PHOTRONICS INC

Ticker: PLAB CUSIP: 719405102 Class: Common Stock

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 19,677 Value ($000) $245 Avg Close $10.75 Range $9.07 - $13.05

Q3 2015

Shares 23,021 Value ($000) $209 Avg Close $8.78 Range $7.68 - $9.67

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	19,677	$245	$10.75	$9.07 - $13.05
Q3 2015	23,021	$209	$8.78	$7.68 - $9.67