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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

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/YYYY)

10/17/2008
(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                  109911   D    
$.01 PV CLASS B STOCK   (1) 10/17/2008     J    40090   (2) A $0.00   90540   D    
$.01 PV COMMON STOCK                  6114   I   BY SPOUSE   (3)
$.01 PV CLASS B STOCK   (1) 10/17/2008     J    2294   (2) A $0.00   5358   I   BY SPOUSE   (3)

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   (1) $4.917   10/17/2008        0       1/18/2001   1/18/2010   $.01 PV COM STK   11183   $4.917   11183   D    
OPTION   (1) $4.917   10/17/2008        3844       1/18/2001   1/18/2010   $.01 PV CL B STK   8037   $4.917   8037   D    
OPTION   (1) $9.813   10/17/2008        0       4/26/2002   4/26/2011   $.01 PV COM STK   10313   $9.813   10313   D    
OPTION   (1) $9.813   10/17/2008        3223       4/26/2002   4/26/2011   $.01 PV CL B STK   5801   $9.813   5801   D    
OPTION   (1) $8.178   10/17/2008        0       1/25/2003   1/25/2012   $.01 PV COM STK   11555   $8.178   11555   D    
OPTION   (1) $8.178   10/17/2008        2889       1/25/2003   1/25/2012   $.01 PV CL B STK   2889   $8.178   2889   D    
OPTION   (1) $4.263   10/17/2008        0       1/24/2004   1/24/2013   $.01 PV COM STK   33547   $4.263   33547   D    
OPTION   (1) $4.263   10/17/2008        8386       1/24/2004   1/24/2013   $.01 PV CL B STK   8386   $4.263   8386   D    
OPTION   (1) $4.392   10/17/2008        0       2/19/2005   2/19/2014   $.01 PV COM STK   40800   $4.392   40800   D    
OPTION   (1) $4.392   10/17/2008        10200       2/19/2005   2/19/2014   $.01 PV CL B STK   10200   $4.392   10200   D    
OPTION   (1) $4.072   10/17/2008        0       12/14/2005   12/14/2014   $.01 PV COM STK   44000   $4.072   44000   D    
OPTION   (1) $4.072   10/17/2008        11000       12/14/2005   12/14/2014   $.01 PV CL B STK   11000   $4.072   11000   D    
OPTION   (1) $5.20   10/17/2008        0       2/18/2006   2/18/2015   $.01 PV COM STK   20000   $5.20   20000   D    
OPTION   (1) $5.20   10/17/2008        5000       2/18/2006   2/18/2015   $.01 PV CL B STK   5000   $5.20   5000   D    
OPTION   (1) $7.864   10/17/2008        0       12/13/2006   12/13/2015   $.01 PV COM STK   25000   $7.864   25000   D    
OPTION   (1) $7.864   10/17/2008        6250       12/13/2006   12/13/2015   $.01 PV CL B STK   6250   $7.864   6250   D    
OPTION   (1) $13.888   10/17/2008        0       12/12/2007   12/12/2016   $.01 PV COM STK   14460   $13.888   14460   D    
OPTION   (1) $13.888   10/17/2008        3615       12/12/2007   12/12/2016   $.01 PV CL B STK   3615   $13.888   3615   D    
OPTION   (1) (4) $31.848   10/17/2008        0       12/19/2008   12/19/2017   $.01 PV COM STK   6680   $31.848   6680   D    
OPTION   (1) $31.848   10/17/2008        1670       12/19/2008   12/19/2017   $.01 PV CL B STK   1670   $31.848   1670   D    

Explanation of Responses:
( 1)  Adjusted pursuant to Class B stock distribution declared by the Board of Directors payable on 10/17/2008 of one share of Class B stock for every four shares of Common Stock and Class B Stock.
( 2)  Shares issued pursuant to a one-for-four distribution of Class B Stock to holders of both Common and Class B Stock on the record date of October 6, 2008.
( 3)  MR. GUNDERMANN DISCLAIMS ANY BENEFICIAL INTEREST IN THE SHARES OWNED BY HIS WIFE.
( 4)  Granted pursuant to the Company's 2001 Key Employee Stock Option Plan.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GUNDERMANN PETER J
130 COMMERCE WAY
EAST AURORA, NY 14052
X
PRESIDENT/CEO

Signatures
/S/DAVID C. BURNEY, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN 10/20/2008
** 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.
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