PHOTRONICS INC — Director's Dealing 2021

May 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHOTRONICS INC (PLAB)
CIK: 0000810136
Period of Report: 2021-05-21

Reporting Person: KIRLIN PETER S (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-21	COMMON STOCK	M	3389	$8.23	Acquired	403013	Direct
2021-05-21	COMMON STOCK	S	3389	$13.519	Disposed	399624	Direct
2021-05-21	COMMON STOCK	M	5736	$8.23	Acquired	405360	Direct
2021-05-21	COMMON STOCK	S	5736	$13.514	Disposed	399624	Direct
2021-05-24	COMMON STOCK	M	7900	$8.23	Acquired	407524	Direct
2021-05-24	COMMON STOCK	S	7900	$13.528	Disposed	399624	Direct
2021-05-24	COMMON STOCK	M	27975	$8.23	Acquired	427599	Direct
2021-05-24	COMMON STOCK	S	27975	$13.532	Disposed	399624	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-21	Stock Options (Right to Buy)	$8.23	M	3389	Disposed	2024-12-19	COMMON STOCK (3389)	Direct
2021-05-21	Non-Qualified Stock Options	$8.23	M	5736	Disposed	2024-12-19	COMMON STOCK (5736)	Direct
2021-05-24	Stock Options (Right to Buy)	$8.23	M	7900	Disposed	2024-12-19	COMMON STOCK (7900)	Direct
2021-05-24	Non-Qualified Stock Options	$8.23	M	27975	Disposed	2024-12-19	COMMON STOCK (27975)	Direct

Footnotes

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

F2: 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.

F3: Net proceeds of sale to offset a tax liability from restricted stock vesting and to fund children's education.