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

Role
Pres Astronics Test Systems
Signature
/s/Julie Davis, as Power of Attorney for James Mulato
Stock symbol
ATRO
Transactions as of
Jun 3, 2022
Transactions value $
$346,744
Form type
4
Date filed
12/20/2022, 03:33 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 +271 +2.31% $0.00 12K Jun 3, 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +270 +2.25% $0.00 12.3K Aug 31, 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +279 +2.27% $0.00 12.5K Dec 9, 2022 Direct F1
holding ATRO $.01 PV Class B Stock 1.2K Jun 3, 2022 Direct
holding ATRO $.01 PV Common Stock 100 Jun 3, 2022 Spouse F2
holding ATRO $.01 PV Class B Stock 32 Jun 3, 2022 Spouse 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 $347K +35.6K $9.74 35.6K Dec 16, 2022 $.01 PV COM STK 35.6K $9.74 Direct
holding ATRO Option 2.4K Jun 3, 2022 $.01 PV Com Stk 2.4K $34.75 Direct
holding ATRO Option 1.98K Jun 3, 2022 $.01 PV Cl B Stk 1.98K $34.75 Direct
holding ATRO Option 3.3K Jun 3, 2022 $.01 PV Com Stk 3.3K $30.83 Direct
holding ATRO Option 1.72K Jun 3, 2022 $.01 PV Cl B Stk 1.72K $30.83 Direct
holding ATRO Option 4.3K Jun 3, 2022 $.01 PV Com Stk 4.3K $27.72 Direct
holding ATRO Option 1.39K Jun 3, 2022 $.01 PV Cl B Stk 1.39K $27.72 Direct
holding ATRO Option 6.56K Jun 3, 2022 $.01 PV Com Stk 6.56K $31.76 Direct
holding ATRO Option 984 Jun 3, 2022 $.01 PV Cl B Stk 984 $31.76 Direct
holding ATRO Option 7.95K Jun 3, 2022 $.01 PV Com Stk 7.95K $35.61 Direct
holding ATRO Option 1.19K Jun 3, 2022 $.01 PV Cl B Stk 1.19K $35.61 Direct
holding ATRO Option 11.6K Jun 3, 2022 $.01 PV Com Stk 11.6K $31.57 Direct
holding ATRO Option 18.2K Jun 3, 2022 $.01 PV Com Stk 18.2K $30.04 Direct
holding ATRO Restricted Stock Unit 8.65K Jun 3, 2022 $.01 PV Com Stk 8.65K Direct F3, F4
holding ATRO Option 27K Jun 3, 2022 $.01 PV Com Stk 27K $14.45 Direct
holding ATRO Restricted Stock Unit 420 Jun 3, 2022 $.01 PV Com Stk 420 Direct F3, F5
holding ATRO Restricted Stock Unit 10.5K Jun 3, 2022 $.01 PV Com Stk 10.5K Direct F3, F6
holding ATRO Option 32.7K Jun 3, 2022 $.01 PV COM STK 32.7K $11.13 Direct
holding ATRO Restricted Stock Unit 12.6K Jun 3, 2022 $.01 PV COM STK 12.6K 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 Represents shares owned by his wife.
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.