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: 2017-01-05

Reporting Person: Burr Richelle E (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-05	Common Stock	A	15000	—	Acquired	48609	Direct
2016-07-28	Common Stock	J	1568	$8.13	Acquired	50177	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	15000	Acquired	2027-01-03	Common Stock (15000)	Direct

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