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PHOTRONICS INC — Director's Dealing 2022
Jan 6, 2022
32000_dirs_2022-01-04_c4eedbae-db91-41ca-8014-9014bc700e9a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PHOTRONICS INC (PLAB)
CIK: 0000810136
Period of Report: 2021-12-30
Reporting Person: KIRLIN PETER S (Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-12-30 | Common Stock | M | 300 | $11.35 | Acquired | 399924 | Direct |
| 2021-12-30 | Common Stock | S | 300 | $19.358 | Disposed | 399624 | Direct |
| 2021-12-30 | Common Stock | M | 2434 | $11.35 | Acquired | 402058 | Direct |
| 2021-12-30 | Common Stock | S | 2434 | $19.354 | Disposed | 399624 | Direct |
| 2022-01-03 | Common Stock | M | 3750 | $8.6 | Acquired | 403374 | Direct |
| 2022-01-03 | Common Stock | S | 3750 | $18.98 | Disposed | 399624 | Direct |
| 2022-01-03 | Common Stock | F | 8689 | $18.85 | Disposed | 390935 | Direct |
| 2022-01-03 | Common Stock | F | 9848 | $19.28 | Disposed | 381087 | Direct |
| 2022-01-03 | Common Stock | F | 9848 | $18.85 | Disposed | 371239 | Direct |
| 2022-01-03 | Common Stock | A | 90000 | — | Acquired | 461239 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-12-30 | Stock Options (Right to Buy) | $11.35 | M | 300 | Disposed | 2027-01-03 | Common Stock (300) | Direct |
| 2021-12-30 | Non-Qualified Stock Options | $11.35 | M | 2434 | Disposed | 2027-01-03 | Common Stock (2434) | Direct |
| 2022-01-03 | Stock Options (Right to Buy) | $8.6 | M | 3750 | Disposed | 2028-01-02 | Common Stock (3750) | 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.
F4: Shares withheld to meet tax liabilities associated with Restricted Stock Awards granted on January 2, 2019.
F5: Shares withheld to meet tax liabilities associated with Restricted Stock Awards granted on January 3, 2020.
F6: Shares withheld to meet tax liabilities associated with Restricted Stock Awards granted on January 2, 2021.
F7: 25% of the Restricted Stock Awards granted will vest on each anniversary date of the grant over 4 years.