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
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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*
PEABODY MARK
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP Astronics Advanced Electron
3. Date of Earliest Transaction (Month/Day/Year)
10/12/2018
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 11,675 D
$.01 PV Class B Stock 10/12/2018 J(1) 18,102 A $0.00 127,107 D
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 $2.85 12/09/2009 12/09/2018 $.01 PV Com Stk 16,880 16,880 D
Option $2.85 10/12/2018 J(1) 6,100 12/09/2009 12/09/2018 $.01 PV Cl B Stk 29,885 $0.00 29,885 D
Option $2.84 12/03/2010 12/03/2019 $.01 PV Com Stk 16,840 16,840 D
Option $2.84 10/12/2018 J(1) 6,085 12/03/2010 12/03/2019 $.01 PV Cl B Stk 29,814 $0.00 29,814 D
Option $7.68 12/02/2011 12/02/2020 $.01 PV Com Stk 6,500 6,500 D
Option $7.68 10/12/2018 J(1) 2,349 12/02/2011 12/02/2020 $.01 PV Cl B Stk 11,508 $0.00 11,508 D
Option $13.59 12/01/2012 12/01/2021 $.01 PV Com Stk 4,300 4,300 D
Option $13.59 10/12/2018 J(1) 1,412 12/01/2012 12/01/2021 $.01 PV Cl B Stk 6,530 $0.00 6,530 D
Option $9.2 11/29/2013 11/29/2022 $.01 PV Com Stk 7,400 7,400 D
Option $9.2 10/12/2018 J(1) 2,114 11/29/2013 11/29/2022 $.01 PV Cl B Stk 8,807 $0.00 8,807 D
Option $28.45 12/11/2014 12/11/2023 $.01 PV Com Stk 2,990 2,990 D
Option $28.45 10/12/2018 J(1) 712 12/11/2014 12/11/2023 $.01 PV Cl B Stk 2,467 $0.00 2,467 D
Option $30.83 12/11/2015 12/11/2024 $.01 PV Com Stk 3,470 3,470 D
Option $30.83 10/12/2018 J(1) 688 12/11/2015 12/11/2024 $.01 PV Cl B Stk 1,807 $0.00 1,807 D
Option $27.72 12/03/2016 12/03/2025 $.01 PV Com Stk 4,500 4,500 D
Option $27.72 10/12/2018 J(1) 776 12/03/2016 12/03/2025 $.01 PV Cl B Stk 1,451 $0.00 1,451 D
Option $31.76 12/14/2017 12/14/2026 $.01 PV Com Stk 4,820 4,820 D
Option $31.76 10/12/2018 J(1) 723 12/14/2017 12/14/2026 $.01 PV Cl B Stk 723 $0.00 723 D
Option $35.61 12/12/2018 12/12/2027 $.01 PV Com Stk 7,010 7,010 D
Option $35.61 10/12/2018 J(1) 1,052 12/12/2018 12/12/2027 $.01 PV Cl B Stk 1,052 $0.00 1,052 D
Restricted Stock Unit (2) (3) (3) $.01 PV Com Stk 1,205 1,205 D
Restricted Stock Unit (4) 10/12/2018 J(1) 180 (3) (3) $.01 PV Cl B Stk 180 $0.00 180 D
Explanation of Responses:
1. Shares issued pursuant to a three-for-twenty distribution of Class B stock to holders of both Common and Class B stock on the record date of October 12, 2018.
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 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.
4. Each restricted stock unit represents the right to receive, at settlement, one share of Class B stock.
Remarks:
/s/Julie Davis, as Power of Attorney for Mark Peabody 10/16/2018
** 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).
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