James Mulato - 24 Feb 2022 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
24 Feb 2022
Net transactions value
$0
Form type
4
Filing time
28 Feb 2022, 15:41:27 UTC
Previous filing
13 Dec 2021
Next filing
15 Mar 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 24 Feb 2022 Direct
holding ATRO $.01 PV Class B Stock 1,195 24 Feb 2022 Direct
holding ATRO $.01 PV Common Stock 100 24 Feb 2022 Spouse F1
holding ATRO $.01 PV Class B Stock 32 24 Feb 2022 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 Restricted Stock Unit Award $0 +12,550 $0.000000 12,550 24 Feb 2022 $.01 PV COM STK 12,550 Direct F2, F7
holding ATRO Option 2,400 24 Feb 2022 $.01 PV Com Stk 2,400 $34.75 Direct
holding ATRO Option 1,980 24 Feb 2022 $.01 PV Cl B Stk 1,980 $34.75 Direct
holding ATRO Option 3,300 24 Feb 2022 $.01 PV Com Stk 3,300 $30.83 Direct
holding ATRO Option 1,719 24 Feb 2022 $.01 PV Cl B Stk 1,719 $30.83 Direct
holding ATRO Option 4,300 24 Feb 2022 $.01 PV Com Stk 4,300 $27.72 Direct
holding ATRO Option 1,387 24 Feb 2022 $.01 PV Cl B Stk 1,387 $27.72 Direct
holding ATRO Option 6,560 24 Feb 2022 $.01 PV Com Stk 6,560 $31.76 Direct
holding ATRO Option 984 24 Feb 2022 $.01 PV Cl B Stk 984 $31.76 Direct
holding ATRO Option 7,950 24 Feb 2022 $.01 PV Com Stk 7,950 $35.61 Direct
holding ATRO Option 1,193 24 Feb 2022 $.01 PV Cl B Stk 1,193 $35.61 Direct
holding ATRO Option 11,570 24 Feb 2022 $.01 PV Com Stk 11,570 $31.57 Direct
holding ATRO Restricted Stock Unit 2,306 24 Feb 2022 $.01 PV Com Stk 2,306 Direct F2, F3
holding ATRO Option 18,150 24 Feb 2022 $.01 PV Com Stk 18,150 $30.04 Direct
holding ATRO Restricted Stock Unit 8,650 24 Feb 2022 $.01 PV Com Stk 8,650 Direct F2, F4
holding ATRO Option 27,000 24 Feb 2022 $.01 PV Com Stk 27,000 $14.45 Direct
holding ATRO Restricted Stock Unit 630 24 Feb 2022 $.01 PV Com Stk 630 Direct F2, F5
holding ATRO Restricted Stock Unit 10,450 24 Feb 2022 $.01 PV Com Stk 10,450 Direct F2, F6
holding ATRO Option 32,700 24 Feb 2022 $.01 PV COM STK 32,700 $11.13 Direct
* 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, 2023, with the vesting percentage determined based on actual performance.
F7 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January1, 2022- December 31, 2024. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on February 24, 2025, with the vesting percentage determined based on actual performance.