Michael C. Kuehn - 03 Jun 2022 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role: Executive Vice President
Signature: /s/Julie Davis, as Power of Attorney for Michael Kuehn
Issuer symbol: ATRO
Transactions as of: 03 Jun 2022
Net transactions value: +$346,744
Form type: 4
Filing time: 20 Dec 2022, 15:28:14 UTC
Previous filing: 15 Mar 2022
Next filing: 27 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ATRO	$.01 PV Com Stk	Other	$0	+245	+8%	$0.000000	3,299	03 Jun 2022	Direct	F1
transaction	ATRO	$.01 PV Com Stk	Other	$0	+333	+10%	$0.000000	3,633	31 Aug 2022	Direct	F1
transaction	ATRO	$.01 PV Com Stk	Other	$0	+253	+7%	$0.000000	3,886	09 Dec 2022	Direct	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	Option	Options Exercise	$346,744	+35,600		$9.74	35,600	16 Dec 2022	$.01 PV COM STK	35,600	$9.74	Direct
holding	ATRO	Option						8,050	03 Jun 2022	$.01PV Com Stk	8,050	$35.61	Direct
holding	ATRO	Option						1,208	03 Jun 2022	$.01 PV Cl B Stk	1,208	$35.61	Direct
holding	ATRO	Option						12,360	03 Jun 2022	$.01PV Com Stk	12,360	$31.57	Direct
holding	ATRO	Option						18,150	03 Jun 2022	$.01PV Com Stk	18,150	$30.04	Direct
holding	ATRO	Restricted Stock Unit						8,650	03 Jun 2022	$.01PV Com Stk	8,650		Direct	F2, F3
holding	ATRO	Option						27,000	03 Jun 2022	$.01PV Com Stk	27,000	$14.45	Direct
holding	ATRO	Restricted Stock Unit						453	03 Jun 2022	$.01PV Com Stk	453		Direct	F2, F4
holding	ATRO	Restricted Stock Unit						10,450	03 Jun 2022	$.01 PV Com Stk	10,450		Direct	F2, F5
holding	ATRO	Option						32,700	03 Jun 2022	$.01 PV COM STK	32,700	$11.13	Direct
holding	ATRO	Restricted Stock Unit						12,550	03 Jun 2022	$.01 PV Com Stk	12,550		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.