SEC Form 4 · accession 0001209191-18-055140

ASTRONICS CORP · ATRO

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

James S Kramer

Officer — Executive Vice President

Period of report

Oct 12, 2018

Accepted (ET)

Oct 16, 2018 · 4:39 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	54,429	$0.00	A	374,458	D
$.01 PV Class B Stock^F2	Oct 12, 2018	J	136	$0.00	A	822	I	By Spouse
$.01 PV Class B Stock^F3	Oct 12, 2018	J	136	$0.00	A	254	I	JAMES SHORE KRAMER CUST FOR LEAH JANE KRAMER
$.01 PV Common Stock	holding	—	—		—	42,832	D
$.01 PV Common Stock^F2	holding	—	—		—	220	I	By Spouse
$.01 PV Common Stock^F3	holding	—	—		—	787	I	JAMES SHORE KRAMER CUST FOR LEAH JANE KRAMER

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Option	$2.84	Oct 12, 2018	J	4,246	A	Dec 3, 2010	Dec 3, 2019	$.01 PV Cl B Stk	20,803	20,803	D
Option	$7.68	Oct 12, 2018	J	1,572	A	Dec 2, 2011	Dec 2, 2020	$.01 PV Cl B Stk	7,701	7,701	D
Option	$13.59	Oct 12, 2018	J	1,051	A	Dec 1, 2012	Dec 1, 2021	$.01 PV Cl B Stk	4,859	4,859	D
Option	$9.20	Oct 12, 2018	J	1,628	A	Nov 29, 2013	Nov 29, 2022	$.01 PV Cl B Stk	6,783	6,784	D
Option	$28.45	Oct 12, 2018	J	554	A	Dec 11, 2014	Dec 11, 2023	$.01 PV Cl B Stk	1,922	1,923	D
Option	$30.83	Oct 12, 2018	J	540	A	Dec 11, 2015	Dec 11, 2024	$.01 PV Cl B Stk	1,417	1,417	D
Option	$27.72	Oct 12, 2018	J	604	A	Dec 3, 2016	Dec 3, 2025	$.01 PV Cl B Stk	1,129	1,129	D
Option	$31.76	Oct 12, 2018	J	551	A	Dec 14, 2017	Dec 14, 2026	$.01 PV Cl B Stk	551	551	D
Option	$35.61	Oct 12, 2018	J	801	A	Dec 12, 2018	Dec 12, 2027	$.01 PV Cl B Stk	801	801	D
Restricted Stock Unit^F6,F5	—	Oct 12, 2018	J	138	A	—	—	$.01 PV Cl B Stk	138	138	D
Option	$2.84	holding	—	—	—	Dec 3, 2010	Dec 3, 2019	$.01 PV Com Stk	11,750	11,750	D
Option	$7.68	holding	—	—	—	Dec 2, 2011	Dec 2, 2020	$.01 PV Com Stk	4,350	4,350	D
Option	$13.59	holding	—	—	—	Dec 1, 2012	Dec 1, 2021	$.01 PV Com Stk	3,200	3,200	D
Option	$9.20	holding	—	—	—	Nov 29, 2013	Nov 29, 2022	$.01 PV Com Stk	5,700	5,700	D
Option	$28.45	holding	—	—	—	Dec 11, 2014	Dec 11, 2023	$.01 PV Com Stk	2,330	2,330	D
Option	$30.83	holding	—	—	—	Dec 11, 2015	Dec 11, 2024	$.01 PV Com Stk	2,720	2,720	D
Option	$27.72	holding	—	—	—	Dec 3, 2016	Dec 3, 2025	$.01 PV Com Stk	3,500	3,500	D
Option	$31.76	holding	—	—	—	Dec 14, 2017	Dec 14, 2026	$.01 PV Com Stk	3,670	3,670	D
Option	$35.61	holding	—	—	—	Dec 12, 2018	Dec 12, 2027	$.01 PV Com Stk	5,340	5,340	D
Restricted Stock Unit^F4,F5	—	holding	—	—	—	—	—	$.01 PV Com Stk	920	920	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.
F2Mr. Kramer disclaims any beneficial interest in the shares owned by his wife.
F3Represents shares held by James Shore Kramer Cust for Leah Jane Kramer. The beneficiary is the reporting person's immediate family.
F4Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F5Vesting 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.
F6Each restricted stock unit represents the right to receive, at settlement, one share of Class B stock.