SEC Form 4 · accession 0001209191-18-055126
ASTRONICS CORP · ATRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Burney
Officer — VP-FINANCE, CFO
Period of report
Oct 12, 2018
Accepted (ET)
Oct 16, 2018 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000008063
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| $.01 PV CLASS B STOCK | Oct 12, 2018 | J | 21,617 | $0.00 | A | 137,848 | D | |
| $.01 PV COMMON STOCK | holding | — | — | — | 27,888 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OPTION | $2.85 | Oct 12, 2018 | J | 4,586 | A | Dec 9, 2009 | Dec 9, 2018 | $.01 PV CL B STK | 22,467 | 22,467 | D |
| OPTION | $2.84 | Oct 12, 2018 | J | 4,593 | A | Dec 3, 2010 | Dec 3, 2019 | $.01 PV CL B STK | 22,502 | 22,502 | D |
| OPTION | $7.68 | Oct 12, 2018 | J | 1,807 | A | Dec 2, 2011 | Dec 2, 2020 | $.01 PV CL B STK | 8,852 | 8,852 | D |
| OPTION | $13.59 | Oct 12, 2018 | J | 1,183 | A | Dec 1, 2012 | Dec 1, 2021 | $.01 PV CL B STK | 5,467 | 5,467 | D |
| OPTION | $9.20 | Oct 12, 2018 | J | 1,828 | A | Nov 29, 2013 | Nov 29, 2022 | $.01 PV CL B STK | 7,616 | 7,616 | D |
| Option | $28.45 | Oct 12, 2018 | J | 619 | A | Dec 11, 2014 | Dec 11, 2023 | $.01 PV CL B STK | 2,145 | 2,145 | D |
| Option | $30.83 | Oct 12, 2018 | J | 625 | A | Dec 11, 2015 | Dec 11, 2024 | $.01 PV CL B STK | 1,641 | 1,641 | D |
| Option | $27.72 | Oct 12, 2018 | J | 707 | A | Dec 3, 2016 | Dec 3, 2025 | $.01 PV CL B STK | 1,322 | 1,322 | D |
| Option | $31.76 | Oct 12, 2018 | J | 656 | A | Dec 14, 2017 | Dec 14, 2026 | $.01 PV CL B STK | 656 | 656 | D |
| Option | $35.61 | Oct 12, 2018 | J | 953 | A | Dec 12, 2018 | Dec 12, 2027 | $.01 PV CL B STK | 953 | 953 | D |
| OptionF4,F3 | — | Oct 12, 2018 | J | 164 | A | — | — | $.01 PV CL B STK | 164 | 164 | D |
| OPTION | $2.85 | holding | — | — | — | Dec 9, 2009 | Dec 9, 2018 | $.01 PV COM STK | 12,690 | 12,690 | D |
| OPTION | $2.84 | holding | — | — | — | Dec 3, 2010 | Dec 3, 2019 | $.01 PV COM STK | 12,710 | 12,710 | D |
| OPTION | $7.68 | holding | — | — | — | Dec 2, 2011 | Dec 2, 2020 | $.01 PV COM STK | 5,000 | 5,000 | D |
| OPTION | $13.59 | holding | — | — | — | Dec 1, 2012 | Dec 1, 2021 | $.01 PV COM STK | 3,600 | 3,600 | D |
| OPTION | $9.20 | holding | — | — | — | Nov 29, 2013 | Nov 29, 2022 | $.01 PV COM STK | 6,400 | 6,400 | D |
| OPTION | $28.45 | holding | — | — | — | Dec 11, 2014 | Dec 11, 2023 | $.01 PV COM STK | 2,600 | 2,600 | D |
| OPTION | $30.83 | holding | — | — | — | Dec 11, 2015 | Dec 11, 2024 | $.01 PV COM STK | 3,150 | 3,150 | D |
| Option | $27.72 | holding | — | — | — | Dec 3, 2016 | Dec 3, 2025 | $.01 PV COM STK | 4,100 | 4,100 | D |
| Option | $31.76 | holding | — | — | — | Dec 14, 2017 | Dec 14, 2026 | $.01 PV COM STK | 4,370 | 4,370 | D |
| Option | $35.61 | holding | — | — | — | Dec 12, 2018 | Dec 12, 2027 | $.01 PV COM STK | 6,350 | 6,350 | D |
| Restricted Stock UnitF2,F3 | — | holding | — | — | — | — | — | $.01 PV COM STK | 1,095 | 1,095 | D |
Explanation of responses
- F1Shares issued pursuant to a three-for-twenty distribution of Class B stock to holders of both Common and Class B stock on the record date of October 12, 2018.
- F2Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F3Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period of January 1, 2018- December 31, 2020. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2020, with the vesting percentage determined based on actual performance.
- F4Each restricted stock unit represents the right to receive, at settlement, one share of Class B stock.