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

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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(Print or Type Responses)
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 (Month/Day/Year)
12/01/2021
(Street)

EAST AURORA, NY 14052
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 COMMON STOCK               23,363 D  
$.01 PV CLASS B STOCK 12/01/2021   M   16,249 A $ 13.59 721,239 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 12/01/2021   M     16,249 12/01/2012 12/01/2021 $.01 PV CL B STK 16,249 $ 0 0 D  
OPTION $ 9.2             11/29/2013 11/29/2022 $.01 PV COM STK 18,700   18,700 D  
OPTION $ 9.2             11/29/2013 11/29/2022 $.01 PV CL B STK 22,254   22,254 D  
OPTION $ 28.45             12/11/2014 12/11/2023 $.01 PV COM STK 8,300   8,300 D  
OPTION $ 28.45             12/11/2014 12/11/2023 $.01 PV CL B STK 6,848   6,848 D  
OPTION $ 30.83             12/11/2015 12/11/2024 $.01 PV COM STK 10,100   10,100 D  
OPTION $ 30.83             12/11/2015 12/11/2024 $.01 PV CL B STK 5,261   5,261 D  
OPTION $ 27.72             12/03/2016 12/03/2025 $.01 PV COM STK 13,700   13,700 D  
Option $ 27.72             12/03/2016 12/03/2025 $.01 PV CL B STK 4,418   4,418 D  
Option $ 31.76             12/14/2017 12/14/2026 $.01 PV COM STK 14,460   14,460 D  
Option $ 31.76             12/14/2017 12/14/2026 $.01 PV CL B STK 2,169   2,169 D  
Option $ 35.61             12/12/2018 12/12/2027 $.01 PV COM STK 26,300   26,300 D  
Option $ 35.61             12/12/2018 12/12/2027 $.01 PV CL B STK 3,945   3,945 D  
Option $ 31.57             12/13/2019 12/13/2028 $.01 PV COM STK 34,790   34,790 D  
Restricted Stock Unit (1)               (2)   (2) $.01 PV COM STK 1,832   1,832 D  
Option $ 30.04             12/09/2020 12/09/2029 $.01 PV COM STK 61,200   61,200 D  
Restricted Stock Unit (1)               (3)   (3) $.01 PV COM STK 10,175   10,175 D  
Option $ 14.45             01/22/2022 01/22/2031 $.01 PV COM STK 98,900   98,900 D  
Restricted Stock Unit (1)               (4)   (4) $.01 PV COM STK 1,052   1,052 D  
Restricted Stock Unit (1)               (5)   (5) $.01 PV COM STK 12,275   12,275 D  

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/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN   12/03/2021
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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 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.
(3) 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.
(4) These restricted stock units vest ratably on each anniversary of the grant date over three years.
(5) Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2021- December 31, 2023. 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.

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