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 *

BURNEY DAVID C
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-FINANCE, CFO
(Last)          (First)          (Middle)

130 COMMERCE WAY
3. Date of Earliest Transaction (MM/DD/YYYY)

8/15/2019
(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   8/15/2019     S    4000   D $26.20   33434   D    
$.01 PV CLASS B STOCK                  160315   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   $2.84                    12/3/2010   12/3/2019   $.01 PV COM STK   12710     12710   D    
OPTION   $2.84                    12/3/2010   12/3/2019   $.01 PV CL B STK   22502     22502   D    
OPTION   $7.68                    12/2/2011   12/2/2020   $.01 PV COM STK   5000     5000   D    
OPTION   $7.68                    12/2/2011   12/2/2020   $.01 PV CL B STK   8852     8852   D    
OPTION   $13.59                    12/1/2012   12/1/2021   $.01 PV COM STK   3600     3600   D    
OPTION   $13.59                    12/1/2012   12/1/2021   $.01 PV CL B STK   5467     5467   D    
OPTION   $9.20                    11/29/2013   11/29/2022   $.01 PV COM STK   6400     6400   D    
OPTION   $9.20                    11/29/2013   11/29/2022   $.01 PV CL B STK   7616     7616   D    
OPTION   $28.45                    12/11/2014   12/11/2023   $.01 PV COM STK   2600     2600   D    
Option   $28.45                    12/11/2014   12/11/2023   $.01 PV CL B STK   2145     2145   D    
OPTION   $30.83                    12/11/2015   12/11/2024   $.01 PV COM STK   3150     3150   D    
Option   $30.83                    12/11/2015   12/11/2024   $.01 PV CL B STK   1641     1641   D    
Option   $27.72                    12/3/2016   12/3/2025   $.01 PV COM STK   4100     4100   D    
Option   $27.72                    12/3/2016   12/3/2025   $.01 PV CL B STK   1322     1322   D    
Option   $31.76                    12/14/2017   12/14/2026   $.01 PV COM STK   4370     4370   D    
Option   $31.76                    12/14/2017   12/14/2026   $.01 PV CL B STK   656     656   D    
Option   $35.61                    12/12/2018   12/12/2027   $.01 PV COM STK   6350     6350   D    
Option   $35.61                    12/12/2018   12/12/2027   $.01 PV CL B STK   953     953   D    
Restricted Stock Unit     (1)                    (2)   (2) $.01 PV COM STK   1095     1095   D    
Restricted Stock Unit     (3)                    (2)   (2) $.01 PV CL B STK   164     164   D    
Option   $31.57                    12/13/2019   12/13/2028   $.01 PV COM STK   8410     8410   D    
Restricted Stock Unit     (1)                    (4)   (4) $.01 PV COM STK   1106     1106   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 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BURNEY DAVID C
130 COMMERCE WAY
EAST AURORA, NY 14052


VP-FINANCE, CFO

Signatures
/S/Julie Davis, as power of attorney for David C. Burney 8/16/2019
** 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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