Mark Peabody - Dec 9, 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
Stock symbol
ATRO
Transactions as of
Dec 9, 2021
Transactions value $
$272,685
Form type
4
Date filed
12/13/2021, 03:06 PM
Previous filing
Oct 1, 2021
Next filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATRO $.01 PV Common Stock 28.9K Dec 9, 2021 Direct
holding ATRO $.01 PV Class B Stock 198K Dec 9, 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
transaction ATRO Opton Award $273K +24.5K $11.13 24.5K Dec 9, 2021 $.01 PV COM STK 24.5K $11.13 Direct
holding ATRO Option 7.4K Dec 9, 2021 $.01 PV Com Stk 7.4K $9.20 Direct
holding ATRO Option 8.81K Dec 9, 2021 $.01 PV Cl B Stk 8.81K $9.20 Direct
holding ATRO Option 2.99K Dec 9, 2021 $.01 PV Com Stk 2.99K $28.45 Direct
holding ATRO Option 2.47K Dec 9, 2021 $.01 PV Cl B Stk 2.47K $28.45 Direct
holding ATRO Option 3.47K Dec 9, 2021 $.01 PV Com Stk 3.47K $30.83 Direct
holding ATRO Option 1.81K Dec 9, 2021 $.01 PV Cl B Stk 1.81K $30.83 Direct
holding ATRO Option 4.5K Dec 9, 2021 $.01 PV Com Stk 4.5K $27.72 Direct
holding ATRO Option 1.45K Dec 9, 2021 $.01 PV Cl B Stk 1.45K $27.72 Direct
holding ATRO Option 4.82K Dec 9, 2021 $.01 PV Com Stk 4.82K $31.76 Direct
holding ATRO Option 723 Dec 9, 2021 $.01 PV Cl B Stk 723 $31.76 Direct
holding ATRO Option 7.01K Dec 9, 2021 $.01 PV Com Stk 7.01K $35.61 Direct
holding ATRO Option 1.05K Dec 9, 2021 $.01 PV Cl B Stk 1.05K $35.61 Direct
holding ATRO Option 9.28K Dec 9, 2021 $.01 PV Com Stk 9.28K $31.57 Direct
holding ATRO Restricted Stock Unit 1.22K Dec 9, 2021 $.01 PV Com Stk 1.22K Direct F1, F2
holding ATRO Option 13.6K Dec 9, 2021 $.01 PV Com Stk 13.6K $30.04 Direct
holding ATRO Restricted Stock Unit 6.63K Dec 9, 2021 $.01 PV Com Stk 6.63K Direct F1, F3
holding ATRO Option 20.3K Dec 9, 2021 $.01 PV Com Stk 20.3K $14.45 Direct
holding ATRO Restricted Stock Unit 886 Dec 9, 2021 $.01 PV Com Stk 886 Direct F1, F4
holding ATRO Restricted Stock Unit 9.83K Dec 9, 2021 $.01 PV Com Stk 9.83K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F5 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.