James Mulato - 09 Dec 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
Issuer symbol: ATRO
Transactions as of: 09 Dec 2021
Net transactions value: +$363,951
Form type: 4
Filing time: 13 Dec 2021, 15:11:10 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						9,601	09 Dec 2021	Direct
holding	ATRO	$.01 PV Class B Stock						1,195	09 Dec 2021	Direct
holding	ATRO	$.01 PV Common Stock						100	09 Dec 2021	Spouse	F1
holding	ATRO	$.01 PV Class B Stock						32	09 Dec 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	$363,951	+32,700		$11.13	32,700	09 Dec 2021	$.01 PV COM STK	32,700	$11.13	Direct
holding	ATRO	Option						2,400	09 Dec 2021	$.01 PV Com Stk	2,400	$34.75	Direct
holding	ATRO	Option						1,980	09 Dec 2021	$.01 PV Cl B Stk	1,980	$34.75	Direct
holding	ATRO	Option						3,300	09 Dec 2021	$.01 PV Com Stk	3,300	$30.83	Direct
holding	ATRO	Option						1,719	09 Dec 2021	$.01 PV Cl B Stk	1,719	$30.83	Direct
holding	ATRO	Option						4,300	09 Dec 2021	$.01 PV Com Stk	4,300	$27.72	Direct
holding	ATRO	Option						1,387	09 Dec 2021	$.01 PV Cl B Stk	1,387	$27.72	Direct
holding	ATRO	Option						6,560	09 Dec 2021	$.01 PV Com Stk	6,560	$31.76	Direct
holding	ATRO	Option						984	09 Dec 2021	$.01 PV Cl B Stk	984	$31.76	Direct
holding	ATRO	Option						7,950	09 Dec 2021	$.01 PV Com Stk	7,950	$35.61	Direct
holding	ATRO	Option						1,193	09 Dec 2021	$.01 PV Cl B Stk	1,193	$35.61	Direct
holding	ATRO	Option						11,570	09 Dec 2021	$.01 PV Com Stk	11,570	$31.57	Direct
holding	ATRO	Restricted Stock Unit						2,306	09 Dec 2021	$.01 PV Com Stk	2,306		Direct	F2, F3
holding	ATRO	Option						18,150	09 Dec 2021	$.01 PV Com Stk	18,150	$30.04	Direct
holding	ATRO	Restricted Stock Unit						8,650	09 Dec 2021	$.01 PV Com Stk	8,650		Direct	F2, F4
holding	ATRO	Option						27,000	09 Dec 2021	$.01 PV Com Stk	27,000	$14.45	Direct
holding	ATRO	Restricted Stock Unit						630	09 Dec 2021	$.01 PV Com Stk	630		Direct	F2, F5
holding	ATRO	Restricted Stock Unit						10,450	09 Dec 2021	$.01 PV Com Stk	10,450		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.