CL B STK (7616) | 7616 | Direct |
| OPTION | $28.45 | 2023-12-11 | $.01 PV COM STK (2600) | 2600 | Direct |
| Option | $28.45 | 2023-12-11 | $.01 PV CL B STK (2145) | 2145 | Direct |
| OPTION | $30.83 | 2024-12-11 | $.01 PV COM STK (3150) | 3150 | Direct |
| Option | $30.83 | 2024-12-11 | $.01 PV CL B STK (1641) | 1641 | Direct |
| Option | $27.72 | 2025-12-03 | $.01 PV COM STK (4100) | 4100 | Direct |
| Option | $27.72 | 2025-12-03 | $.01 PV CL B STK (1322) | 1322 | Direct |
| Option | $31.76 | 2026-12-14 | $.01 PV COM STK (4370) | 4370 | Direct |
| Option | $31.76 | 2026-12-14 | $.01 PV CL B STK (656) | 656 | Direct |
| Option | $35.61 | 2027-12-12 | $.01 PV COM STK (6350) | 6350 | Direct |
| Option | $35.61 | 2027-12-12 | $.01 PV CL B STK (953) | 953 | Direct |
| Option | $31.57 | 2028-12-13 | $.01 PV COM STK (8410) | 8410 | Direct |
| Restricted Stock Unit | $ | $.01 PV COM STK (1106) | 1106 | 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 (8000) | 8000 | Direct | |
| Restricted Stock Unit | $ | $.01 PV COM STK (655) | 655 | Direct | |
| Option | $11.13 | 2031-12-09 | $.01 PV COM STK (24500) | 24500 | Direct |
Footnotes
F1: Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F2: Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period of January 1, 2019-
December 31, 2021. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2021, with the vesting percentage determined based on actual performance.
F3: 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.
F4: Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 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.
F5: These restricted stock units vest ratably on each anniversary of the grant date over three years.
F6: Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 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.