Sec Form 4 Filing - KRAMER JAMES S @ ASTRONICS CORP - 2016-09-30

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
KRAMER JAMES S
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)
Executive Vice President
(Last) (First) (Middle)
130 COMMERCE WAY
3. Date of Earliest Transaction (MM/DD/YY)
09/30/2016
(Street)
EAST AURORA, NY14052
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 09/30/2016 A( 1 ) 641 A $ 28.82 43,241 D
$.01 PV Class B Stock 09/30/2016 A( 1 ) 97 A $ 28.82 248,671 D
$.01 PV Common Stock 220 I By Spouse ( 2 )
$.01 PV Class B Stock 568 I By Spouse ( 2 )
$.01 PV Common Stock 787 I JAMES SHORE KRAMER CUST FOR LEAH JANE KRAMER ( 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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 $ 6.63 12/12/2007 12/12/2016 $.01 PV Cl B Stk 6,522 6,522 D
Option $ 15.2 12/19/2008 12/19/2017 $.01 PV Com Stk 2,010 2,010 D
Option $ 15.2 12/19/2008 12/19/2017 $.01 PV Cl B Stk 3,254 3,254 D
Option $ 3.76 12/09/2009 12/09/2018 $.01 PV Com Stk 11,800 11,800 D
Option $ 3.76 12/09/2009 12/09/2018 $.01 PV Cl B Stk 12,919 12,919 D
Option $ 3.76 12/03/2010 12/03/2019 $.01 PV Com Stk 11,750 11,750 D
Option $ 3.76 12/03/2010 12/03/2019 $.01 PV Cl B Stk 12,865 12,865 D
Option $ 10.15 12/02/2011 12/02/2020 $.01 PV Com Stk 4,350 4,350 D
Option $ 10.15 12/02/2011 12/02/2020 $.01 PV Cl B Stk 4,763 4,763 D
Option $ 17.98 12/01/2012 12/01/2021 $.01 PV Com Stk 3,200 3,200 D
Option $ 17.98 12/01/2012 12/01/2021 $.01 PV Cl B Stk 2,894 2,894 D
Option $ 12.17 11/29/2013 11/29/2022 $.01 PV Com Stk 5,700 5,700 D
Option $ 12.17 11/29/2013 11/29/2022 $.01 PV Cl B Stk 3,739 3,739 D
Option $ 37.63 12/11/2014 12/11/2023 $.01 PV Com Stk 2,330 2,330 D
Option $ 37.63 12/11/2014 12/11/2023 $.01 PV Cl B Stk 885 885 D
Option $ 40.77 12/11/2015 12/11/2024 $.01 PV Com Stk 2,720 2,720 D
Option $ 40.77 12/11/2015 12/11/2024 $.01 PV Cl B Stk 408 408 D
Option $ 36.66 12/03/2016 12/03/2025 $.01 PV Com Stk 3,500 3,500 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KRAMER JAMES S
130 COMMERCE WAY
EAST AURORA, NY14052
Executive Vice President
Signatures
/s/David C. Burney, as Power of Attorney for James S. Kramer 10/03/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Acquired shares via exercise of subscription agreement under employee stock purchase plan.
( 2 )Mr. Kramer disclaims any beneficial interest in the shares owned by his wife.
( 3 )Represents shares held by James Shore Kramer Cust for Leah Jane Kramer. The beneficiary is the reporting person's immediate family.

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.