SEC Form 4 · accession 0001140361-17-000909
PHOTRONICS INC · PLAB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Constantine S Macricostas
Officer — Executive Chairman · Director
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 9:48 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 3, 2017 | A | 12,500 | $0.00 | A | 473,747 | D | |
| Common StockF2 | Jul 28, 2016 | J | 2,521 | $8.13 | A | 476,268 | D | |
| Common Stock | Mar 2, 2016 | G | 5,500 | $9.98 | D | 470,768 | D | |
| Common StockF3 | holding | — | — | — | 34,568 | I | Owned By Wife |
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 | $11.35 | Jan 3, 2017 | A | 40,000 | A | — | Jan 3, 2027 | Common Stock | 40,000 | 40,000 | 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.
- F3Mr. Macricostas disclaims beneficial ownership of these shares.
- F4The stock options vest semi-annually over a four year period