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Filing Details

Accession Number:: 0001099409-11-000017
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-04-05 14:31:55
Reporting Period:: 2011-04-04

Filing Date:: 2011-04-05
Accepted Time:: 2011-04-05 14:31:55
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
810136	Photronics Inc	PLAB	Semiconductors & Related Devices (3674)	060854886

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1106191	Gmt Capital Corp	Gmt Capital Corp 2100 Riveredge Parkway Suite 840 Atlanta GA 30328		No	No	No	Yes

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2011-04-04	136,100	$8.83	5,363,500	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

This Form 4 is being jointly filed by Bay Resource Partners, L.P., a Delaware limited partnership ("Bay"), Bay II Resource Partners, L.P., a Delaware limited partnership ("Bay II"), Bay Resource Partners Offshore Master Fund, L.P., an exempted limited partnership organized under the laws of the Cayman Islands ("Offshore Fund"), GMT Capital Corp., a Georgia corporation ("GMT Capital"), and Thomas E. Claugus, a United States citizen ("Claugus"). The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.
GMT Capital, the general partner of Bay and Bay II, has the power to direct the affairs of Bay and Bay II, including the voting and disposition of shares. As the discretionary investment manager of the Offshore Fund and certain other accounts, GMT Capital has power to direct the voting and disposition of shares held by the Offshore Fund and such accounts. Mr. Claugus is the President of GMT Capital and in that capacity directs the operations of each of Bay and Bay II and the voting and disposition of shares held by the Offshore Fund and separate client accounts managed by GMT Capital. GMT Capital and Mr. Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Mr. Claugus disclaims such beneficial ownership except to the extent ultimately realized.
The aggregate number of shares of common stock sold was 136,100 shares and such shares were sold by the Reporting Persons in the following amounts: Bay = 32,100 shares; Bay II = 34,400 shares; Offshore Fund = 60,000 shares; GMT Capital = 5,000 shares; Claugus = 4,600 shares.
5,363,500 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: Bay = 1,263,400 shares directly owned by it; Bay II = 1,356,300 shares directly owned by it; Offshore Fund = 2,364,800 shares directly owned by it; GMT Capital = 195,700 shares of common stock beneficially owned by it with respect to separate client accounts managed by it; Claugus = 183,300 shares directly owned by him.