SEC Form 4 · accession 0001209191-18-062952
ASTRONICS CORP · ATRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter J Gundermann
Officer — PRESIDENT/CEO · Director
Period of report
Dec 13, 2018
Accepted (ET)
Dec 17, 2018 · 4:39 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 | holding | — | — | — | 7,421 | D | ||
| $.01 PV CLASS B STOCK | holding | — | — | — | 619,316 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option | $31.57 | Dec 13, 2018 | A | 34,790 | A | Dec 13, 2019 | Dec 13, 2028 | $.01 PV COM STK | 34,790 | 34,790 | D |
| OPTION | $2.84 | holding | — | — | — | Dec 3, 2010 | Dec 3, 2019 | $.01 PV COM STK | 37,480 | 37,480 | D |
| OPTION | $2.84 | holding | — | — | — | Dec 3, 2010 | Dec 3, 2019 | $.01 PV CL B STK | 66,355 | 66,355 | D |
| OPTION | $7.68 | holding | — | — | — | Dec 2, 2011 | Dec 2, 2020 | $.01 PV COM STK | 14,700 | 14,700 | D |
| OPTION | $7.68 | holding | — | — | — | Dec 2, 2011 | Dec 2, 2020 | $.01 PV CL B STK | 26,025 | 26,025 | D |
| OPTION | $13.59 | holding | — | — | — | Dec 1, 2012 | Dec 1, 2021 | $.01 PV COM STK | 10,700 | 10,700 | D |
| OPTION | $13.59 | holding | — | — | — | Dec 1, 2012 | Dec 1, 2021 | $.01 PV CL B STK | 16,249 | 16,249 | D |
| OPTION | $9.20 | holding | — | — | — | Nov 29, 2013 | Nov 29, 2022 | $.01 PV COM STK | 18,700 | 18,700 | D |
| OPTION | $9.20 | holding | — | — | — | Nov 29, 2013 | Nov 29, 2022 | $.01 PV CL B STK | 22,254 | 22,254 | D |
| OPTION | $28.45 | holding | — | — | — | Dec 11, 2014 | Dec 11, 2023 | $.01 PV COM STK | 8,300 | 8,300 | D |
| OPTION | $28.45 | holding | — | — | — | Dec 11, 2014 | Dec 11, 2023 | $.01 PV CL B STK | 6,848 | 6,848 | D |
| OPTION | $30.83 | holding | — | — | — | Dec 11, 2015 | Dec 11, 2024 | $.01 PV COM STK | 10,100 | 10,100 | D |
| OPTION | $30.83 | holding | — | — | — | Dec 11, 2015 | Dec 11, 2024 | $.01 PV CL B STK | 5,261 | 5,261 | D |
| OPTION | $27.72 | holding | — | — | — | Dec 3, 2016 | Dec 3, 2025 | $.01 PV COM STK | 13,700 | 13,700 | D |
| Option | $27.72 | holding | — | — | — | Dec 3, 2016 | Dec 3, 2025 | $.01 PV CL B STK | 4,418 | 4,418 | D |
| Option | $31.76 | holding | — | — | — | Dec 14, 2017 | Dec 14, 2026 | $.01 PV COM STK | 14,460 | 14,460 | D |
| Option | $31.76 | holding | — | — | — | Dec 14, 2017 | Dec 14, 2026 | $.01 PV CL B STK | 2,169 | 2,169 | D |
| Option | $35.61 | holding | — | — | — | Dec 12, 2018 | Dec 12, 2027 | $.01 PV COM STK | 26,300 | 26,300 | D |
| Option | $35.61 | holding | — | — | — | Dec 12, 2018 | Dec 12, 2027 | $.01 PV CL B STK | 3,945 | 3,945 | D |
| Restricted Stock UnitF1,F2 | — | holding | — | — | — | — | — | $.01 PV COM STK | 1,805 | 1,805 | D |
| Restricted Stock UnitF3,F2 | — | holding | — | — | — | — | — | $.01 PV CL B STK | 270 | 270 | 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.