PHOTRONICS INC — Director's Dealing 2017

Jan 6, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHOTRONICS INC (PLAB)
CIK: 0000810136
Period of Report: 2017-01-03

Reporting Person: MACRICOSTAS CONSTANTINE S (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-03	Common Stock	A	12500	—	Acquired	473747	Direct
2016-07-28	Common Stock	J	2521	$8.13	Acquired	476268	Direct
2016-03-02	Common Stock	G	5500	$9.98	Disposed	470768	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-03	Stock Options (Right to Buy)	$11.35	A	40000	Acquired	2027-01-03	Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	34568	Indirect

Footnotes

F1: Represents 1,568 shares of Photronics, Inc. common stock purchased under the Company's Employee Stock Purchase Plan.

F2: The purchase price of the shares pursuant to the Employee Stock Purchase Plan is 85% of the fair market value (the "Closing Price") of the common stock of the Company on the purchase date of the applicable purchase period as defined in the offering plan documents.

F3: Mr. Macricostas disclaims beneficial ownership of these shares.

F4: The stock options vest semi-annually over a four year period