DAVID C. BURNEY - 11 Mar 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
Issuer symbol
ATRO
Transactions as of
11 Mar 2020
Net transactions value
-$5,443
Form type
4
Filing time
15 Mar 2022, 17:02:20 UTC
Next filing
01 Oct 2021
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 $0 +830 +2% $0.000000 43,382 11 Mar 2022 Direct
transaction ATRO $.01 PV COMMON STOCK Tax liability $4,297 -326 -0.75% $13.18 43,056 11 Mar 2022 Direct F1
transaction ATRO $.01 PV COMMON STOCK Options Exercise $0 +219 +0.51% $0.000000 43,275 11 Mar 2022 Direct
transaction ATRO $.01 PV COMMON STOCK Tax liability $1,147 -87 -0.2% $13.18 43,188 11 Mar 2022 Direct F1
transaction ATRO $.01 PV COMMON STOCK Other $0 +984 +2.3% $0.000000 44,172 04 Mar 2022 Direct F2
holding ATRO $.01 PV CLASS B STOCK 191,833 11 Mar 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 -1,106 -100% $0.000000* 0 11 Mar 2022 $.01 PV COM STK 1,106 Direct F3, F4
transaction ATRO Restricted Stock Unit Options Exercise $0 -219 -33% $0.000000 436 11 Mar 2022 $.01 PV COM STK 655 Direct F3, F7
holding ATRO OPTION 6,400 11 Mar 2020 $.01 PV COM STK 6,400 $9.20 Direct
holding ATRO OPTION 7,616 11 Mar 2020 $.01 PV CL B STK 7,616 $9.20 Direct
holding ATRO OPTION 2,600 11 Mar 2020 $.01 PV COM STK 2,600 $28.45 Direct
holding ATRO Option 2,145 11 Mar 2020 $.01 PV CL B STK 2,145 $28.45 Direct
holding ATRO OPTION 3,150 11 Mar 2020 $.01 PV COM STK 3,150 $30.83 Direct
holding ATRO Option 1,641 11 Mar 2020 $.01 PV CL B STK 1,641 $30.83 Direct
holding ATRO Option 4,100 11 Mar 2020 $.01 PV COM STK 4,100 $27.72 Direct
holding ATRO Option 1,322 11 Mar 2020 $.01 PV CL B STK 1,322 $27.72 Direct
holding ATRO Option 4,370 11 Mar 2020 $.01 PV COM STK 4,370 $31.76 Direct
holding ATRO Option 656 11 Mar 2020 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6,350 11 Mar 2020 $.01 PV COM STK 6,350 $35.61 Direct
holding ATRO Option 953 11 Mar 2020 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8,410 11 Mar 2020 $.01 PV COM STK 8,410 $31.57 Direct
holding ATRO Option 13,600 11 Mar 2020 $.01 PV COM STK 13,600 $30.04 Direct
holding ATRO Restricted Stock Unit 6,625 11 Mar 2020 $.01 PV COM STK 6,625 Direct F3, F5
holding ATRO Option 20,250 11 Mar 2020 $.01 PV COM STK 20,250 $14.45 Direct
holding ATRO Restricted Stock Unit 8,000 11 Mar 2020 $.01 PV COM STK 8,000 Direct F3, F6
holding ATRO Option 24,500 11 Mar 2020 $.01 PV COM STK 24,500 $11.13 Direct
holding ATRO Restricted Stock Unit 9,600 11 Mar 2020 $.01 PV COM STK 9,600 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.