SEC Form 4 · accession 0001209191-19-014509
ASTRONICS CORP · ATRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael C Kuehn
Officer — Executive Vice President
Period of report
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 4:40 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 Com Stk | holding | — | — | — | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF1,F2 | — | Feb 26, 2019 | A | 2,465 | A | — | — | $.01 PV Cl B Stk | 2,465 | 2,465 | D |
| Option | $35.61 | holding | — | — | — | Dec 12, 2018 | Dec 12, 2027 | $.01PV Com Stk | 8,050 | 8,050 | D |
| Option | $35.61 | holding | — | — | — | Dec 12, 2018 | Dec 12, 2027 | $.01 PV Cl B Stk | 1,208 | 1,208 | D |
| Option | $31.57 | holding | — | — | — | Dec 13, 2019 | Dec 13, 2028 | $.01PV Com Stk | 12,360 | 12,360 | 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, 2019-December 31, 2021. The "target" number of restricted stock units is reported. Between 75% and 115%of the target number of units may vest on December 31, 2021, with the vesting percentage determined based on actual performance.