SEC Form 4
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
 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*
GUNDERMANN PETER J
(Last) (First) (Middle)
130 COMMERCE WAY
(Street)
EAST AURORA NY 14052
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ASTRONICS CORP [ ATRO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
PRESIDENT/CEO
3. Date of Earliest Transaction (Month/Day/Year)
10/17/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 109,911 D
$.01 PV CLASS B STOCK(1) 10/17/2008 J 40,090(2) A $0.00 90,540 D
$.01 PV COMMON STOCK 6,114 I BY SPOUSE(3)
$.01 PV CLASS B STOCK(1) 10/17/2008 J 2,294(2) A $0.00 5,358 I BY SPOUSE(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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(1) $4.917 10/17/2008 J 0 01/18/2001 01/18/2010 $.01 PV COM STK 11,183 $4.917 11,183 D
OPTION(1) $4.917 10/17/2008 J 3,844 01/18/2001 01/18/2010 $.01 PV CL B STK 8,037 $4.917 8,037 D
OPTION(1) $9.813 10/17/2008 J 0 04/26/2002 04/26/2011 $.01 PV COM STK 10,313 $9.813 10,313 D
OPTION(1) $9.813 10/17/2008 J 3,223 04/26/2002 04/26/2011 $.01 PV CL B STK 5,801 $9.813 5,801 D
OPTION(1) $8.178 10/17/2008 J 0 01/25/2003 01/25/2012 $.01 PV COM STK 11,555 $8.178 11,555 D
OPTION(1) $8.178 10/17/2008 J 2,889 01/25/2003 01/25/2012 $.01 PV CL B STK 2,889 $8.178 2,889 D
OPTION(1) $4.263 10/17/2008 J 0 01/24/2004 01/24/2013 $.01 PV COM STK 33,547 $4.263 33,547 D
OPTION(1) $4.263 10/17/2008 J 8,386 01/24/2004 01/24/2013 $.01 PV CL B STK 8,386 $4.263 8,386 D
OPTION(1) $4.392 10/17/2008 J 0 02/19/2005 02/19/2014 $.01 PV COM STK 40,800 $4.392 40,800 D
OPTION(1) $4.392 10/17/2008 J 10,200 02/19/2005 02/19/2014 $.01 PV CL B STK 10,200 $4.392 10,200 D
OPTION(1) $4.072 10/17/2008 J 0 12/14/2005 12/14/2014 $.01 PV COM STK 44,000 $4.072 44,000 D
OPTION(1) $4.072 10/17/2008 J 11,000 12/14/2005 12/14/2014 $.01 PV CL B STK 11,000 $4.072 11,000 D
OPTION(1) $5.2 10/17/2008 J 0 02/18/2006 02/18/2015 $.01 PV COM STK 20,000 $5.2 20,000 D
OPTION(1) $5.2 10/17/2008 J 5,000 02/18/2006 02/18/2015 $.01 PV CL B STK 5,000 $5.2 5,000 D
OPTION(1) $7.864 10/17/2008 J 0 12/13/2006 12/13/2015 $.01 PV COM STK 25,000 $7.864 25,000 D
OPTION(1) $7.864 10/17/2008 J 6,250 12/13/2006 12/13/2015 $.01 PV CL B STK 6,250 $7.864 6,250 D
OPTION(1) $13.888 10/17/2008 J 0 12/12/2007 12/12/2016 $.01 PV COM STK 14,460 $13.888 14,460 D
OPTION(1) $13.888 10/17/2008 J 3,615 12/12/2007 12/12/2016 $.01 PV CL B STK 3,615 $13.888 3,615 D
OPTION(1)(4) $31.848 10/17/2008 J 0 12/19/2008 12/19/2017 $.01 PV COM STK 6,680 $31.848 6,680 D
OPTION(1) $31.848 10/17/2008 J 1,670 12/19/2008 12/19/2017 $.01 PV CL B STK 1,670 $31.848 1,670 D
Explanation of Responses:
1. Adjusted pursuant to Class B stock distribution declared by the Board of Directors payable on 10/17/2008 of one share of Class B stock for every four shares of Common Stock and Class B Stock.
2. Shares issued pursuant to a one-for-four distribution of Class B Stock to holders of both Common and Class B Stock on the record date of October 6, 2008.
3. MR. GUNDERMANN DISCLAIMS ANY BENEFICIAL INTEREST IN THE SHARES OWNED BY HIS WIFE.
4. Granted pursuant to the Company's 2001 Key Employee Stock Option Plan.
Remarks:
/S/DAVID C. BURNEY, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN 10/20/2008
** 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.