Statement of Changes in Beneficial Ownership (4)
January 26 2021 - 4:22PM
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
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3235-0287
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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
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1. Name and Address of Reporting Person
*
KRAMER JAMES S |
2. Issuer Name and Ticker or Trading Symbol
ASTRONICS CORP
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ATRO
]
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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)
1/22/2021 |
(Street)
EAST AURORA, NY 14052
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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$.01 PV Common Stock | | | | | | | | 50012 | D | |
$.01 PV Class B Stock | | | | | | | | 402962 | D | |
$.01 PV Common Stock | | | | | | | | 787 | I | JAMES SHORE KRAMER CUST FOR LEAH JANE KRAMER (1) |
$.01 PV Class B Stock | | | | | | | | 254 | I | JAMES SHORE KRAMER CUST FOR LEAH JANE KRAMER (1) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 | $13.59 | | | | | | | 12/1/2012 | 12/1/2021 | $.01 PV Com Stk | 3200 | | 3200 | D | |
Option | $13.59 | | | | | | | 12/1/2012 | 12/1/2021 | $.01 PV Cl B Stk | 4859 | | 4859 | D | |
Option | $9.20 | | | | | | | 11/29/2013 | 11/29/2022 | $.01 PV Com Stk | 5700 | | 5700 | D | |
Option | $9.20 | | | | | | | 11/29/2013 | 11/29/2022 | $.01 PV Cl B Stk | 6783 | | 6784 | D | |
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 | |
Restricted Stock Unit | (2) | | | | | | | (3) | (3) | $.01 PV Com Stk | 920 | | 920 | D | |
Restricted Stock Unit | (4) | | | | | | | (3) | (3) | $.01 PV Cl B Stk | 138 | | 138 | D | |
Option | $31.57 | | | | | | | 12/13/2019 | 12/13/2028 | $.01 PV Com Stk | 7060 | | 7060 | D | |
Restricted Stock Unit | (2) | | | | | | | (5) | (5) | $.01 PV Com Stk | 929 | | 929 | D | |
Option | $30.04 | | | | | | | 12/9/2020 | 12/9/2029 | $.01 PV Com Stk | 13600 | | 13600 | D | |
Restricted Stock Unit | (2) | | | | | | | (6) | (6) | $.01 PV Com Stk | 6100 | | 6100 | D | |
Option | $14.45 | 1/22/2021 | | A | | 20250 | | 1/22/2022 | 1/22/2031 | $.01 PV Com Stk | 20250 | $14.45 | 20250 | D | |
Explanation of Responses: |
(1) | Represents shares held by James Shore Kramer Cust for Leah Jane Kramer. The beneficiary is the reporting person's immediate family. |
(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. |
(4) | Each restricted stock unit represents the right to receive, at settlement, one share of Class B stock. |
(5) | Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period of 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. |
(6) | 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
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
KRAMER JAMES S 130 COMMERCE WAY EAST AURORA, NY 14052 |
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| Executive Vice President |
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Signatures
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/s/Julie Davis, as Power of Attorney for James S. Kramer | | 1/26/2021 |
**Signature of Reporting Person | Date |
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