David C. Burney - 30 Sep 2021 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP-FINANCE, CFO
Signature
/S/Julie Davis, as power of attorney for David C. Burney
Issuer symbol
ATRO
Transactions as of
30 Sep 2021
Net transactions value
+$21,247
Form type
4
Filing time
01 Oct 2021, 16:27:10 UTC
Previous filing
15 Mar 2022
Next filing
13 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV COMMON STOCK Award $21,247 +3,157 +8% $6.73 42,552 30 Sep 2021 Direct F1
holding ATRO $.01 PV CLASS B STOCK 191,833 30 Sep 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ATRO OPTION 3,600 30 Sep 2021 $.01 PV COM STK 3,600 $13.59 Direct
holding ATRO OPTION 5,467 30 Sep 2021 $.01 PV CL B STK 5,467 $13.59 Direct
holding ATRO OPTION 6,400 30 Sep 2021 $.01 PV COM STK 6,400 $9.20 Direct
holding ATRO OPTION 7,616 30 Sep 2021 $.01 PV CL B STK 7,616 $9.20 Direct
holding ATRO OPTION 2,600 30 Sep 2021 $.01 PV COM STK 2,600 $28.45 Direct
holding ATRO Option 2,145 30 Sep 2021 $.01 PV CL B STK 2,145 $28.45 Direct
holding ATRO OPTION 3,150 30 Sep 2021 $.01 PV COM STK 3,150 $30.83 Direct
holding ATRO Option 1,641 30 Sep 2021 $.01 PV CL B STK 1,641 $30.83 Direct
holding ATRO Option 4,100 30 Sep 2021 $.01 PV COM STK 4,100 $27.72 Direct
holding ATRO Option 1,322 30 Sep 2021 $.01 PV CL B STK 1,322 $27.72 Direct
holding ATRO Option 4,370 30 Sep 2021 $.01 PV COM STK 4,370 $31.76 Direct
holding ATRO Option 656 30 Sep 2021 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6,350 30 Sep 2021 $.01 PV COM STK 6,350 $35.61 Direct
holding ATRO Option 953 30 Sep 2021 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8,410 30 Sep 2021 $.01 PV COM STK 8,410 $31.57 Direct
holding ATRO Restricted Stock Unit 1,106 30 Sep 2021 $.01 PV COM STK 1,106 Direct F2, F3
holding ATRO Option 13,600 30 Sep 2021 $.01 PV COM STK 13,600 $30.04 Direct
holding ATRO Restricted Stock Unit 6,625 30 Sep 2021 $.01 PV COM STK 6,625 Direct F2, F4
holding ATRO Option 20,250 30 Sep 2021 $.01 PV COM STK 20,250 $14.45 Direct
holding ATRO Restricted Stock Unit 8,000 30 Sep 2021 $.01 PV COM STK 8,000 Direct F2, F5
holding ATRO Restricted Stock Unit 655 30 Sep 2021 $.01 PV COM STK 655 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 ACQUIRED SHARES VIA EXERCISE OF SUBSCRIPTION AGREEMENT UNDER EMPLOYEE STOCK PURCHASE PLAN
F2 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F3 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.
F4 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.
F5 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.
F6 These restricted stock units vest ratably on each anniversary of the grant date over three years.