PHOTRONICS INC — Director's Dealing 2015

Dec 11, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHOTRONICS INC (PLAB)
CIK: 0000810136
Period of Report: 2015-12-09

Reporting Person: Progler Christopher J (VP, Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-10	Common Stock	S	11415	$12.70	Disposed	54300	Direct
2015-12-10	Common Stock	M	3550	$5.46	Acquired	65715	Direct
2015-12-10	Common Stock	M	4315	$6.71	Acquired	62165	Direct
2015-12-10	Common Stock	M	3550	$4.42	Acquired	57850	Direct
2015-12-09	Common Stock	S	2700	$12.50	Disposed	54300	Direct
2015-12-09	Common Stock	M	2700	$4.42	Acquired	57000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-10	Stock Options (Right to Buy)	$5.46	M	3550	Disposed	2022-12-07	Common Stock (3550)	Direct
2015-12-10	Stock Options (Right to Buy)	$6.71	M	4315	Disposed	2020-12-10	Common Stock (4315)	Direct
2015-12-10	Stock Options (Right to Buy)	$4.42	M	3550	Disposed	2019-12-21	Common Stock (3550)	Direct
2015-12-09	Stock Options (Right to Buy)	$4.42	M	2700	Disposed	2019-12-21	Common Stock (2700)	Direct

Footnotes

F1: Net proceeds of sale to offset a tax liability from restricted stock vesting and to fund children's education.

F2: This transaction was executed in multiple trades. The price reported above reflects the weighted average sale price. The reporting person 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.

F3: The stock options vest 25% over 4 years on the anniversary date of the grant.