JAMES S. KRAMER - 30 Sep 2021 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Executive Vice President
Signature
/s/Julie Davis, as Power of Attorney for James S. Kramer
Issuer symbol
ATRO
Transactions as of
30 Sep 2021
Net transactions value
+$21,247
Form type
4
Filing time
01 Oct 2021, 16:29:27 UTC
Next filing
13 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Common Stock Award $21,247 +3,157 +6.2% $6.73 53,673 30 Sep 2021 Direct F1
holding ATRO $.01 PV Class B Stock 403,100 30 Sep 2021 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 3,200 30 Sep 2021 $.01 PV Com Stk 3,200 $13.59 Direct
holding ATRO Option 4,859 30 Sep 2021 $.01 PV Cl B Stk 4,859 $13.59 Direct
holding ATRO Option 5,700 30 Sep 2021 $.01 PV Com Stk 5,700 $9.20 Direct
holding ATRO Option 6,784 30 Sep 2021 $.01 PV Cl B Stk 6,783 $9.20 Direct
holding ATRO Option 2,330 30 Sep 2021 $.01 PV Com Stk 2,330 $28.45 Direct
holding ATRO Option 1,923 30 Sep 2021 $.01 PV Cl B Stk 1,922 $28.45 Direct
holding ATRO Option 2,720 30 Sep 2021 $.01 PV Com Stk 2,720 $30.83 Direct
holding ATRO Option 1,417 30 Sep 2021 $.01 PV Cl B Stk 1,417 $30.83 Direct
holding ATRO Option 3,500 30 Sep 2021 $.01 PV Com Stk 3,500 $27.72 Direct
holding ATRO Option 1,129 30 Sep 2021 $.01 PV Cl B Stk 1,129 $27.72 Direct
holding ATRO Option 3,670 30 Sep 2021 $.01 PV Com Stk 3,670 $31.76 Direct
holding ATRO Option 551 30 Sep 2021 $.01 PV Cl B Stk 551 $31.76 Direct
holding ATRO Option 5,340 30 Sep 2021 $.01 PV Com Stk 5,340 $35.61 Direct
holding ATRO Option 801 30 Sep 2021 $.01 PV Cl B Stk 801 $35.61 Direct
holding ATRO Option 7,060 30 Sep 2021 $.01 PV Com Stk 7,060 $31.57 Direct
holding ATRO Restricted Stock Unit 929 30 Sep 2021 $.01 PV Com Stk 929 Direct F2, F3
holding ATRO Option 13,600 30 Sep 2021 $.01 PV Com Stk 13,600 $30.04 Direct
holding ATRO Restricted Stock Unit 6,100 30 Sep 2021 $.01 PV Com Stk 6,100 Direct F2, F4
holding ATRO Option 20,250 30 Sep 2021 $.01 PV Com Stk 20,250 $14.45 Direct
holding ATRO Restricted Stock Unit 524 30 Sep 2021 $.01 PV Com Stk 524 Direct F2, F5
holding ATRO Restricted Stock Unit 7,375 30 Sep 2021 $.01 PV Com Stk 7,375 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired shares via exercise of subscription agreement under employee stock purchase plan.
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 of January 1, 2019-December 31, 2021. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2021, with the vesting percentage determined based on actual performance.
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, 2022, with the vesting percentage determined based on actual performance.