James Mulato - Dec 9, 2021 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Pres Astronics Test Systems
Signature
/s/Julie Davis, as Power of Attorney for James Mulato
Stock symbol
ATRO
Transactions as of
Dec 9, 2021
Transactions value $
$363,951
Form type
4
Date filed
12/13/2021, 03:11 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 9.6K Dec 9, 2021 Direct
holding ATRO $.01 PV Class B Stock 1.2K Dec 9, 2021 Direct
holding ATRO $.01 PV Common Stock 100 Dec 9, 2021 Spouse F1
holding ATRO $.01 PV Class B Stock 32 Dec 9, 2021 Spouse F1

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 $364K +32.7K $11.13 32.7K Dec 9, 2021 $.01 PV COM STK 32.7K $11.13 Direct
holding ATRO Option 2.4K Dec 9, 2021 $.01 PV Com Stk 2.4K $34.75 Direct
holding ATRO Option 1.98K Dec 9, 2021 $.01 PV Cl B Stk 1.98K $34.75 Direct
holding ATRO Option 3.3K Dec 9, 2021 $.01 PV Com Stk 3.3K $30.83 Direct
holding ATRO Option 1.72K Dec 9, 2021 $.01 PV Cl B Stk 1.72K $30.83 Direct
holding ATRO Option 4.3K Dec 9, 2021 $.01 PV Com Stk 4.3K $27.72 Direct
holding ATRO Option 1.39K Dec 9, 2021 $.01 PV Cl B Stk 1.39K $27.72 Direct
holding ATRO Option 6.56K Dec 9, 2021 $.01 PV Com Stk 6.56K $31.76 Direct
holding ATRO Option 984 Dec 9, 2021 $.01 PV Cl B Stk 984 $31.76 Direct
holding ATRO Option 7.95K Dec 9, 2021 $.01 PV Com Stk 7.95K $35.61 Direct
holding ATRO Option 1.19K Dec 9, 2021 $.01 PV Cl B Stk 1.19K $35.61 Direct
holding ATRO Option 11.6K Dec 9, 2021 $.01 PV Com Stk 11.6K $31.57 Direct
holding ATRO Restricted Stock Unit 2.31K Dec 9, 2021 $.01 PV Com Stk 2.31K Direct F2, F3
holding ATRO Option 18.2K Dec 9, 2021 $.01 PV Com Stk 18.2K $30.04 Direct
holding ATRO Restricted Stock Unit 8.65K Dec 9, 2021 $.01 PV Com Stk 8.65K Direct F2, F4
holding ATRO Option 27K Dec 9, 2021 $.01 PV Com Stk 27K $14.45 Direct
holding ATRO Restricted Stock Unit 630 Dec 9, 2021 $.01 PV Com Stk 630 Direct F2, F5
holding ATRO Restricted Stock Unit 10.5K Dec 9, 2021 $.01 PV Com Stk 10.5K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares owned by his wife.
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.