MARK PEABODY - 30 Sep 2021 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP Astronics Advanced Electron
Signature
/s/Julie Davis, as Power of Attorney for Mark Peabody
Issuer symbol
ATRO
Transactions as of
30 Sep 2021
Net transactions value
+$21,247
Form type
4
Filing time
01 Oct 2021, 16:32:04 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 +12% $6.73 28,910 30 Sep 2021 Direct F1
holding ATRO $.01 PV Class B Stock 198,494 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 4,300 30 Sep 2021 $.01 PV Com Stk 4,300 $13.59 Direct
holding ATRO Option 6,530 30 Sep 2021 $.01 PV Cl B Stk 6,530 $13.59 Direct
holding ATRO Option 7,400 30 Sep 2021 $.01 PV Com Stk 7,400 $9.20 Direct
holding ATRO Option 8,807 30 Sep 2021 $.01 PV Cl B Stk 8,807 $9.20 Direct
holding ATRO Option 2,990 30 Sep 2021 $.01 PV Com Stk 2,990 $28.45 Direct
holding ATRO Option 2,467 30 Sep 2021 $.01 PV Cl B Stk 2,467 $28.45 Direct
holding ATRO Option 3,470 30 Sep 2021 $.01 PV Com Stk 3,470 $30.83 Direct
holding ATRO Option 1,807 30 Sep 2021 $.01 PV Cl B Stk 1,807 $30.83 Direct
holding ATRO Option 4,500 30 Sep 2021 $.01 PV Com Stk 4,500 $27.72 Direct
holding ATRO Option 1,451 30 Sep 2021 $.01 PV Cl B Stk 1,451 $27.72 Direct
holding ATRO Option 4,820 30 Sep 2021 $.01 PV Com Stk 4,820 $31.76 Direct
holding ATRO Option 723 30 Sep 2021 $.01 PV Cl B Stk 723 $31.76 Direct
holding ATRO Option 7,010 30 Sep 2021 $.01 PV Com Stk 7,010 $35.61 Direct
holding ATRO Option 1,052 30 Sep 2021 $.01 PV Cl B Stk 1,052 $35.61 Direct
holding ATRO Option 9,280 30 Sep 2021 $.01 PV Com Stk 9,280 $31.57 Direct
holding ATRO Restricted Stock Unit 1,220 30 Sep 2021 $.01 PV Com Stk 1,220 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 886 30 Sep 2021 $.01 PV Com Stk 886 Direct F2, F5
holding ATRO Restricted Stock Unit 9,825 30 Sep 2021 $.01 PV Com Stk 9,825 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 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 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.