PHOTRONICS INC — Director's Dealing 2018

Jan 5, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHOTRONICS INC (PLAB)
CIK: 0000810136
Period of Report: 2018-01-02

Reporting Person: KIRLIN PETER S (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-27	Common Stock	J	3797	$7.57	Acquired	147495	Direct
2018-01-02	Common Stock	A	60000	—	Acquired	207495	Direct
2018-01-03	Common Stock	S	2500	$8.6	Disposed	204995	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-02	Stock Options (Right to Buy)	$8.6	A	15000	Acquired	2028-01-02	Common Stock (15000)	Direct

Footnotes

F1: Represents 3,797 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: 25% of the restricted stock awards granted will vest on each anniversary date of the grant over 4 years.

F4: The sale reported on this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by Mr. Kirlin.

F5: Net proceeds of sale to offset a tax liability from restricted stock vesting

F6: 25% of the stock options granted will vest on each anniversary date of the grant over 4 years.