SEC Form 4 · accession 0001140361-17-000898
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
Jan 5, 2017
Accepted (ET)
Jan 5, 2017 · 9:33 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 Stock | Jan 5, 2017 | A | 15,000 | $0.00 | A | 48,609 | D | |
| Common StockF2 | Jul 28, 2016 | J | 1,568 | $8.13 | A | 50,177 | 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)F3 | $11.35 | Jan 3, 2017 | A | 15,000 | A | — | Jan 3, 2027 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Represents 1,568 shares of Photronics, Inc. common stock purchased under the Company's Employee Stock Purchase Plan.
- F2The 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.
- F3The stock options vest 25% over 4 years on the anniversary date of the grant.