James Mulato - 03 Jun 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
03 Jun 2022
Net transactions value
+$346,744
Form type
4
Filing time
20 Dec 2022, 15:33:01 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 +271 +2.3% $0.000000 11,985 03 Jun 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +270 +2.3% $0.000000 12,254 31 Aug 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +279 +2.3% $0.000000 12,533 09 Dec 2022 Direct F1
holding ATRO $.01 PV Class B Stock 1,195 03 Jun 2022 Direct
holding ATRO $.01 PV Common Stock 100 03 Jun 2022 Spouse F2
holding ATRO $.01 PV Class B Stock 32 03 Jun 2022 Spouse 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 $346,744 +35,600 $9.74 35,600 16 Dec 2022 $.01 PV COM STK 35,600 $9.74 Direct
holding ATRO Option 2,400 03 Jun 2022 $.01 PV Com Stk 2,400 $34.75 Direct
holding ATRO Option 1,980 03 Jun 2022 $.01 PV Cl B Stk 1,980 $34.75 Direct
holding ATRO Option 3,300 03 Jun 2022 $.01 PV Com Stk 3,300 $30.83 Direct
holding ATRO Option 1,719 03 Jun 2022 $.01 PV Cl B Stk 1,719 $30.83 Direct
holding ATRO Option 4,300 03 Jun 2022 $.01 PV Com Stk 4,300 $27.72 Direct
holding ATRO Option 1,387 03 Jun 2022 $.01 PV Cl B Stk 1,387 $27.72 Direct
holding ATRO Option 6,560 03 Jun 2022 $.01 PV Com Stk 6,560 $31.76 Direct
holding ATRO Option 984 03 Jun 2022 $.01 PV Cl B Stk 984 $31.76 Direct
holding ATRO Option 7,950 03 Jun 2022 $.01 PV Com Stk 7,950 $35.61 Direct
holding ATRO Option 1,193 03 Jun 2022 $.01 PV Cl B Stk 1,193 $35.61 Direct
holding ATRO Option 11,570 03 Jun 2022 $.01 PV Com Stk 11,570 $31.57 Direct
holding ATRO Option 18,150 03 Jun 2022 $.01 PV Com Stk 18,150 $30.04 Direct
holding ATRO Restricted Stock Unit 8,650 03 Jun 2022 $.01 PV Com Stk 8,650 Direct F3, F4
holding ATRO Option 27,000 03 Jun 2022 $.01 PV Com Stk 27,000 $14.45 Direct
holding ATRO Restricted Stock Unit 420 03 Jun 2022 $.01 PV Com Stk 420 Direct F3, F5
holding ATRO Restricted Stock Unit 10,450 03 Jun 2022 $.01 PV Com Stk 10,450 Direct F3, F6
holding ATRO Option 32,700 03 Jun 2022 $.01 PV COM STK 32,700 $11.13 Direct
holding ATRO Restricted Stock Unit 12,550 03 Jun 2022 $.01 PV COM STK 12,550 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 Represents shares owned by his wife.
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.