David C. Burney - Mar 11, 2020 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP-FINANCE, CFO
Signature
/S/Julie Davis, as power of attorney for David C. Burney
Stock symbol
ATRO
Transactions as of
Mar 11, 2020
Transactions value $
-$5,443
Form type
4
Date filed
3/15/2022, 05:02 PM
Next filing
Oct 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV COMMON STOCK Options Exercise $0 +830 +1.95% $0.00 43.4K Mar 11, 2022 Direct
transaction ATRO $.01 PV COMMON STOCK Tax liability -$4.3K -326 -0.75% $13.18 43.1K Mar 11, 2022 Direct F1
transaction ATRO $.01 PV COMMON STOCK Options Exercise $0 +219 +0.51% $0.00 43.3K Mar 11, 2022 Direct
transaction ATRO $.01 PV COMMON STOCK Tax liability -$1.15K -87 -0.2% $13.18 43.2K Mar 11, 2022 Direct F1
transaction ATRO $.01 PV COMMON STOCK Other $0 +984 +2.28% $0.00 44.2K Mar 4, 2022 Direct F2
holding ATRO $.01 PV CLASS B STOCK 192K Mar 11, 2020 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 Restricted Stock Unit Options Exercise $0 -1.11K -100% $0.00* 0 Mar 11, 2022 $.01 PV COM STK 1.11K Direct F3, F4
transaction ATRO Restricted Stock Unit Options Exercise $0 -219 -33.44% $0.00 436 Mar 11, 2022 $.01 PV COM STK 655 Direct F3, F7
holding ATRO OPTION 6.4K Mar 11, 2020 $.01 PV COM STK 6.4K $9.20 Direct
holding ATRO OPTION 7.62K Mar 11, 2020 $.01 PV CL B STK 7.62K $9.20 Direct
holding ATRO OPTION 2.6K Mar 11, 2020 $.01 PV COM STK 2.6K $28.45 Direct
holding ATRO Option 2.15K Mar 11, 2020 $.01 PV CL B STK 2.15K $28.45 Direct
holding ATRO OPTION 3.15K Mar 11, 2020 $.01 PV COM STK 3.15K $30.83 Direct
holding ATRO Option 1.64K Mar 11, 2020 $.01 PV CL B STK 1.64K $30.83 Direct
holding ATRO Option 4.1K Mar 11, 2020 $.01 PV COM STK 4.1K $27.72 Direct
holding ATRO Option 1.32K Mar 11, 2020 $.01 PV CL B STK 1.32K $27.72 Direct
holding ATRO Option 4.37K Mar 11, 2020 $.01 PV COM STK 4.37K $31.76 Direct
holding ATRO Option 656 Mar 11, 2020 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6.35K Mar 11, 2020 $.01 PV COM STK 6.35K $35.61 Direct
holding ATRO Option 953 Mar 11, 2020 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8.41K Mar 11, 2020 $.01 PV COM STK 8.41K $31.57 Direct
holding ATRO Option 13.6K Mar 11, 2020 $.01 PV COM STK 13.6K $30.04 Direct
holding ATRO Restricted Stock Unit 6.63K Mar 11, 2020 $.01 PV COM STK 6.63K Direct F3, F5
holding ATRO Option 20.3K Mar 11, 2020 $.01 PV COM STK 20.3K $14.45 Direct
holding ATRO Restricted Stock Unit 8K Mar 11, 2020 $.01 PV COM STK 8K Direct F3, F6
holding ATRO Option 24.5K Mar 11, 2020 $.01 PV COM STK 24.5K $11.13 Direct
holding ATRO Restricted Stock Unit 9.6K Mar 11, 2020 $.01 PV COM STK 9.6K Direct F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Astronics Corp. to satisfy applicable withholding tax upon vesting of restricted stock units.
F2 Reflects issuer's contribution to the reporting person's account in the issuer stock fund included in the issuer's 401(k) plan. The shares are held in the 401(k) account.
F3 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F4 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 in Table II. Based on actual performance, 75% of the target number of units vested on December 31, 2021.
F5 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.
F6 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, 2023, with the vesting percentage determined based on actual performance.
F7 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F8 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 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.