James Mulato - 11 Mar 2022 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
11 Mar 2022
Net transactions value
-$7,592
Form type
4
Filing time
15 Mar 2022, 16:56:05 UTC
Previous filing
28 Feb 2022
Next filing
20 Dec 2022
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 Options Exercise $0 +1,730 +18% $0.000000 11,331 11 Mar 2022 Direct
transaction ATRO $.01 PV Common Stock Tax liability $6,761 -513 -4.5% $13.18 10,818 11 Mar 2022 Direct F1
transaction ATRO $.01 PV Common Stock Options Exercise $0 +210 +1.9% $0.000000 11,028 11 Mar 2022 Direct
transaction ATRO $.01 PV Common Stock Tax liability $830 -63 -0.57% $13.18 10,965 11 Mar 2022 Direct F1
transaction ATRO .01 PV Common Stock Other $0 +749 $0.000000 749 04 Mar 2022 Direct F2
holding ATRO $.01 PV Class B Stock 1,195 11 Mar 2022 Direct
holding ATRO $.01 PV Common Stock 100 11 Mar 2022 Spouse F3
holding ATRO $.01 PV Class B Stock 32 11 Mar 2022 Spouse F3

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 Restricted Stock Unit Options Exercise $0 -2,306 -100% $0.000000* 0 11 Mar 2022 $.01 PV Com Stk 0 Direct F4, F5
transaction ATRO Restricted Stock Unit Options Exercise $0 -210 -33% $0.000000 420 11 Mar 2022 $.01 PV Com Stk 420 Direct F4, F7
transaction ATRO Restricted Stock Unit Award $0 +12,550 $0.000000 12,550 24 Feb 2022 $.01 PV COM STK 12,550 Direct F4, F9
holding ATRO Option 2,400 11 Mar 2022 $.01 PV Com Stk 2,400 $34.75 Direct
holding ATRO Option 1,980 11 Mar 2022 $.01 PV Cl B Stk 1,980 $34.75 Direct
holding ATRO Option 3,300 11 Mar 2022 $.01 PV Com Stk 3,300 $30.83 Direct
holding ATRO Option 1,719 11 Mar 2022 $.01 PV Cl B Stk 1,719 $30.83 Direct
holding ATRO Option 4,300 11 Mar 2022 $.01 PV Com Stk 4,300 $27.72 Direct
holding ATRO Option 1,387 11 Mar 2022 $.01 PV Cl B Stk 1,387 $27.72 Direct
holding ATRO Option 6,560 11 Mar 2022 $.01 PV Com Stk 6,560 $31.76 Direct
holding ATRO Option 984 11 Mar 2022 $.01 PV Cl B Stk 984 $31.76 Direct
holding ATRO Option 7,950 11 Mar 2022 $.01 PV Com Stk 7,950 $35.61 Direct
holding ATRO Option 1,193 11 Mar 2022 $.01 PV Cl B Stk 1,193 $35.61 Direct
holding ATRO Option 11,570 11 Mar 2022 $.01 PV Com Stk 11,570 $31.57 Direct
holding ATRO Option 18,150 11 Mar 2022 $.01 PV Com Stk 18,150 $30.04 Direct
holding ATRO Restricted Stock Unit 8,650 11 Mar 2022 $.01 PV Com Stk 8,650 Direct F4, F6
holding ATRO Option 27,000 11 Mar 2022 $.01 PV Com Stk 27,000 $14.45 Direct
holding ATRO Restricted Stock Unit 10,450 11 Mar 2022 $.01 PV Com Stk 10,450 Direct F4, F8
holding ATRO Option 32,700 11 Mar 2022 $.01 PV COM STK 32,700 $11.13 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Astronics Corp. to satisfy applicable withholding tax upon vesting of restricted stock units.
F2 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.
F3 Represents shares owned by his wife.
F4 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F5 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2019-December 31, 2021. The "target" number of restricted stock units is reported in Table II. Based on actual performance, 75% of the target number of units vested on December 31, 2021.
F6 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.
F7 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F8 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.
F9 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.