0001099409-11-000010.txt : 20110309 0001099409-11-000010.hdr.sgml : 20110309 20110309103008 ACCESSION NUMBER: 0001099409-11-000010 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110222 FILED AS OF DATE: 20110309 DATE AS OF CHANGE: 20110309 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PHOTRONICS INC CENTRAL INDEX KEY: 0000810136 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 060854886 STATE OF INCORPORATION: CT FISCAL YEAR END: 1031 BUSINESS ADDRESS: STREET 1: 15 SECOR ROAD STREET 2: PO BOX 5226 CITY: BROOKFIELD STATE: CT ZIP: 06804 BUSINESS PHONE: 2037759000 MAIL ADDRESS: STREET 1: 15 SECOR ROAD STREET 2: P O BOX 5226 CITY: BROOKFIELD STATE: CT ZIP: 06804 FORMER COMPANY: FORMER CONFORMED NAME: PHOTRONIC LABS INC DATE OF NAME CHANGE: 19900514 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GMT CAPITAL CORP CENTRAL INDEX KEY: 0001106191 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15451 FILM NUMBER: 11673914 BUSINESS ADDRESS: STREET 1: GMT CAPITAL CORP STREET 2: 2100 RIVEREDGE PARKWAY SUITE 840 CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: 7709898261 MAIL ADDRESS: STREET 1: GMT CAPITAL CORP STREET 2: 2100 RIVEREDGE PARKWAY SUITE 840 CITY: ATLANTA STATE: GA ZIP: 30328 4 1 primary_doc.xml PRIMARY DOCUMENT X0303 4 2011-02-22 0 0000810136 PHOTRONICS INC PLAB 0001106191 GMT CAPITAL CORP GMT CAPITAL CORP 2100 RIVEREDGE PARKWAY SUITE 840 ATLANTA GA 30328 0 0 1 0 Common Stock 2011-02-22 4 S 0 93509 8.89 D 5859691 D Common Stock 2011-02-23 4 S 0 42591 8.44 D 5817100 D Common Stock 2011-02-28 4 S 0 105656 9.05 D 5711444 D Common Stock 2011-03-01 4 S 0 30444 8.97 D 5681000 D Common Stock 2011-03-07 4 S 0 113400 9.46 D 5567600 D 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 93,509 shares and such shares were sold by the Reporting Persons in the following amounts: Bay = 22,100 shares; Bay II = 23,600 shares; Offshore Fund = 41,209 shares; GMT Capital = 3,400 shares; Claugus = 3,200 shares. 5,859,691 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: Bay = 1,380,300 shares directly owned by it; Bay II = 1,481,800 shares directly owned by it; Offshore Fund = 2,583,591 shares directly owned by it; GMT Capital = 213,900 shares of common stock beneficially owned by it with respect to separate client accounts managed by it; Claugus = 200,100 shares directly owned by him. The aggregate number of shares of common stock sold was 42,591 shares and such shares were sold by the Reporting Persons in the following amounts: Bay = 10,000 shares; Bay II = 10,800 shares; Offshore Fund = 18,791 shares; GMT Capital = 1,600 shares; Claugus = 1,400 shares. 5,817,100 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: Bay = 1,370,300 shares directly owned by it; Bay II = 1,471,000 shares directly owned by it; Offshore Fund = 2,564,800 shares directly owned by it; GMT Capital = 212,300 shares of common stock beneficially owned by it with respect to separate client accounts managed by it; Claugus = 198,700 shares directly owned by him. The aggregate number of shares of common stock sold was 105,656 shares and such shares were sold by the Reporting Persons in the following amounts: Bay = 24,900 shares; Bay II = 26,700 shares; Offshore Fund = 46,556 shares; GMT Capital = 3,900 shares; Claugus = 3,600 shares. 5,711,444 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: Bay = 1,345,400 shares directly owned by it; Bay II = 1,444,300 shares directly owned by it; Offshore Fund = 2,518,244 shares directly owned by it; GMT Capital = 208,400 shares of common stock beneficially owned by it with respect to separate client accounts managed by it; Claugus = 195,100 shares directly owned by him. The aggregate number of shares of common stock sold was 30,444 shares and such shares were sold by the Reporting Persons in the following amounts: Bay = 7,200 shares; Bay II = 7,700 shares; Offshore Fund = 13,444 shares; GMT Capital = 1,100 shares; Claugus = 1,000 shares. 5,681,000 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: Bay = 1,338,200 shares directly owned by it; Bay II = 1,436,600 shares directly owned by it; Offshore Fund = 2,504,800 shares directly owned by it; GMT Capital = 207,300 shares of common stock beneficially owned by it with respect to separate client accounts managed by it; Claugus = 194,100 shares directly owned by him. The aggregate number of shares of common stock sold was 113,400 shares and such shares were sold by the Reporting Persons in the following amounts: Bay = 26,700 shares; Bay II = 28,700 shares; Offshore Fund = 50,000 shares; GMT Capital = 4,100 shares; Claugus = 3,900 shares. 5,567,600 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: Bay = 1,311,500 shares directly owned by it; Bay II = 1,407,900 shares directly owned by it; Offshore Fund = 2,454,800 shares directly owned by it; GMT Capital = 203,200 shares of common stock beneficially owned by it with respect to separate client accounts managed by it; Claugus = 190,200 shares directly owned by him. Thomas E. Claugus 2011-03-09