Statement of Changes in Beneficial Ownership (4)
21 December 2022 - 08:20AM
Edgar (US Regulatory)
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 OF SECURITIES
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
|
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
|
|
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/YYYY)
6/3/2022
|
(Street)
EAST AURORA, NY 14052
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
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. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. 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 |
6/3/2022 |
|
J(1) |
|
210.899 |
A |
$0.00 |
54883.24 |
D |
|
$.01 PV Common Stock |
8/31/2022 |
|
J(1) |
|
245.37 |
A |
$0.00 |
55128.61 |
D |
|
$.01 PV Common Stock |
12/9/2022 |
|
J(1) |
|
217.304 |
A |
$0.00 |
55345.91 |
D |
|
$.01 PV Common Stock |
12/13/2022 |
|
W |
|
35555 |
D |
$0.00 |
19790.91 |
D |
|
$.01 PV Class B Stock |
12/12/2022 |
|
W |
|
279758 |
D |
$0.00 |
123342 |
D |
|
$.01 PV Common Stock |
12/13/2022 |
|
W(2) |
|
35555 |
A |
$0.00 |
35555 |
I |
Estate executor James
Kramer |
$.01 PV Class B Stock |
12/12/2022 |
|
W(2) |
|
279758 |
A |
$0.00 |
279758 |
I |
Estate executor James
Kramer |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. 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 |
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 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 |
$28.45 |
|
|
|
|
|
|
12/11/2014 |
12/11/2023 |
$.01 PV Com Stk |
2330 |
|
2330 |
D |
|
Option |
$28.45 |
|
|
|
|
|
|
12/11/2014 |
12/11/2023 |
$.01 PV Cl B Stk |
1922 |
|
1923 |
D |
|
Option |
$30.83 |
|
|
|
|
|
|
12/11/2015 |
12/11/2024 |
$.01 PV Com Stk |
2720 |
|
2720 |
D |
|
Option |
$30.83 |
|
|
|
|
|
|
12/11/2015 |
12/11/2024 |
$.01 PV Cl B Stk |
1417 |
|
1417 |
D |
|
Option |
$27.72 |
|
|
|
|
|
|
12/3/2016 |
12/3/2025 |
$.01 PV Com Stk |
3500 |
|
3500 |
D |
|
Option |
$27.72 |
|
|
|
|
|
|
12/3/2016 |
12/3/2025 |
$.01 PV Cl B Stk |
1129 |
|
1129 |
D |
|
Option |
$31.76 |
|
|
|
|
|
|
12/14/2017 |
12/14/2026 |
$.01 PV Com Stk |
3670 |
|
3670 |
D |
|
Option |
$31.76 |
|
|
|
|
|
|
12/14/2017 |
12/14/2026 |
$.01 PV Cl B Stk |
551 |
|
551 |
D |
|
Option |
$35.61 |
|
|
|
|
|
|
12/12/2018 |
12/12/2027 |
$.01 PV Com Stk |
5340 |
|
5340 |
D |
|
Option |
$35.61 |
|
|
|
|
|
|
12/12/2018 |
12/12/2027 |
$.01 PV Cl B Stk |
801 |
|
801 |
D |
|
Option |
$31.57 |
|
|
|
|
|
|
12/13/2019 |
12/13/2028 |
$.01 PV Com Stk |
7060 |
|
7060 |
D |
|
Option |
$30.04 |
|
|
|
|
|
|
12/9/2020 |
12/9/2029 |
$.01 PV Com Stk |
13600 |
|
13600 |
D |
|
Restricted Stock Unit |
(3) |
|
|
|
|
|
|
(4) |
(4) |
$.01 PV Com Stk |
6100 |
|
6100 |
D |
|
Option |
$14.45 |
|
|
|
|
|
|
1/22/2022 |
1/22/2031 |
$.01 PV Com Stk |
20250 |
|
20250 |
D |
|
Restricted Stock Unit |
(3) |
|
|
|
|
|
|
(5) |
(5) |
$.01 PV Com Stk |
349 |
|
349 |
D |
|
Restricted Stock Unit |
(3) |
|
|
|
|
|
|
(6) |
(6) |
$.01 PV Com Stk |
7375 |
|
7375 |
D |
|
Option |
$11.13 |
|
|
|
|
|
|
12/9/2022 |
12/9/2031 |
$.01 PV COM STK |
24500 |
|
24500 |
D |
|
Restricted Stock Unit |
(3) |
|
|
|
|
|
|
(7) |
(7) |
$.01 PV Com Stk |
8850 |
|
8850 |
D |
|
Option |
$9.74 |
12/16/2022 |
|
M |
|
26700 |
|
12/16/2023 |
12/16/2032 |
$.01 PV Com Stk |
26700 |
$9.74 |
26700 |
D |
|
Explanation of
Responses: |
(1) |
Reflects issuer's
contribution to the reporting person's account in the issuer stock
fund included in the issuer's 401(k) plan. The shares are held in
the 401(k) account. |
(2) |
Reflects shares previously
reported as beneficially owned directly by Mr. Kramer, but are now
held through an estate for which Mr. Kramer serves as executor. Mr.
Kramer is expected to receive ownership of these shares once the
estate is settled. |
(3) |
Each restricted stock unit
represents the right to receive, at settlement, one share of common
stock. |
(4) |
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. |
(5) |
These restricted stock units
vest ratably on each anniversary of the grant date over three
years. |
(6) |
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. |
(7) |
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. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
KRAMER JAMES S
130 COMMERCE WAY
EAST AURORA, NY 14052 |
|
|
Executive Vice President |
|
Signatures
|
/s/Julie Davis, as Power of Attorney for James S.
Kramer |
|
12/20/2022 |
**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 control number. |
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