Sec Form 4 Filing - GUNDERMANN PETER J @ ASTRONICS CORP - 2018-04-02

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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
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1. Name and Address of Reporting Person
GUNDERMANN PETER J
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
(Last) (First) (Middle)
130 COMMERCE WAY
3. Date of Earliest Transaction (MM/DD/YY)
04/02/2018
(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 04/02/2018 S( 1 ) 2,000 D $ 36.66 15,595 D
$.01 PV CLASS B STOCK 531,551 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 (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 $ 3.27 12/09/2009 12/09/2018 $.01 PV COM STK 35,451 35,451 D
OPTION $ 3.27 12/09/2009 12/09/2018 $.01 PV CL B STK 51,588 51,588 D
OPTION $ 3.27 12/03/2010 12/03/2019 $.01 PV COM STK 37,480 37,480 D
OPTION $ 3.27 12/03/2010 12/03/2019 $.01 PV CL B STK 52,812 52,812 D
OPTION $ 8.82 12/02/2011 12/02/2020 $.01 PV COM STK 14,700 14,700 D
OPTION $ 8.82 12/02/2011 12/02/2020 $.01 PV CL B STK 20,714 20,714 D
OPTION $ 15.63 12/01/2012 12/01/2021 $.01 PV COM STK 10,700 10,700 D
OPTION $ 15.63 12/01/2012 12/01/2021 $.01 PV CL B STK 12,734 12,734 D
OPTION $ 10.58 11/29/2013 11/29/2022 $.01 PV COM STK 18,700 18,700 D
OPTION $ 10.58 11/29/2013 11/29/2022 $.01 PV CL B STK 16,912 16,912 D
OPTION $ 32.72 12/11/2014 12/11/2023 $.01 PV COM STK 8,300 8,300 D
OPTION $ 32.72 12/11/2014 12/11/2023 $.01 PV CL B STK 4,872 4,872 D
OPTION $ 35.46 12/11/2015 12/11/2024 $.01 PV COM STK 10,100 10,100 D
OPTION $ 35.46 12/11/2015 12/11/2024 $.01 PV CL B STK 3,257 3,257 D
OPTION $ 31.88 12/03/2016 12/03/2025 $.01 PV COM STK 13,700 13,700 D
Option $ 31.88 12/03/2016 12/03/2025 $.01 PV CL B STK 2,055 2,055 D
Option $ 36.52 12/14/2017 12/14/2026 $.01 PV COM STK 14,460 14,460 D
Option $ 40.95 12/12/2018 12/12/2027 $.01 PV COM STK 26,300 26,300 D
Restricted Stock Unit ( 2 ) ( 3 ) ( 3 ) $.01 PV COM STK 1,805 1,805 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GUNDERMANN PETER J
130 COMMERCE WAY
EAST AURORA, NY14052
X PRESIDENT/CEO
Signatures
/S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN 04/04/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Sold pursuant to a 10b5-1 trading plan.
( 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.

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