James Mulato - 30 Sep 2021 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Pres Astronics Test Systems
Signature
/s/Julie Davis, as Power of Attorney for James Mulato
Issuer symbol
ATRO
Transactions as of
30 Sep 2021
Net transactions value
+$21,247
Form type
4
Filing time
01 Oct 2021, 16:31:01 UTC
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 +49% $6.73 9,601 30 Sep 2021 Direct F1
holding ATRO $.01 PV Class B Stock 1,195 30 Sep 2021 Direct
holding ATRO $.01 PV Common Stock 100 30 Sep 2021 Spouse F2
holding ATRO $.01 PV Class B Stock 32 30 Sep 2021 Spouse F2

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 2,400 30 Sep 2021 $.01 PV Com Stk 2,400 $34.75 Direct
holding ATRO Option 1,980 30 Sep 2021 $.01 PV Cl B Stk 1,980 $34.75 Direct
holding ATRO Option 3,300 30 Sep 2021 $.01 PV Com Stk 3,300 $30.83 Direct
holding ATRO Option 1,719 30 Sep 2021 $.01 PV Cl B Stk 1,719 $30.83 Direct
holding ATRO Option 4,300 30 Sep 2021 $.01 PV Com Stk 4,300 $27.72 Direct
holding ATRO Option 1,387 30 Sep 2021 $.01 PV Cl B Stk 1,387 $27.72 Direct
holding ATRO Option 6,560 30 Sep 2021 $.01 PV Com Stk 6,560 $31.76 Direct
holding ATRO Option 984 30 Sep 2021 $.01 PV Cl B Stk 984 $31.76 Direct
holding ATRO Option 7,950 30 Sep 2021 $.01 PV Com Stk 7,950 $35.61 Direct
holding ATRO Option 1,193 30 Sep 2021 $.01 PV Cl B Stk 1,193 $35.61 Direct
holding ATRO Option 11,570 30 Sep 2021 $.01 PV Com Stk 11,570 $31.57 Direct
holding ATRO Restricted Stock Unit 2,306 30 Sep 2021 $.01 PV Com Stk 2,306 Direct F3, F4
holding ATRO Option 18,150 30 Sep 2021 $.01 PV Com Stk 18,150 $30.04 Direct
holding ATRO Restricted Stock Unit 8,650 30 Sep 2021 $.01 PV Com Stk 8,650 Direct F3, F5
holding ATRO Option 27,000 30 Sep 2021 $.01 PV Com Stk 27,000 $14.45 Direct
holding ATRO Restricted Stock Unit 630 30 Sep 2021 $.01 PV Com Stk 630 Direct F3, F6
holding ATRO Restricted Stock Unit 10,450 30 Sep 2021 $.01 PV Com Stk 10,450 Direct F3, F7
* 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 Represents shares owned by his wife.
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 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.
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, 2022, with the vesting percentage determined based on actual performance.