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

Signature
/s/Julie Davis, as Power of Attorney for Mark Peabody
Stock symbol
ATRO
Transactions as of
Jan 4, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
2/2/2023, 03:22 PM
Date Of Original Report
Jan 9, 2023
Previous filing
Dec 20, 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 Class B Stock Gift $0 -3.4K -1.71% $0.00 195K Jan 4, 2023 Direct F1
transaction ATRO $.01 PV Class B Stock Gift $0 -3.1K -1.59% $0.00 192K Jan 6, 2023 Direct F1
holding ATRO $.01 PV Common Stock 31.9K Jan 4, 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 2.99K Jan 4, 2023 $.01 PV Com Stk 2.99K $28.45 Direct
holding ATRO Option 2.47K Jan 4, 2023 $.01 PV Cl B Stk 2.47K $28.45 Direct
holding ATRO Option 3.47K Jan 4, 2023 $.01 PV Com Stk 3.47K $30.83 Direct
holding ATRO Option 1.81K Jan 4, 2023 $.01 PV Cl B Stk 1.81K $30.83 Direct
holding ATRO Option 4.5K Jan 4, 2023 $.01 PV Com Stk 4.5K $27.72 Direct
holding ATRO Option 1.45K Jan 4, 2023 $.01 PV Cl B Stk 1.45K $27.72 Direct
holding ATRO Option 4.82K Jan 4, 2023 $.01 PV Com Stk 4.82K $31.76 Direct
holding ATRO Option 723 Jan 4, 2023 $.01 PV Cl B Stk 723 $31.76 Direct
holding ATRO Option 7.01K Jan 4, 2023 $.01 PV Com Stk 7.01K $35.61 Direct
holding ATRO Option 1.05K Jan 4, 2023 $.01 PV Cl B Stk 1.05K $35.61 Direct
holding ATRO Option 9.28K Jan 4, 2023 $.01 PV Com Stk 9.28K $31.57 Direct
holding ATRO Option 13.6K Jan 4, 2023 $.01 PV Com Stk 13.6K $30.04 Direct
holding ATRO Restricted Stock Unit 6.63K Jan 4, 2023 $.01 PV Com Stk 6.63K Direct F2, F3
holding ATRO Option 20.3K Jan 4, 2023 $.01 PV Com Stk 20.3K $14.45 Direct
holding ATRO Restricted Stock Unit 590 Jan 4, 2023 $.01 PV Com Stk 590 Direct F2, F4
holding ATRO Restricted Stock Unit 9.83K Jan 4, 2023 $.01 PV Com Stk 9.83K Direct F2, F5
holding ATRO Opton 24.5K Jan 4, 2023 $.01 PV COM STK 24.5K $11.13 Direct
holding ATRO Restricted Stock Unit 11.8K Jan 4, 2023 $.01 PV Com Stk 11.8K Direct F2, F6
holding ATRO Option 26.7K Jan 4, 2023 $.01 PV COM STK 26.7K $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.