PHOTRONICS INC — Director's Dealing 2022

Feb 25, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHOTRONICS INC (PLAB)
CIK: 0000810136
Period of Report: 2022-02-23

Reporting Person: KIRLIN PETER S (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-26	Common Stock	A	2332	$9.112	Acquired	453571	Direct
2022-02-23	Common Stock	M	300	$12.13	Acquired	453871	Direct
2022-02-23	Common Stock	S	300	$20.138	Disposed	453571	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-23	Non-Qualified Stock Options	$12.13	M	300	Disposed	2026-01-04	Common Stock (300)	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. Closing Price on purchase date is $10.72 less 15% for a purchase price of $9.112..

F3: The sale reported on this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by Dr. Kirlin.

F4: Net proceeds of sale to fund children's education.

F5: 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.