Peter J. Gundermann - Dec 9, 2021 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
PRESIDENT/CEO, Director
Signature
/S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
Stock symbol
ATRO
Transactions as of
Dec 9, 2021
Transactions value $
$1,288,854
Form type
4
Date filed
12/13/2021, 03:10 PM
Previous filing
Dec 3, 2021
Next filing
Feb 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATRO $.01 PV COMMON STOCK 23.4K Dec 9, 2021 Direct
holding ATRO $.01 PV CLASS B STOCK 721K 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 $1.29M +116K $11.13 116K Dec 9, 2021 $.01 PV COM STK 116K $11.13 Direct
holding ATRO OPTION 18.7K Dec 9, 2021 $.01 PV COM STK 18.7K $9.20 Direct
holding ATRO OPTION 22.3K Dec 9, 2021 $.01 PV CL B STK 22.3K $9.20 Direct
holding ATRO OPTION 8.3K Dec 9, 2021 $.01 PV COM STK 8.3K $28.45 Direct
holding ATRO OPTION 6.85K Dec 9, 2021 $.01 PV CL B STK 6.85K $28.45 Direct
holding ATRO OPTION 10.1K Dec 9, 2021 $.01 PV COM STK 10.1K $30.83 Direct
holding ATRO OPTION 5.26K Dec 9, 2021 $.01 PV CL B STK 5.26K $30.83 Direct
holding ATRO OPTION 13.7K Dec 9, 2021 $.01 PV COM STK 13.7K $27.72 Direct
holding ATRO Option 4.42K Dec 9, 2021 $.01 PV CL B STK 4.42K $27.72 Direct
holding ATRO Option 14.5K Dec 9, 2021 $.01 PV COM STK 14.5K $31.76 Direct
holding ATRO Option 2.17K Dec 9, 2021 $.01 PV CL B STK 2.17K $31.76 Direct
holding ATRO Option 26.3K Dec 9, 2021 $.01 PV COM STK 26.3K $35.61 Direct
holding ATRO Option 3.95K Dec 9, 2021 $.01 PV CL B STK 3.95K $35.61 Direct
holding ATRO Option 34.8K Dec 9, 2021 $.01 PV COM STK 34.8K $31.57 Direct
holding ATRO Restricted Stock Unit 1.83K Dec 9, 2021 $.01 PV COM STK 1.83K Direct F1, F2
holding ATRO Option 61.2K Dec 9, 2021 $.01 PV COM STK 61.2K $30.04 Direct
holding ATRO Restricted Stock Unit 10.2K Dec 9, 2021 $.01 PV COM STK 10.2K Direct F1, F3
holding ATRO Option 98.9K Dec 9, 2021 $.01 PV COM STK 98.9K $14.45 Direct
holding ATRO Restricted Stock Unit 1.05K Dec 9, 2021 $.01 PV COM STK 1.05K Direct F1, F4
holding ATRO Restricted Stock Unit 12.3K Dec 9, 2021 $.01 PV COM STK 12.3K 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 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 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, 2022, with the vesting percentage determined based on actual performance.