SEC Form 4 · accession 0001209191-18-060894
ASTRONICS CORP · ATRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Peabody
Officer — VP Astronics Advanced Electron
Period of report
Nov 30, 2018
Accepted (ET)
Dec 4, 2018 · 4:48 pm EST
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 Common Stock | Nov 30, 2018 | M | 16,880 | $2.85 | A | 28,555 | D | |
| $.01 PV Common Stock | Nov 30, 2018 | F | 5,794 | $31.72 | D | 22,761 | D | |
| $.01 PV Class B Stock | Nov 30, 2018 | M | 29,885 | $2.85 | A | 156,992 | 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 | Nov 30, 2018 | M | 16,880 | D | Dec 9, 2009 | Dec 9, 2018 | $.01 PV Com Stk | 16,880 | 0 | D |
| Option | $2.85 | Nov 30, 2018 | M | 29,885 | D | Dec 9, 2009 | Dec 9, 2018 | $.01 PV Cl B Stk | 29,885 | 0 | D |
| Option | $2.84 | holding | — | — | — | Dec 3, 2010 | Dec 3, 2019 | $.01 PV Com Stk | 16,840 | 16,840 | D |
| Option | $2.84 | holding | — | — | — | Dec 3, 2010 | Dec 3, 2019 | $.01 PV Cl B Stk | 29,814 | 29,814 | D |
| Option | $7.68 | holding | — | — | — | Dec 2, 2011 | Dec 2, 2020 | $.01 PV Com Stk | 6,500 | 6,500 | D |
| Option | $7.68 | holding | — | — | — | Dec 2, 2011 | Dec 2, 2020 | $.01 PV Cl B Stk | 11,508 | 11,508 | D |
| Option | $13.59 | holding | — | — | — | Dec 1, 2012 | Dec 1, 2021 | $.01 PV Com Stk | 4,300 | 4,300 | D |
| Option | $13.59 | holding | — | — | — | Dec 1, 2012 | Dec 1, 2021 | $.01 PV Cl B Stk | 6,530 | 6,530 | D |
| Option | $9.20 | holding | — | — | — | Nov 29, 2013 | Nov 29, 2022 | $.01 PV Com Stk | 7,400 | 7,400 | D |
| Option | $9.20 | holding | — | — | — | Nov 29, 2013 | Nov 29, 2022 | $.01 PV Cl B Stk | 8,807 | 8,807 | D |
| Option | $28.45 | holding | — | — | — | Dec 11, 2014 | Dec 11, 2023 | $.01 PV Com Stk | 2,990 | 2,990 | D |
| Option | $28.45 | holding | — | — | — | Dec 11, 2014 | Dec 11, 2023 | $.01 PV Cl B Stk | 2,467 | 2,467 | D |
| Option | $30.83 | holding | — | — | — | Dec 11, 2015 | Dec 11, 2024 | $.01 PV Com Stk | 3,470 | 3,470 | D |
| Option | $30.83 | holding | — | — | — | Dec 11, 2015 | Dec 11, 2024 | $.01 PV Cl B Stk | 1,807 | 1,807 | D |
| Option | $27.72 | holding | — | — | — | Dec 3, 2016 | Dec 3, 2025 | $.01 PV Com Stk | 4,500 | 4,500 | D |
| Option | $27.72 | holding | — | — | — | Dec 3, 2016 | Dec 3, 2025 | $.01 PV Cl B Stk | 1,451 | 1,451 | D |
| Option | $31.76 | holding | — | — | — | Dec 14, 2017 | Dec 14, 2026 | $.01 PV Com Stk | 4,820 | 4,820 | D |
| Option | $31.76 | holding | — | — | — | Dec 14, 2017 | Dec 14, 2026 | $.01 PV Cl B Stk | 723 | 723 | D |
| Option | $35.61 | holding | — | — | — | Dec 12, 2018 | Dec 12, 2027 | $.01 PV Com Stk | 7,010 | 7,010 | D |
| Option | $35.61 | holding | — | — | — | Dec 12, 2018 | Dec 12, 2027 | $.01 PV Cl B Stk | 1,052 | 1,052 | D |
| Restricted Stock UnitF1,F2 | — | holding | — | — | — | — | — | $.01 PV Com Stk | 1,205 | 1,205 | D |
| Restricted Stock UnitF3,F2 | — | holding | — | — | — | — | — | $.01 PV Cl B Stk | 180 | 180 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F2Vesting 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.
- F3Each restricted stock unit represents the right to receive, at settlement, one share of Class B stock.