Peter J. Gundermann - Jun 3, 2022 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
PRESIDENT/CEO, Director
Signature
/S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
Stock symbol
ATRO
Transactions as of
Jun 3, 2022
Transactions value $
$1,217,500
Form type
4
Date filed
12/20/2022, 03:36 PM
Previous filing
Mar 15, 2022
Next filing
Oct 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV COMMON STOCK Other $0 +415 +0.93% $0.00 45.1K Jun 3, 2022 Direct F1
transaction ATRO $.01 PV COMMON STOCK Other $0 +483 +1.07% $0.00 45.6K Aug 31, 2022 Direct F1
transaction ATRO $.01 PV COMMON STOCK Other $0 +245 +0.54% $0.00 45.6K Dec 9, 2022 Direct F1
holding ATRO $.01 PV CLASS B STOCK 743K 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 $1.22M +125K $9.74 125K Dec 16, 2022 $.01 PV COM STK 125K $9.74 Direct
holding ATRO OPTION 8.3K Jun 3, 2022 $.01 PV COM STK 8.3K $28.45 Direct
holding ATRO OPTION 6.85K Jun 3, 2022 $.01 PV CL B STK 6.85K $28.45 Direct
holding ATRO OPTION 10.1K Jun 3, 2022 $.01 PV COM STK 10.1K $30.83 Direct
holding ATRO OPTION 5.26K Jun 3, 2022 $.01 PV CL B STK 5.26K $30.83 Direct
holding ATRO OPTION 13.7K Jun 3, 2022 $.01 PV COM STK 13.7K $27.72 Direct
holding ATRO Option 4.42K Jun 3, 2022 $.01 PV CL B STK 4.42K $27.72 Direct
holding ATRO Option 14.5K Jun 3, 2022 $.01 PV COM STK 14.5K $31.76 Direct
holding ATRO Option 2.17K Jun 3, 2022 $.01 PV CL B STK 2.17K $31.76 Direct
holding ATRO Option 26.3K Jun 3, 2022 $.01 PV COM STK 26.3K $35.61 Direct
holding ATRO Option 3.95K Jun 3, 2022 $.01 PV CL B STK 3.95K $35.61 Direct
holding ATRO Option 34.8K Jun 3, 2022 $.01 PV COM STK 34.8K $31.57 Direct
holding ATRO Option 61.2K Jun 3, 2022 $.01 PV COM STK 61.2K $30.04 Direct
holding ATRO Restricted Stock Unit 10.2K Jun 3, 2022 $.01 PV COM STK 10.2K Direct F2, F3
holding ATRO Option 98.9K Jun 3, 2022 $.01 PV COM STK 98.9K $14.45 Direct
holding ATRO Restricted Stock Unit 701 Jun 3, 2022 $.01 PV COM STK 1.05K Direct F2, F4
holding ATRO Restricted Stock Unit 12.3K Jun 3, 2022 $.01 PV COM STK 12.3K Direct F2, F5
holding ATRO Option 116K Jun 3, 2022 $.01 PV COM STK 116K $11.13 Direct
holding ATRO Restricted Stock Unit 14.8K Jun 3, 2022 $.01 PV COM STK 14.8K 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 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.
F6 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.