SEC Form 4 · accession 0001206774-16-004201
PHOTRONICS INC · PLAB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter S Kirlin
Officer — Chief Executive Officer
Period of report
Jan 20, 2016
Accepted (ET)
Jan 22, 2016 · 4:18 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,F3 | Jan 20, 2016 | S | 7,687 | $11.56 | D | 93,812 | D | |
| Common Stock | Jan 20, 2016 | M | 20,000 | $4.42 | A | 101,499 | 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)F4 | $4.42 | Jan 20, 2016 | M | 20,000 | D | — | Dec 21, 2019 | Common Stock | 20,000 | 15,000 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by Mr. Kirlin.
- F2Net proceeds of sale to offset the cost of the exercise.
- 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.
- F4The stock options vest 25% over 4 years on the anniversary date of the grant.