James S. Kramer - Jun 3, 2022 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Executive Vice President
Signature
/s/Julie Davis, as Power of Attorney for James S. Kramer
Stock symbol
ATRO
Transactions as of
Jun 3, 2022
Transactions value $
$260,058
Form type
4
Date filed
12/20/2022, 03:19 PM
Previous filing
Mar 15, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Common Stock Other $0 +211 +0.39% $0.00 54.9K Jun 3, 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +245 +0.45% $0.00 55.1K Aug 31, 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +217 +0.39% $0.00 55.3K Dec 9, 2022 Direct F1
transaction ATRO $.01 PV Common Stock Will/Inheritance $0 -35.6K -64.24% $0.00 19.8K Dec 13, 2022 Direct
transaction ATRO $.01 PV Class B Stock Will/Inheritance $0 -280K -69.4% $0.00 123K Dec 12, 2022 Direct
transaction ATRO $.01 PV Common Stock Will/Inheritance $0 +35.6K $0.00 35.6K Dec 13, 2022 Estate executor James Kramer F2
transaction ATRO $.01 PV Class B Stock Will/Inheritance $0 +280K $0.00 280K Dec 12, 2022 Estate executor James Kramer F2

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 $260K +26.7K $9.74 26.7K Dec 16, 2022 $.01 PV Com Stk 26.7K $9.74 Direct
holding ATRO Option 2.33K Jun 3, 2022 $.01 PV Com Stk 2.33K $28.45 Direct
holding ATRO Option 1.92K Jun 3, 2022 $.01 PV Cl B Stk 1.92K $28.45 Direct
holding ATRO Option 2.72K Jun 3, 2022 $.01 PV Com Stk 2.72K $30.83 Direct
holding ATRO Option 1.42K Jun 3, 2022 $.01 PV Cl B Stk 1.42K $30.83 Direct
holding ATRO Option 3.5K Jun 3, 2022 $.01 PV Com Stk 3.5K $27.72 Direct
holding ATRO Option 1.13K Jun 3, 2022 $.01 PV Cl B Stk 1.13K $27.72 Direct
holding ATRO Option 3.67K Jun 3, 2022 $.01 PV Com Stk 3.67K $31.76 Direct
holding ATRO Option 551 Jun 3, 2022 $.01 PV Cl B Stk 551 $31.76 Direct
holding ATRO Option 5.34K Jun 3, 2022 $.01 PV Com Stk 5.34K $35.61 Direct
holding ATRO Option 801 Jun 3, 2022 $.01 PV Cl B Stk 801 $35.61 Direct
holding ATRO Option 7.06K Jun 3, 2022 $.01 PV Com Stk 7.06K $31.57 Direct
holding ATRO Option 13.6K Jun 3, 2022 $.01 PV Com Stk 13.6K $30.04 Direct
holding ATRO Restricted Stock Unit 6.1K Jun 3, 2022 $.01 PV Com Stk 6.1K Direct F3, F4
holding ATRO Option 20.3K Jun 3, 2022 $.01 PV Com Stk 20.3K $14.45 Direct
holding ATRO Restricted Stock Unit 349 Jun 3, 2022 $.01 PV Com Stk 349 Direct F3, F5
holding ATRO Restricted Stock Unit 7.38K Jun 3, 2022 $.01 PV Com Stk 7.38K Direct F3, F6
holding ATRO Option 24.5K Jun 3, 2022 $.01 PV COM STK 24.5K $11.13 Direct
holding ATRO Restricted Stock Unit 8.85K Jun 3, 2022 $.01 PV Com Stk 8.85K Direct F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Reflects shares previously reported as beneficially owned directly by Mr. Kramer, but are now held through an estate for which Mr. Kramer serves as executor. Mr. Kramer is expected to receive ownership of these shares once the estate is settled.
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 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.