PHOTRONICS INC — Director's Dealing 2011

Dec 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHOTRONICS INC (PLAB)
CIK: 0000810136
Period of Report: 2011-12-23

Reporting Person: MACRICOSTAS GEORGE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-23	Common Stock	M	18750	$.76	Acquired	28874	Direct
2011-12-23	Common Stock	M	10000	$4.42	Acquired	38874	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-23	Stock Options (Right to Buy)	$.76	M	18750	Disposed	2018-11-10	Common Stock (18750)	Direct
2011-12-23	Stock Options (Right to Buy)	$4.42	M	10000	Disposed	2019-12-21	Common Stock (10000)	Direct

Footnotes

F1: The stock options vest 25% over 4 years on the anniversary date of the grant.

F2: The stock options vest 50% on the first anniversary of the grant date. The remaining 50% vest in equal installments over the following 3 years on the anniversary date of the grant.