James Mulato - 09 Dec 2021 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role: Pres Astronics Test Systems
Signature: /s/Julie Davis, as Power of Attorney for James Mulato
Issuer symbol: ATRO
Transactions as of: 09 Dec 2021
Transactions value $: $363,951
Form type: 4
Filing time: 13 Dec 2021, 15:11:10 UTC
Previous filing: 01 Oct 2021
Next filing: 28 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ATRO	$.01 PV Common Stock						9.6K	09 Dec 2021	Direct
holding	ATRO	$.01 PV Class B Stock						1.2K	09 Dec 2021	Direct
holding	ATRO	$.01 PV Common Stock						100	09 Dec 2021	Spouse	F1
holding	ATRO	$.01 PV Class B Stock						32	09 Dec 2021	Spouse	F1

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	Award	$364K	+32.7K		$11.13	32.7K	09 Dec 2021	$.01 PV COM STK	32.7K	$11.13	Direct
holding	ATRO	Option						2.4K	09 Dec 2021	$.01 PV Com Stk	2.4K	$34.75	Direct
holding	ATRO	Option						1.98K	09 Dec 2021	$.01 PV Cl B Stk	1.98K	$34.75	Direct
holding	ATRO	Option						3.3K	09 Dec 2021	$.01 PV Com Stk	3.3K	$30.83	Direct
holding	ATRO	Option						1.72K	09 Dec 2021	$.01 PV Cl B Stk	1.72K	$30.83	Direct
holding	ATRO	Option						4.3K	09 Dec 2021	$.01 PV Com Stk	4.3K	$27.72	Direct
holding	ATRO	Option						1.39K	09 Dec 2021	$.01 PV Cl B Stk	1.39K	$27.72	Direct
holding	ATRO	Option						6.56K	09 Dec 2021	$.01 PV Com Stk	6.56K	$31.76	Direct
holding	ATRO	Option						984	09 Dec 2021	$.01 PV Cl B Stk	984	$31.76	Direct
holding	ATRO	Option						7.95K	09 Dec 2021	$.01 PV Com Stk	7.95K	$35.61	Direct
holding	ATRO	Option						1.19K	09 Dec 2021	$.01 PV Cl B Stk	1.19K	$35.61	Direct
holding	ATRO	Option						11.6K	09 Dec 2021	$.01 PV Com Stk	11.6K	$31.57	Direct
holding	ATRO	Restricted Stock Unit						2.31K	09 Dec 2021	$.01 PV Com Stk	2.31K		Direct	F2, F3
holding	ATRO	Option						18.2K	09 Dec 2021	$.01 PV Com Stk	18.2K	$30.04	Direct
holding	ATRO	Restricted Stock Unit						8.65K	09 Dec 2021	$.01 PV Com Stk	8.65K		Direct	F2, F4
holding	ATRO	Option						27K	09 Dec 2021	$.01 PV Com Stk	27K	$14.45	Direct
holding	ATRO	Restricted Stock Unit						630	09 Dec 2021	$.01 PV Com Stk	630		Direct	F2, F5
holding	ATRO	Restricted Stock Unit						10.5K	09 Dec 2021	$.01 PV Com Stk	10.5K		Direct	F2, F6

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

Explanation of Responses:

Id	Content
F1	Represents shares owned by his wife.
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.