JAMES S. KRAMER - 03 Jun 2022 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
03 Jun 2022
Net transactions value
+$260,058
Form type
4
Filing time
20 Dec 2022, 15:19:26 UTC
Previous filing
15 Mar 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 Common Stock Other $0 +211 +0.39% $0.000000 54,883 03 Jun 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +245 +0.45% $0.000000 55,129 31 Aug 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +217 +0.39% $0.000000 55,346 09 Dec 2022 Direct F1
transaction ATRO $.01 PV Common Stock Will/Inheritance $0 -35,555 -64% $0.000000 19,791 13 Dec 2022 Direct
transaction ATRO $.01 PV Class B Stock Will/Inheritance $0 -279,758 -69% $0.000000 123,342 12 Dec 2022 Direct
transaction ATRO $.01 PV Common Stock Will/Inheritance $0 +35,555 $0.000000 35,555 13 Dec 2022 Estate executor James Kramer F2
transaction ATRO $.01 PV Class B Stock Will/Inheritance $0 +279,758 $0.000000 279,758 12 Dec 2022 Estate executor James Kramer F2

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 Options Exercise $260,058 +26,700 $9.74 26,700 16 Dec 2022 $.01 PV Com Stk 26,700 $9.74 Direct
holding ATRO Option 2,330 03 Jun 2022 $.01 PV Com Stk 2,330 $28.45 Direct
holding ATRO Option 1,923 03 Jun 2022 $.01 PV Cl B Stk 1,922 $28.45 Direct
holding ATRO Option 2,720 03 Jun 2022 $.01 PV Com Stk 2,720 $30.83 Direct
holding ATRO Option 1,417 03 Jun 2022 $.01 PV Cl B Stk 1,417 $30.83 Direct
holding ATRO Option 3,500 03 Jun 2022 $.01 PV Com Stk 3,500 $27.72 Direct
holding ATRO Option 1,129 03 Jun 2022 $.01 PV Cl B Stk 1,129 $27.72 Direct
holding ATRO Option 3,670 03 Jun 2022 $.01 PV Com Stk 3,670 $31.76 Direct
holding ATRO Option 551 03 Jun 2022 $.01 PV Cl B Stk 551 $31.76 Direct
holding ATRO Option 5,340 03 Jun 2022 $.01 PV Com Stk 5,340 $35.61 Direct
holding ATRO Option 801 03 Jun 2022 $.01 PV Cl B Stk 801 $35.61 Direct
holding ATRO Option 7,060 03 Jun 2022 $.01 PV Com Stk 7,060 $31.57 Direct
holding ATRO Option 13,600 03 Jun 2022 $.01 PV Com Stk 13,600 $30.04 Direct
holding ATRO Restricted Stock Unit 6,100 03 Jun 2022 $.01 PV Com Stk 6,100 Direct F3, F4
holding ATRO Option 20,250 03 Jun 2022 $.01 PV Com Stk 20,250 $14.45 Direct
holding ATRO Restricted Stock Unit 349 03 Jun 2022 $.01 PV Com Stk 349 Direct F3, F5
holding ATRO Restricted Stock Unit 7,375 03 Jun 2022 $.01 PV Com Stk 7,375 Direct F3, F6
holding ATRO Option 24,500 03 Jun 2022 $.01 PV COM STK 24,500 $11.13 Direct
holding ATRO Restricted Stock Unit 8,850 03 Jun 2022 $.01 PV Com Stk 8,850 Direct F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Reflects shares previously reported as beneficially owned directly by Mr. Kramer, but are now held through an estate for which Mr. Kramer serves as executor. Mr. Kramer is expected to receive ownership of these shares once the estate is settled.
F3 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
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, 2023, with the vesting percentage determined based on actual performance.
F7 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.