PHOTRONICS INC — Director's Dealing 2011

Jun 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHOTRONICS INC (PLAB)
CIK: 0000810136
Period of Report: 2011-06-23

Reporting Person: KIRLIN PETER S (Senior VP, U.S. & Europe)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-23	Common Stock	X	30000	$3.27	Acquired	40000	Direct
2011-06-23	Common Stock	S	30000	$8.0222	Disposed	10000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-23	Stock Options (Right to Buy)	$3.27	X	30000	Disposed	2018-08-29	Common Stock (30000)	Direct

Footnotes

F1: This transaction was executed in multiple trades ranging from $8.00 to $8.07. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and the prices at which the transaction was effected.

F2: The options vest 25% over 4 years on the anniversary date of the grant commencing August 29, 2009.