Mark Peabody - Jun 3, 2022 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP Astronics Advanced Electron
Signature
/s/Julie Davis, as Power of Attorney for Mark Peabody
Stock symbol
ATRO
Transactions as of
Jun 3, 2022
Transactions value $
$260,058
Form type
4
Date filed
12/20/2022, 03:26 PM
Previous filing
Mar 15, 2022
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Common Stock Other $0 +320 +1.03% $0.00 31.3K Jun 3, 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +434 +1.39% $0.00 31.7K Aug 31, 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +165 +0.52% $0.00 31.9K Dec 9, 2022 Direct F1
holding ATRO $.01 PV Class B Stock 198K Jun 3, 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 $260K +26.7K $9.74 26.7K Dec 16, 2022 $.01 PV COM STK 26.7K $9.74 Direct
holding ATRO Option 2.99K Jun 3, 2022 $.01 PV Com Stk 2.99K $28.45 Direct
holding ATRO Option 2.47K Jun 3, 2022 $.01 PV Cl B Stk 2.47K $28.45 Direct
holding ATRO Option 3.47K Jun 3, 2022 $.01 PV Com Stk 3.47K $30.83 Direct
holding ATRO Option 1.81K Jun 3, 2022 $.01 PV Cl B Stk 1.81K $30.83 Direct
holding ATRO Option 4.5K Jun 3, 2022 $.01 PV Com Stk 4.5K $27.72 Direct
holding ATRO Option 1.45K Jun 3, 2022 $.01 PV Cl B Stk 1.45K $27.72 Direct
holding ATRO Option 4.82K Jun 3, 2022 $.01 PV Com Stk 4.82K $31.76 Direct
holding ATRO Option 723 Jun 3, 2022 $.01 PV Cl B Stk 723 $31.76 Direct
holding ATRO Option 7.01K Jun 3, 2022 $.01 PV Com Stk 7.01K $35.61 Direct
holding ATRO Option 1.05K Jun 3, 2022 $.01 PV Cl B Stk 1.05K $35.61 Direct
holding ATRO Option 9.28K Jun 3, 2022 $.01 PV Com Stk 9.28K $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 6.63K Jun 3, 2022 $.01 PV Com Stk 6.63K Direct F2, F3
holding ATRO Option 20.3K Jun 3, 2022 $.01 PV Com Stk 20.3K $14.45 Direct
holding ATRO Restricted Stock Unit 590 Jun 3, 2022 $.01 PV Com Stk 590 Direct F2, F4
holding ATRO Restricted Stock Unit 9.83K Jun 3, 2022 $.01 PV Com Stk 9.83K Direct F2, F5
holding ATRO Opton 24.5K Jun 3, 2022 $.01 PV COM STK 24.5K $11.13 Direct
holding ATRO Restricted Stock Unit 11.8K Jun 3, 2022 $.01 PV Com Stk 11.8K Direct F2, F6
* 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 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 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 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.
F6 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.