PHOTRONICS INC — Director's Dealing 2019

Jan 5, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHOTRONICS INC (PLAB)
CIK: 0000810136
Period of Report: 2019-01-02

Reporting Person: KIRLIN PETER S (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-26	Common Stock	J	2857	$7.44	Acquired	205352	Direct
2019-01-02	Common Stock	A	75000	—	Acquired	280352	Direct
2019-01-03	Common Stock	S	11024	$9.46	Disposed	269328	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: 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: 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.