David C. Burney - Sep 30, 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
Stock symbol
ATRO
Transactions as of
Sep 30, 2021
Transactions value $
$21,247
Form type
4
Date filed
10/1/2021, 04:27 PM
Previous filing
Mar 15, 2022
Next filing
Dec 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV COMMON STOCK Award $21.2K +3.16K +8.01% $6.73 42.6K Sep 30, 2021 Direct F1
holding ATRO $.01 PV CLASS B STOCK 192K Sep 30, 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 3.6K Sep 30, 2021 $.01 PV COM STK 3.6K $13.59 Direct
holding ATRO OPTION 5.47K Sep 30, 2021 $.01 PV CL B STK 5.47K $13.59 Direct
holding ATRO OPTION 6.4K Sep 30, 2021 $.01 PV COM STK 6.4K $9.20 Direct
holding ATRO OPTION 7.62K Sep 30, 2021 $.01 PV CL B STK 7.62K $9.20 Direct
holding ATRO OPTION 2.6K Sep 30, 2021 $.01 PV COM STK 2.6K $28.45 Direct
holding ATRO Option 2.15K Sep 30, 2021 $.01 PV CL B STK 2.15K $28.45 Direct
holding ATRO OPTION 3.15K Sep 30, 2021 $.01 PV COM STK 3.15K $30.83 Direct
holding ATRO Option 1.64K Sep 30, 2021 $.01 PV CL B STK 1.64K $30.83 Direct
holding ATRO Option 4.1K Sep 30, 2021 $.01 PV COM STK 4.1K $27.72 Direct
holding ATRO Option 1.32K Sep 30, 2021 $.01 PV CL B STK 1.32K $27.72 Direct
holding ATRO Option 4.37K Sep 30, 2021 $.01 PV COM STK 4.37K $31.76 Direct
holding ATRO Option 656 Sep 30, 2021 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6.35K Sep 30, 2021 $.01 PV COM STK 6.35K $35.61 Direct
holding ATRO Option 953 Sep 30, 2021 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8.41K Sep 30, 2021 $.01 PV COM STK 8.41K $31.57 Direct
holding ATRO Restricted Stock Unit 1.11K Sep 30, 2021 $.01 PV COM STK 1.11K Direct F2, F3
holding ATRO Option 13.6K Sep 30, 2021 $.01 PV COM STK 13.6K $30.04 Direct
holding ATRO Restricted Stock Unit 6.63K Sep 30, 2021 $.01 PV COM STK 6.63K Direct F2, F4
holding ATRO Option 20.3K Sep 30, 2021 $.01 PV COM STK 20.3K $14.45 Direct
holding ATRO Restricted Stock Unit 8K Sep 30, 2021 $.01 PV COM STK 8K Direct F2, F5
holding ATRO Restricted Stock Unit 655 Sep 30, 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.