Mark Peabody - 04 Jan 2023 Form 4/A - Amendment Insider Report for ASTRONICS CORP (ATRO)

Role: VP Astronics Advanced Electron
Signature: /s/Julie Davis, as Power of Attorney for Mark Peabody
Issuer symbol: ATRO
Transactions as of: 04 Jan 2023
Net transactions value: $0
Form type: 4/A - Amendment
Filing time: 02 Feb 2023, 15:22:37 UTC
Date Of Original Report: 09 Jan 2023
Previous filing: 20 Dec 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 Class B Stock	Gift	$0	-3,400	-1.7%	$0.000000	195,094	04 Jan 2023	Direct	F1
transaction	ATRO	$.01 PV Class B Stock	Gift	$0	-3,100	-1.6%	$0.000000	191,994	06 Jan 2023	Direct	F1
holding	ATRO	$.01 PV Common Stock						31,878	04 Jan 2023	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
holding	ATRO	Option						2,990	04 Jan 2023	$.01 PV Com Stk	2,990	$28.45	Direct
holding	ATRO	Option						2,467	04 Jan 2023	$.01 PV Cl B Stk	2,467	$28.45	Direct
holding	ATRO	Option						3,470	04 Jan 2023	$.01 PV Com Stk	3,470	$30.83	Direct
holding	ATRO	Option						1,807	04 Jan 2023	$.01 PV Cl B Stk	1,807	$30.83	Direct
holding	ATRO	Option						4,500	04 Jan 2023	$.01 PV Com Stk	4,500	$27.72	Direct
holding	ATRO	Option						1,451	04 Jan 2023	$.01 PV Cl B Stk	1,451	$27.72	Direct
holding	ATRO	Option						4,820	04 Jan 2023	$.01 PV Com Stk	4,820	$31.76	Direct
holding	ATRO	Option						723	04 Jan 2023	$.01 PV Cl B Stk	723	$31.76	Direct
holding	ATRO	Option						7,010	04 Jan 2023	$.01 PV Com Stk	7,010	$35.61	Direct
holding	ATRO	Option						1,052	04 Jan 2023	$.01 PV Cl B Stk	1,052	$35.61	Direct
holding	ATRO	Option						9,280	04 Jan 2023	$.01 PV Com Stk	9,280	$31.57	Direct
holding	ATRO	Option						13,600	04 Jan 2023	$.01 PV Com Stk	13,600	$30.04	Direct
holding	ATRO	Restricted Stock Unit						6,625	04 Jan 2023	$.01 PV Com Stk	6,625		Direct	F2, F3
holding	ATRO	Option						20,250	04 Jan 2023	$.01 PV Com Stk	20,250	$14.45	Direct
holding	ATRO	Restricted Stock Unit						590	04 Jan 2023	$.01 PV Com Stk	590		Direct	F2, F4
holding	ATRO	Restricted Stock Unit						9,825	04 Jan 2023	$.01 PV Com Stk	9,825		Direct	F2, F5
holding	ATRO	Opton						24,500	04 Jan 2023	$.01 PV COM STK	24,500	$11.13	Direct
holding	ATRO	Restricted Stock Unit						11,800	04 Jan 2023	$.01 PV Com Stk	11,800		Direct	F2, F6
holding	ATRO	Option						26,700	04 Jan 2023	$.01 PV COM STK	26,700	$9.74	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The original Form 4, filed on January 9, 2023, is being amended by this Form 4 amendment soley to correct an administrative error, which misreported the gifts previously reported as gifts of Common Stock. The amendment shows the gifts as gifts of Class B Stock.
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.