FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
ASTRONICS CORP [ ATRO ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/04/2023 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) 01/09/2023 |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
$.01 PV Common Stock | 31,878.161 | D | ||||||||
$.01 PV Class B Stock | 01/04/2023 | G(1) | V | 3,400 | D | $0.00 | 195,094 | D | ||
$.01 PV Class B Stock | 01/06/2023 | G(1) | V | 3,100 | D | $0.00 | 191,994 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option | $28.45 | 12/11/2014 | 12/11/2023 | $.01 PV Com Stk | 2,990 | 2,990 | D | ||||||||
Option | $28.45 | 12/11/2014 | 12/11/2023 | $.01 PV Cl B Stk | 2,467 | 2,467 | D | ||||||||
Option | $30.83 | 12/11/2015 | 12/11/2024 | $.01 PV Com Stk | 3,470 | 3,470 | D | ||||||||
Option | $30.83 | 12/11/2015 | 12/11/2024 | $.01 PV Cl B Stk | 1,807 | 1,807 | D | ||||||||
Option | $27.72 | 12/03/2016 | 12/03/2025 | $.01 PV Com Stk | 4,500 | 4,500 | D | ||||||||
Option | $27.72 | 12/03/2016 | 12/03/2025 | $.01 PV Cl B Stk | 1,451 | 1,451 | D | ||||||||
Option | $31.76 | 12/14/2017 | 12/14/2026 | $.01 PV Com Stk | 4,820 | 4,820 | D | ||||||||
Option | $31.76 | 12/14/2017 | 12/14/2026 | $.01 PV Cl B Stk | 723 | 723 | D | ||||||||
Option | $35.61 | 12/12/2018 | 12/12/2027 | $.01 PV Com Stk | 7,010 | 7,010 | D | ||||||||
Option | $35.61 | 12/12/2018 | 12/12/2027 | $.01 PV Cl B Stk | 1,052 | 1,052 | D | ||||||||
Option | $31.57 | 12/13/2019 | 12/13/2028 | $.01 PV Com Stk | 9,280 | 9,280 | D | ||||||||
Option | $30.04 | 12/09/2020 | 12/09/2029 | $.01 PV Com Stk | 13,600 | 13,600 | D | ||||||||
Restricted Stock Unit | (2) | (3) | (3) | $.01 PV Com Stk | 6,625 | 6,625 | D | ||||||||
Option | $14.45 | 01/22/2022 | 01/22/2031 | $.01 PV Com Stk | 20,250 | 20,250 | D | ||||||||
Restricted Stock Unit | (2) | (4) | (4) | $.01 PV Com Stk | 590 | 590 | D | ||||||||
Restricted Stock Unit | (2) | (5) | (5) | $.01 PV Com Stk | 9,825 | 9,825 | D | ||||||||
Opton | $11.13 | 12/09/2022 | 12/09/2031 | $.01 PV COM STK | 24,500 | 24,500 | D | ||||||||
Restricted Stock Unit | (2) | (6) | (6) | $.01 PV Com Stk | 11,800 | 11,800 | D | ||||||||
Option | $9.74 | 12/16/2023 | 12/16/2032 | $.01 PV COM STK | 26,700 | 26,700 | D |
Explanation of Responses: |
1. The original Form 4, filed on January 9, 2023, is being amended by this Form 4 amendment soley to correct an administrative error, which misreported the gifts previously reported as gifts of Common Stock. The amendment shows the gifts as gifts of Class B Stock. |
2. Each restricted stock unit represents the right to receive, at settlement, one share of common stock. |
3. Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January1, 2020- December 31, 2022. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2022, with the vesting percentage determined based on actual performance. |
4. These restricted stock units vest ratably on each anniversary of the grant date over three years. |
5. Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January1, 2021- December 31, 2023. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2023, with the vesting percentage determined based on actual performance. |
6. Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January1, 2022- December 31, 2024. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on February 24, 2025, with the vesting percentage determined based on actual performance. |
Remarks: |
/s/Julie Davis, as Power of Attorney for Mark Peabody | 02/02/2023 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |