SEC Form 4 · accession 0001209191-18-062972
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
Dec 13, 2018
Accepted (ET)
Dec 17, 2018 · 4:58 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 | — | — | — | 39,632 | D | ||
| $.01 PV Class B Stock | holding | — | — | — | 374,458 | D | ||
| $.01 PV Common StockF1 | holding | — | — | — | 220 | I | By Spouse | |
| $.01 PV Class B StockF1 | holding | — | — | — | 822 | I | By Spouse | |
| $.01 PV Common StockF2 | holding | — | — | — | 787 | I | JAMES SHORE KRAMER CUST FOR LEAH JANE KRAMER | |
| $.01 PV Class B StockF2 | holding | — | — | — | 254 | 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 | $31.57 | Dec 13, 2018 | A | 7,060 | A | Dec 13, 2019 | Dec 13, 2028 | $.01 PV Com Stk | 7,060 | 7,060 | D |
| Option | $2.84 | holding | — | — | — | Dec 3, 2010 | Dec 3, 2019 | $.01 PV Com Stk | 11,750 | 11,750 | D |
| Option | $2.84 | holding | — | — | — | Dec 3, 2010 | Dec 3, 2019 | $.01 PV Cl B Stk | 20,803 | 20,803 | D |
| Option | $7.68 | holding | — | — | — | Dec 2, 2011 | Dec 2, 2020 | $.01 PV Com Stk | 4,350 | 4,350 | D |
| Option | $7.68 | holding | — | — | — | Dec 2, 2011 | Dec 2, 2020 | $.01 PV Cl B Stk | 7,701 | 7,701 | D |
| Option | $13.59 | holding | — | — | — | Dec 1, 2012 | Dec 1, 2021 | $.01 PV Com Stk | 3,200 | 3,200 | D |
| Option | $13.59 | holding | — | — | — | Dec 1, 2012 | Dec 1, 2021 | $.01 PV Cl B Stk | 4,859 | 4,859 | D |
| Option | $9.20 | holding | — | — | — | Nov 29, 2013 | Nov 29, 2022 | $.01 PV Com Stk | 5,700 | 5,700 | D |
| Option | $9.20 | holding | — | — | — | Nov 29, 2013 | Nov 29, 2022 | $.01 PV Cl B Stk | 6,783 | 6,784 | D |
| Option | $28.45 | holding | — | — | — | Dec 11, 2014 | Dec 11, 2023 | $.01 PV Com Stk | 2,330 | 2,330 | D |
| Option | $28.45 | holding | — | — | — | Dec 11, 2014 | Dec 11, 2023 | $.01 PV Cl B Stk | 1,922 | 1,923 | D |
| Option | $30.83 | holding | — | — | — | Dec 11, 2015 | Dec 11, 2024 | $.01 PV Com Stk | 2,720 | 2,720 | D |
| Option | $30.83 | holding | — | — | — | Dec 11, 2015 | Dec 11, 2024 | $.01 PV Cl B Stk | 1,417 | 1,417 | D |
| Option | $27.72 | holding | — | — | — | Dec 3, 2016 | Dec 3, 2025 | $.01 PV Com Stk | 3,500 | 3,500 | D |
| Option | $27.72 | holding | — | — | — | Dec 3, 2016 | Dec 3, 2025 | $.01 PV Cl B Stk | 1,129 | 1,129 | D |
| Option | $31.76 | holding | — | — | — | Dec 14, 2017 | Dec 14, 2026 | $.01 PV Com Stk | 3,670 | 3,670 | D |
| Option | $31.76 | holding | — | — | — | Dec 14, 2017 | Dec 14, 2026 | $.01 PV Cl B Stk | 551 | 551 | D |
| Option | $35.61 | holding | — | — | — | Dec 12, 2018 | Dec 12, 2027 | $.01 PV Com Stk | 5,340 | 5,340 | D |
| Option | $35.61 | holding | — | — | — | Dec 12, 2018 | Dec 12, 2027 | $.01 PV Cl B Stk | 801 | 801 | D |
| Restricted Stock UnitF3,F4 | — | holding | — | — | — | — | — | $.01 PV Com Stk | 920 | 920 | D |
| Restricted Stock UnitF5,F4 | — | holding | — | — | — | — | — | $.01 PV Cl B Stk | 138 | 138 | D |
Explanation of responses
- F1Mr. Kramer disclaims any beneficial interest in the shares owned by his wife.
- F2Represents shares held by James Shore Kramer Cust for Leah Jane Kramer. The beneficiary is the reporting person's immediate family.
- F3Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F4Vesting 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.
- F5Each restricted stock unit represents the right to receive, at settlement, one share of Class B stock.