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ATRO > SEC Filings for ATRO > Form 8-K on 4-Jun-2014All Recent SEC Filings

Show all filings for ASTRONICS CORP

Form 8-K for ASTRONICS CORP


4-Jun-2014

Other Events


Item 8.01 Other Events

David C. Burney, Astronics Corp Executive Vice President and Chief Financial Officer, 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. Burney adopted a written plan on May 30, 2014 relating to future sales of the Registrant's common stock. Mr. Burney's plan will begin on June 6, 2014 and will continue until January 31, 2015, unless sooner terminated. Under Mr. Burney'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
                    07/08/2014         4,000         12/31/2014
                    08/05/2014         4,000         12/31/2014
                    09/09/2014         4,000         12/31/2014
                    10/07/2014         4,000         12/31/2014
                    11/11/2014         4,000         12/31/2014
                    12/09/2014         4,000         12/31/2014


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