PETER J. GUNDERMANN - 28 Jan 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
Issuer symbol
ATRO
Transactions as of
28 Jan 2022
Net transactions value
$0
Form type
4
Filing time
01 Feb 2022, 15:59:08 UTC
Previous filing
13 Dec 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
transaction ATRO $.01 PV COMMON STOCK Options Exercise $172,040 +18,700 +80% $9.20 42,063 28 Jan 2022 Direct
transaction ATRO $.01 PV CLASS B STOCK Options Exercise $204,737 +22,254 +3.1% $9.20 743,493 28 Jan 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 $172,040 -18,700 -100% $9.20 0 28 Jan 2022 $.01 PV COM STK 18,700 $9.20 Direct
transaction ATRO OPTION Options Exercise $204,737 -22,254 -100% $9.20 0 28 Jan 2022 $.01 PV CL B STK 22,254 $9.20 Direct
holding ATRO OPTION 8,300 28 Jan 2022 $.01 PV COM STK 8,300 $28.45 Direct
holding ATRO OPTION 6,848 28 Jan 2022 $.01 PV CL B STK 6,848 $28.45 Direct
holding ATRO OPTION 10,100 28 Jan 2022 $.01 PV COM STK 10,100 $30.83 Direct
holding ATRO OPTION 5,261 28 Jan 2022 $.01 PV CL B STK 5,261 $30.83 Direct
holding ATRO OPTION 13,700 28 Jan 2022 $.01 PV COM STK 13,700 $27.72 Direct
holding ATRO Option 4,418 28 Jan 2022 $.01 PV CL B STK 4,418 $27.72 Direct
holding ATRO Option 14,460 28 Jan 2022 $.01 PV COM STK 14,460 $31.76 Direct
holding ATRO Option 2,169 28 Jan 2022 $.01 PV CL B STK 2,169 $31.76 Direct
holding ATRO Option 26,300 28 Jan 2022 $.01 PV COM STK 26,300 $35.61 Direct
holding ATRO Option 3,945 28 Jan 2022 $.01 PV CL B STK 3,945 $35.61 Direct
holding ATRO Option 34,790 28 Jan 2022 $.01 PV COM STK 34,790 $31.57 Direct
holding ATRO Restricted Stock Unit 1,832 28 Jan 2022 $.01 PV COM STK 1,832 Direct F1, F2
holding ATRO Option 61,200 28 Jan 2022 $.01 PV COM STK 61,200 $30.04 Direct
holding ATRO Restricted Stock Unit 10,175 28 Jan 2022 $.01 PV COM STK 10,175 Direct F1, F3
holding ATRO Option 98,900 28 Jan 2022 $.01 PV COM STK 98,900 $14.45 Direct
holding ATRO Restricted Stock Unit 1,052 28 Jan 2022 $.01 PV COM STK 1,052 Direct F1, F4
holding ATRO Restricted Stock Unit 12,275 28 Jan 2022 $.01 PV COM STK 12,275 Direct F1, F5
holding ATRO Option 115,800 28 Jan 2022 $.01 PV COM STK 115,800 $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.