Peter J. Gundermann - Jan 28, 2022 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
Jan 28, 2022
Transactions value $
$0
Form type
4
Date filed
2/1/2022, 03:59 PM
Previous filing
Dec 13, 2021
Next filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV COMMON STOCK Options Exercise $172K +18.7K +80.04% $9.20 42.1K Jan 28, 2022 Direct
transaction ATRO $.01 PV CLASS B STOCK Options Exercise $205K +22.3K +3.09% $9.20 743K Jan 28, 2022 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 Options Exercise -$172K -18.7K -100% $9.20 0 Jan 28, 2022 $.01 PV COM STK 18.7K $9.20 Direct
transaction ATRO OPTION Options Exercise -$205K -22.3K -100% $9.20 0 Jan 28, 2022 $.01 PV CL B STK 22.3K $9.20 Direct
holding ATRO OPTION 8.3K Jan 28, 2022 $.01 PV COM STK 8.3K $28.45 Direct
holding ATRO OPTION 6.85K Jan 28, 2022 $.01 PV CL B STK 6.85K $28.45 Direct
holding ATRO OPTION 10.1K Jan 28, 2022 $.01 PV COM STK 10.1K $30.83 Direct
holding ATRO OPTION 5.26K Jan 28, 2022 $.01 PV CL B STK 5.26K $30.83 Direct
holding ATRO OPTION 13.7K Jan 28, 2022 $.01 PV COM STK 13.7K $27.72 Direct
holding ATRO Option 4.42K Jan 28, 2022 $.01 PV CL B STK 4.42K $27.72 Direct
holding ATRO Option 14.5K Jan 28, 2022 $.01 PV COM STK 14.5K $31.76 Direct
holding ATRO Option 2.17K Jan 28, 2022 $.01 PV CL B STK 2.17K $31.76 Direct
holding ATRO Option 26.3K Jan 28, 2022 $.01 PV COM STK 26.3K $35.61 Direct
holding ATRO Option 3.95K Jan 28, 2022 $.01 PV CL B STK 3.95K $35.61 Direct
holding ATRO Option 34.8K Jan 28, 2022 $.01 PV COM STK 34.8K $31.57 Direct
holding ATRO Restricted Stock Unit 1.83K Jan 28, 2022 $.01 PV COM STK 1.83K Direct F1, F2
holding ATRO Option 61.2K Jan 28, 2022 $.01 PV COM STK 61.2K $30.04 Direct
holding ATRO Restricted Stock Unit 10.2K Jan 28, 2022 $.01 PV COM STK 10.2K Direct F1, F3
holding ATRO Option 98.9K Jan 28, 2022 $.01 PV COM STK 98.9K $14.45 Direct
holding ATRO Restricted Stock Unit 1.05K Jan 28, 2022 $.01 PV COM STK 1.05K Direct F1, F4
holding ATRO Restricted Stock Unit 12.3K Jan 28, 2022 $.01 PV COM STK 12.3K Direct F1, F5
holding ATRO Option 116K Jan 28, 2022 $.01 PV COM STK 116K $11.13 Direct
* 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.