SEC Form 4 · accession 0001206774-15-003741
PHOTRONICS INC · PLAB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A Fiorita Jr.
Director
Period of report
Dec 8, 2015
Accepted (ET)
Dec 10, 2015 · 4:22 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 | Dec 8, 2015 | M | 20,000 | $4.42 | A | 157,100 | D | |
| Common StockF1 | Dec 8, 2015 | S | 20,000 | $12.49 | D | 137,100 | D | |
| Common StockF2 | holding | — | — | — | 300 | 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)F3 | $4.42 | Dec 8, 2015 | M | 20,000 | D | — | Dec 21, 2019 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1This 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.
- F2Mr. Fiorita disclaims beneficial ownership of these shares.
- F3The stock options vest 25% over 4 years on the anniversary date of the grant.