PHOTRONICS INC — Director's Dealing 2019

Sep 9, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHOTRONICS INC (PLAB)
CIK: 0000810136
Period of Report: 2019-09-05

Reporting Person: KIRLIN PETER S (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-08	Common Stock	J	3225	$6.59	Acquired	271053	Direct
2019-09-05	Common Stock	M	20000	$6.71	Acquired	291053	Direct
2019-09-05	Common Stock	S	20000	$11	Disposed	271053	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-05	Non-qualified Stock Options	$6.71	M	20000	Disposed	2020-12-10	Common Stock (20000)	Direct

Footnotes

F1: Represents 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 sale reported on this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by Mr. Kirlin.