SEC Form 4 · accession 0001140361-16-089136
PHOTRONICS INC · PLAB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richelle E Burr
Officer — VP, General Counsel & Secy
Period of report
Dec 6, 2016
Accepted (ET)
Dec 8, 2016 · 5:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000810136
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 6, 2016 | M | 10,275 | $5.46 | A | 43,884 | D | |
| Common StockF1,F2,F3 | Dec 6, 2016 | S | 10,275 | $10.1963 | D | 33,609 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F4 | $5.46 | Dec 6, 2016 | M | 10,275 | A | — | Dec 7, 2022 | Common Stock | 10,275 | 5,625 | D |
Explanation of responses
- F1Net proceeds of sale to offset a tax liability from restricted stock vesting
- F2The sales reported on this form 4 were affected pursuant to a 10b5-1 trading plan adopted by Richelle Burr.
- F3This 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.
- F4The stock options vest 25% over 4 years on the anniversary date of the grant.