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 or Section 30(h) 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)

12/2/2020
(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 12/2/2020  M  14700 A$7.68 22121 D  
$.01 PV CLASS B STOCK         704720 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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
OPTION $7.68 12/2/2020  M     14700  12/2/2011 12/2/2020 $.01 PV COM STK 14700 $7.68 0 D  
OPTION $13.59           12/1/2012 12/1/2021 $.01 PV COM STK 10700  10700 D  
OPTION $13.59           12/1/2012 12/1/2021 $.01 PV CL B STK 16249  16249 D  
OPTION $9.20           11/29/2013 11/29/2022 $.01 PV COM STK 18700  18700 D  
OPTION $9.20           11/29/2013 11/29/2022 $.01 PV CL B STK 22254  22254 D  
OPTION $28.45           12/11/2014 12/11/2023 $.01 PV COM STK 8300  8300 D  
OPTION $28.45           12/11/2014 12/11/2023 $.01 PV CL B STK 6848  6848 D  
OPTION $30.83           12/11/2015 12/11/2024 $.01 PV COM STK 10100  10100 D  
OPTION $30.83           12/11/2015 12/11/2024 $.01 PV CL B STK 5261  5261 D  
OPTION $27.72           12/3/2016 12/3/2025 $.01 PV COM STK 13700  13700 D  
Option $27.72           12/3/2016 12/3/2025 $.01 PV CL B STK 4418  4418 D  
Option $31.76           12/14/2017 12/14/2026 $.01 PV COM STK 14460  14460 D  
Option $31.76           12/14/2017 12/14/2026 $.01 PV CL B STK 2169  2169 D  
Option $35.61           12/12/2018 12/12/2027 $.01 PV COM STK 26300  26300 D  
Option $35.61           12/12/2018 12/12/2027 $.01 PV CL B STK 3945  3945 D  
Restricted Stock Unit  (1)           (2) (2)$.01 PV COM STK 1805  1805 D  
Restricted Stock Unit  (3)           (2) (2)$.01 PV CL B STK 270  270 D  
Option $31.57           12/13/2019 12/13/2028 $.01 PV COM STK 34790  34790 D  
Restricted Stock Unit  (1)           (4) (4)$.01 PV COM STK 1832  1832 D  
Option $30.04           12/9/2020 12/9/2029 $.01 PV COM STK 61200  61200 D  
Restricted Stock Unit  (1)           (5) (5)$.01 PV COM STK 10175  10175 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 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.
(3) Each restricted stock unit represents the right to receive, at settlement, one share of Class B stock.
(4) Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2019-December 31, 2021. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2021, 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, 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
GUNDERMANN PETER J
130 COMMERCE WAY
EAST AURORA, NY 14052
X
PRESIDENT/CEO

Signatures
/S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN12/2/2020
**Signature of Reporting PersonDate

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