David C. Burney - Dec 9, 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
Dec 9, 2021
Transactions value $
$272,685
Form type
4
Date filed
12/13/2021, 03:07 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 42.6K Dec 9, 2021 Direct
holding ATRO $.01 PV CLASS B STOCK 192K 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 Option Award $273K +24.5K $11.13 24.5K Dec 9, 2021 $.01 PV COM STK 24.5K $11.13 Direct
holding ATRO OPTION 6.4K Dec 9, 2021 $.01 PV COM STK 6.4K $9.20 Direct
holding ATRO OPTION 7.62K Dec 9, 2021 $.01 PV CL B STK 7.62K $9.20 Direct
holding ATRO OPTION 2.6K Dec 9, 2021 $.01 PV COM STK 2.6K $28.45 Direct
holding ATRO Option 2.15K Dec 9, 2021 $.01 PV CL B STK 2.15K $28.45 Direct
holding ATRO OPTION 3.15K Dec 9, 2021 $.01 PV COM STK 3.15K $30.83 Direct
holding ATRO Option 1.64K Dec 9, 2021 $.01 PV CL B STK 1.64K $30.83 Direct
holding ATRO Option 4.1K Dec 9, 2021 $.01 PV COM STK 4.1K $27.72 Direct
holding ATRO Option 1.32K Dec 9, 2021 $.01 PV CL B STK 1.32K $27.72 Direct
holding ATRO Option 4.37K Dec 9, 2021 $.01 PV COM STK 4.37K $31.76 Direct
holding ATRO Option 656 Dec 9, 2021 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6.35K Dec 9, 2021 $.01 PV COM STK 6.35K $35.61 Direct
holding ATRO Option 953 Dec 9, 2021 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8.41K Dec 9, 2021 $.01 PV COM STK 8.41K $31.57 Direct
holding ATRO Restricted Stock Unit 1.11K Dec 9, 2021 $.01 PV COM STK 1.11K 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 8K Dec 9, 2021 $.01 PV COM STK 8K Direct F1, F4
holding ATRO Restricted Stock Unit 655 Dec 9, 2021 $.01 PV COM STK 655 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 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.
F5 These restricted stock units vest ratably on each anniversary of the grant date over three years.