SEC Form 4 · accession 0001140361-19-000434
PHOTRONICS INC · PLAB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter S Kirlin
Officer — Chief Executive Officer · Director
Period of report
Jan 2, 2019
Accepted (ET)
Jan 4, 2019 · 7:21 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 | Jul 26, 2018 | J | 2,857 | $7.44 | A | 205,352 | D | |
| Common StockF3 | Jan 2, 2019 | A | 75,000 | $0.00 | A | 280,352 | D | |
| Common StockF4,F5,F6 | Jan 3, 2019 | S | 11,024 | $9.46 | D | 269,328 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 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.
- F325% of the restricted stock awards granted will vest on each anniversary date of the grant over 4 years.
- F4The sale reported on this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by Mr. Kirlin.
- F5Net proceeds of sale to offset a tax liability from restricted stock vesting.
- F6This 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.