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ATRO > SEC Filings for ATRO > Form 8-K on 21-Feb-2014All Recent SEC Filings

Show all filings for ASTRONICS CORP



Other Events

Item 8.01 Other Events

James S. Kramer, Astronics Corporation Executive Vice President, has determined to monetize a portion of his equity position in the Registrant's common stock in a systematic, non-discretionary manner with minimal market impact and in accordance with applicable law and regulations.

Accordingly, pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, Mr. Kramer, adopted a written plan on February 19, 2014 relating to future sales of the Registrant's common stock. Mr. Kramer's plan will begin on April 1, 2014 and will continue for one year, unless sooner terminated. Under Mr. Kramer's plan, he will place an order to sell shares of the Registrant's common stock on the open market and at prevailing market prices, subject to a price floor as follows:

                  Effective Date     Number of     Expiration Date
                     of Order      Common Shares      of Order
                    04/01/2014         6,000         03/31/2015
                    05/01/2014         6,000         03/31/2015
                    06/01/2014         3,000         03/31/2015
                    07/16/2014         3,000         03/31/2015
                    09/01/2014         3,000         03/31/2015
                    11/01/2014         3,000         03/31/2015
                    01/06/2015         3,000         03/31/2015
                    02/01/2015         3,000         03/31/2015

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