SEC Form 4 · accession 0001140361-17-037827
PHOTRONICS INC · PLAB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean T Smith
Officer — Consultant/ Former SVP & CFO
Period of report
Oct 4, 2017
Accepted (ET)
Oct 6, 2017 · 6:20 pm EDT
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 | Oct 4, 2017 | M | 18,750 | $5.46 | A | 159,108 | D | |
| COMMON STOCKF1 | Oct 4, 2017 | S | 18,750 | $9.19 | D | 140,358 | 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)F2,F3 | $5.46 | Oct 4, 2017 | M | 18,750 | A | — | Dec 7, 2022 | COMMON STOCK | 18,750 | 18,750 | D |
Explanation of responses
- F1The sale reported on this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by Mr. Smith.
- F2The stock options vested 25% over 4 years on the anniversary date of the grant.
- 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.