Statement of Changes in Beneficial Ownership (4)
10 January 2023 - 08:30AM
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).
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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 * PEABODY MARK |
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 |
(Last)
(First)
(Middle)
130 COMMERCE WAY |
3. Date of Earliest Transaction (MM/DD/YYYY)
1/4/2023
|
(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 |
1/4/2023 |
|
G |
|
3400 |
D |
$0.00 |
28478.161 |
D |
|
$.01 PV Common Stock |
1/6/2023 |
|
G |
|
3100 |
D |
$0.00 |
25378.161 |
D |
|
$.01 PV Class B Stock |
|
|
|
|
|
|
|
198494 |
D |
|
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 |
2990 |
|
2990 |
D |
|
Option |
$28.45 |
|
|
|
|
|
|
12/11/2014 |
12/11/2023 |
$.01 PV Cl B Stk |
2467 |
|
2467 |
D |
|
Option |
$30.83 |
|
|
|
|
|
|
12/11/2015 |
12/11/2024 |
$.01 PV Com Stk |
3470 |
|
3470 |
D |
|
Option |
$30.83 |
|
|
|
|
|
|
12/11/2015 |
12/11/2024 |
$.01 PV Cl B Stk |
1807 |
|
1807 |
D |
|
Option |
$27.72 |
|
|
|
|
|
|
12/3/2016 |
12/3/2025 |
$.01 PV Com Stk |
4500 |
|
4500 |
D |
|
Option |
$27.72 |
|
|
|
|
|
|
12/3/2016 |
12/3/2025 |
$.01 PV Cl B Stk |
1451 |
|
1451 |
D |
|
Option |
$31.76 |
|
|
|
|
|
|
12/14/2017 |
12/14/2026 |
$.01 PV Com Stk |
4820 |
|
4820 |
D |
|
Option |
$31.76 |
|
|
|
|
|
|
12/14/2017 |
12/14/2026 |
$.01 PV Cl B Stk |
723 |
|
723 |
D |
|
Option |
$35.61 |
|
|
|
|
|
|
12/12/2018 |
12/12/2027 |
$.01 PV Com Stk |
7010 |
|
7010 |
D |
|
Option |
$35.61 |
|
|
|
|
|
|
12/12/2018 |
12/12/2027 |
$.01 PV Cl B Stk |
1052 |
|
1052 |
D |
|
Option |
$31.57 |
|
|
|
|
|
|
12/13/2019 |
12/13/2028 |
$.01 PV Com Stk |
9280 |
|
9280 |
D |
|
Option |
$30.04 |
|
|
|
|
|
|
12/9/2020 |
12/9/2029 |
$.01 PV Com Stk |
13600 |
|
13600 |
D |
|
Restricted Stock Unit |
(1) |
|
|
|
|
|
|
(2) |
(2) |
$.01 PV Com Stk |
6625 |
|
6625 |
D |
|
Option |
$14.45 |
|
|
|
|
|
|
1/22/2022 |
1/22/2031 |
$.01 PV Com Stk |
20250 |
|
20250 |
D |
|
Restricted Stock Unit |
(1) |
|
|
|
|
|
|
(3) |
(3) |
$.01 PV Com Stk |
590 |
|
590 |
D |
|
Restricted Stock Unit |
(1) |
|
|
|
|
|
|
(4) |
(4) |
$.01 PV Com Stk |
9825 |
|
9825 |
D |
|
Opton |
$11.13 |
|
|
|
|
|
|
12/9/2022 |
12/9/2031 |
$.01 PV COM STK |
24500 |
|
24500 |
D |
|
Restricted Stock Unit |
(1) |
|
|
|
|
|
|
(5) |
(5) |
$.01 PV Com Stk |
11800 |
|
11800 |
D |
|
Option |
$9.74 |
|
|
|
|
|
|
12/16/2023 |
12/16/2032 |
$.01 PV COM STK |
26700 |
|
26700 |
D |
|
Explanation of
Responses: |
(1) |
Each restricted stock unit
represents the right to receive, at settlement, one share of common
stock. |
(2) |
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. |
(3) |
These restricted stock units
vest ratably on each anniversary of the grant date over three
years. |
(4) |
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. |
(5) |
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 |
PEABODY MARK
130 COMMERCE WAY
EAST AURORA, NY 14052 |
|
|
VP Astronics Advanced Electron |
|
Signatures
|
/s/Julie Davis, as Power of Attorney for Mark
Peabody |
|
1/9/2023 |
**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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