Astronics (ATRO) Form 4 ASTRONICS / JOHN B DRENNING ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DRENNING JOHN B

(Last) (First) (Middle)

THE GUARANTY BUILDING

140 PEARL ST., SUITE 100

(Street)

BUFFALO NY 14202-4040

(City) (State) (Zip)

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
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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 Com Stk								40,779	D
$.01 PV Cl B Stk								445,103	D
$.01 PV Com Stk	09/25/2019		M		2,222	A	$0.00	2,222	I	Estate of John Drenning(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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	$2.67							09/05/2009	03/05/2019	$.01 PV Com Stk	4,000		4,000	D
Option	$2.67							09/05/2009	03/05/2019	$.01 PV Cl B Stk	7,081		7,081	D
Option	$3.19							09/02/2010	03/02/2020	$.01 PV Com Stk	5,000		5,000	D
Option	$3.19							09/02/2010	03/02/2020	$.01 PV Cl B Stk	8,852		8,852	D
Option	$7.78							08/28/2011	02/28/2021	$.01 PV Com Stk	2,500		2,500	D
Option	$7.78							08/28/2011	02/28/2021	$.01 PV Cl B Stk	4,426		4,426	D
Option	$13.69							08/28/2012	02/28/2022	$.01 PV Com Stk	3,000		3,000	D
Option	$13.69							08/28/2012	02/28/2022	$.01 PV Cl B Stk	4,556		4,556	D
Option	$12.65							08/22/2013	02/22/2023	$.01 PV Com Stk	3,000		3,000	D
Option	$12.65							08/22/2013	02/22/2023	$.01 PV Cl B Stk	3,570		3,570	D
Option	$35.81							09/03/2014	03/03/2024	$.01 PV Com Stk	2,000		2,000	D
Option	$35.81							09/03/2014	03/03/2024	$.01 PV Cl B Stk	1,650		1,650	D
Option	$45.88							09/10/2015	03/10/2025	$.01 PV Com Stk	3,000		3,000	D
Option	$45.88							09/10/2015	03/10/2025	$.01 PV Cl B Stk	1,563		1,563	D
Option	$22.93							08/26/2016	02/26/2026	$.01 PV Com Stk	4,000		4,000	D
Option	$22.93							08/26/2016	02/26/2026	$.01 PV Cl B Stk	1,290		1,290	D
Option	$28.5							09/07/2017	03/07/2027	$.01 PV Com Stk	4,000		4,000	D
Option	$28.5							09/07/2017	03/07/2027	$.01 PV Cl B Stk	600		600	D
Option	$34.04							03/02/2019	03/02/2028	$.01 PV Com Stk	4,000		4,000	D
Option	$34.04							03/02/2019	03/02/2028	$.01 PV Cl B Stk	600		600	D
Restricted Stock Unit	(2)	09/25/2019		M			2,222	(3)	(3)	$.01 PV Com Stk	2,222	$0.00	0	D

Explanation of Responses:

1. John Drenning passed away on March 2, 2019. RSU shares issued to estate.

2. Each restricted stock unit represents the right to receive, at settlement, one share of common stock.

3. These restricted stock units vested 100% on August 26, 2019 and were issued on September 25, 2019.

Remarks:

	/s/Julie Davis as Power of Attorney for John B. Drenning	09/25/2019
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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