DAVID C. BURNEY - 09 Dec 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
Issuer symbol
ATRO
Transactions as of
09 Dec 2021
Net transactions value
+$272,685
Form type
4
Filing time
13 Dec 2021, 15:07:58 UTC
Previous filing
01 Oct 2021
Next filing
28 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATRO $.01 PV COMMON STOCK 42,552 09 Dec 2021 Direct
holding ATRO $.01 PV CLASS B STOCK 191,833 09 Dec 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 $272,685 +24,500 $11.13 24,500 09 Dec 2021 $.01 PV COM STK 24,500 $11.13 Direct
holding ATRO OPTION 6,400 09 Dec 2021 $.01 PV COM STK 6,400 $9.20 Direct
holding ATRO OPTION 7,616 09 Dec 2021 $.01 PV CL B STK 7,616 $9.20 Direct
holding ATRO OPTION 2,600 09 Dec 2021 $.01 PV COM STK 2,600 $28.45 Direct
holding ATRO Option 2,145 09 Dec 2021 $.01 PV CL B STK 2,145 $28.45 Direct
holding ATRO OPTION 3,150 09 Dec 2021 $.01 PV COM STK 3,150 $30.83 Direct
holding ATRO Option 1,641 09 Dec 2021 $.01 PV CL B STK 1,641 $30.83 Direct
holding ATRO Option 4,100 09 Dec 2021 $.01 PV COM STK 4,100 $27.72 Direct
holding ATRO Option 1,322 09 Dec 2021 $.01 PV CL B STK 1,322 $27.72 Direct
holding ATRO Option 4,370 09 Dec 2021 $.01 PV COM STK 4,370 $31.76 Direct
holding ATRO Option 656 09 Dec 2021 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6,350 09 Dec 2021 $.01 PV COM STK 6,350 $35.61 Direct
holding ATRO Option 953 09 Dec 2021 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8,410 09 Dec 2021 $.01 PV COM STK 8,410 $31.57 Direct
holding ATRO Restricted Stock Unit 1,106 09 Dec 2021 $.01 PV COM STK 1,106 Direct F1, F2
holding ATRO Option 13,600 09 Dec 2021 $.01 PV COM STK 13,600 $30.04 Direct
holding ATRO Restricted Stock Unit 6,625 09 Dec 2021 $.01 PV COM STK 6,625 Direct F1, F3
holding ATRO Option 20,250 09 Dec 2021 $.01 PV COM STK 20,250 $14.45 Direct
holding ATRO Restricted Stock Unit 8,000 09 Dec 2021 $.01 PV COM STK 8,000 Direct F1, F4
holding ATRO Restricted Stock Unit 655 09 Dec 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.