Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SMITH SEAN T
   2. Issuer Name and Ticker or Trading Symbol
PHOTRONICS INC [PLAB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President & CFO
(Last)
(First)
(Middle)
15 SECOR ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
02/24/2009
(Street)

BROOKFIELD, CT 06804		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/24/2010 02/24/2010 X   16,250 A $ 0.76 74,401 D  
Common Stock 02/24/2010 02/24/2010 S   500 D $ 4.43 73,901 D  
Common Stock 02/24/2010 02/24/2010 S   1,000 D $ 4.45 72,901 D  
Common Stock 02/24/2010 02/24/2010 S   668 D $ 4.4515 72,233 D  
Common Stock 02/24/2010 02/24/2010 S   900 D $ 4.4617 71,333 D  
Common Stock 02/24/2010 02/24/2010 S   100 D $ 4.465 71,233 D  
Common Stock 02/24/2010 02/24/2010 S   1,000 D $ 4.469 70,233 D  
Common Stock 02/24/2010 02/24/2010 S   700 D $ 4.47 69,533 D  
Common Stock 02/24/2010 02/24/2010 S   200 D $ 4.4775 69,333 D  
Common Stock 02/24/2010 02/24/2010 S   300 D $ 4.4783 69,033 D  
Common Stock 02/24/2010 02/24/2010 S   800 D $ 4.4787 68,233 D  
Common Stock 02/24/2010 02/24/2010 S   1,800 D $ 4.4784 66,433 D  
Common Stock 02/24/2010 02/24/2010 S   500 D $ 4.482 65,933 D  
Common Stock 02/24/2010 02/24/2010 S   100 D $ 4.482 65,833 D  
Common Stock 02/24/2010 02/24/2010 S   200 D $ 4.4925 65,633 D  
Common Stock 02/24/2010 02/24/2010 S   500 D $ 4.499 65,133 D  
Common Stock 02/24/2010 02/24/2010 S   700 D $ 4.5121 64,433 D  
Common Stock 02/24/2010 02/24/2010 S   800 D $ 4.52 63,633 D  
Common Stock 02/24/2010 02/24/2010 S   100 D $ 4.523 63,533 D  
Common Stock 02/24/2010 02/24/2010 S   200 D $ 4.525 63,333 D  
Common Stock 02/24/2010 02/24/2010 S   500 D $ 4.54 62,833 D  
Common Stock 02/24/2010 02/24/2010 S   900 D $ 4.5483 61,933 D  
Common Stock 02/24/2010 02/24/2010 S   2,500 D $ 4.56 59,433 D  
Common Stock 02/24/2010 02/24/2010 S   500 D $ 4.565 58,933 D  
Common Stock 02/24/2010 02/24/2010 S   782 D $ 4.57 58,151 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $ 0.76 02/24/2010 02/24/2010 X     16,250 11/10/2009 11/10/2018 Common Stock 16,250 $ 0 48,750 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SMITH SEAN T
15 SECOR ROAD
BROOKFIELD, CT 06804		       Senior Vice President & CFO  

Signatures

 /s/ Nicholas N. Colonese, Attorney-in-Fact for Mr. Smith   02/24/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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