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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13D-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(A) (AMENDMENT NO. 4) /1/ PHOTRONICS, INC. (Name of Issuer) COMMON STOCK par value $.01 per share ------------------------------------- (Title of Class of Securities) 719 405102 -------------------- (CUSIP Number) Nicholas C. Unkovic, Esq. GRAHAM & JAMES One Maritime Plaza San Francisco, CA 94111 (415) 954-0200 ________________ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 26, 1999 (Date of Event Which Requires filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of Rule 13d-1(b)(3) or (4), check the following box [_]. Note. Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. _____________________________ /1./ The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1 CUSIP NO. 719 405102 ------------ - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 Toppan Printing Co., Ltd - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Japan - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 2,180,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 0 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 2,180,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 2,180,000 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,180,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.17% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 CO - ------------------------------------------------------------------------------ 2 This Amendment No. 4 (the "Amendment") corrects Amendment 3 to a statement on Schedule 13D dated September 30, 1993, filed by Toppan Printing Co., Ltd., a Japanese corporation ("Toppan") relating to shares of Common Stock, $0.01 par value per share (the "Stock") of Photronics, Inc., a Connecticut corporation (the "Issuer"). Item 1. Security and Issuer ------------------- The title of the class of equity securities to which this statement relates is Common Stock, $.01 par value per share, of the Issuer. The Issuer and the address of its principal executive offices are: Photronics, Inc. P.O. Box 5226 15 Secor Road Brookfield, Connecticut 06804 Item 2. Identity and Background ----------------------- (a)-(c) and (f) Toppan is a corporation organized and existing under the laws of Japan. The principal business address of Toppan is 1 Kanda Izumi-cho, Chiyoda-ku, Tokyo 101, Japan. Toppan is engaged in numerous aspects of the printing industry, including the development, manufacture and marketing of photomask printing operations. Set forth below is information concerning the name, business address, and present principal occupation or employment of all of the present executive officers and directors of Toppan. Each such person is a Japanese citizen. 3 Present Principal Occupation Name and Business Address or Employment - --------------------------------------------- --------------------------------- Hiromichi Fujita President 1, Kanda Izumi-cho, Chiyoda-ku Tokyo 101-0024, Japan Kenji Ejima Executive Vice President 1, Kanda Izumi-cho, Chiyoda-ku Tokyo 101,-0024, Japan Naoki Adachi Executive Vice President 1, Kanda Izumi-cho, Chiyoda-ku Tokyo 101-0024, Japan Shinpei Hasegawa Senior Managing Director 11-1, Shimura 1-chome General Mgr./Info. & Publns. Div. Itabashi-ku, Tokyo 174-8558, Japan Hiroshi Kidokoro Sr. Managing Director 22-61, Ebie 3-chome Kansai Rep. Fukushima-ku, Oosaka-shi Oosaka, 553-0001 Japan Mikio Nakano Senior Managing Director, Acropolis Tokyo Building General Manager of Packaging Div. 6-29, Shin Ogawa-machi Shinjuku-ku, Tokyo 162-8531, Japan Tsuneyasu Kuromitsu Senior Managing Director, 1, Kanda Isumi-cho, Chiyoda-ku Gen. Mgr. of Human Resources Tokyo 101-0024, Japan Management Div. Tadao Masuda Senior Managing Director, 2-7, Yaesu 2-chome Gen. Mgr. Of Electronics Div. Chuo-ku, Tokyo 104-0028, Japan Masaharu Mitani Managing Director, 19 Nominami-cho, Nishi-ku Gen. Mgr. Of Chubu Area Nagoya-shi, Aichi 452-8571 4 Tohru Shimabukuro Managing Director, 1, Kanda Izumi-cho, Chiyoda-ku Gen. Mgr. Of Mfg., Tech & Tokyo 101-0024, Japan Research Div. Tetsuro Minami Managing Director, 1, Kanda Izumi-cho, Chiyoda-ku Gen. Mgr. Of International Div. Tokyo 101-0024, Japan Masao Tsuchiya Managing Director, 1, Kanda Izumi-cho, Chiyoda-ku Gen. Mgr. Of Business Tokyo 101-0024, Japan Innovation Div. Katsuo Amemiya Managing Director, 11-1, Shimura 1-chome Vice Gen. Mgr. Of Info & Publns. Itabashi-ku, Div. Tokyo 174-8558, Japan Yukio Tagawa Managing Director, 2-7, Yaesu 2-chome Vice Gen. Mgr. Of Electronics Chuo-ku, Tokyo 104-0028, Japan Div. Yukio Oba Managing Director 5-1, Taito 1-chome Gen. Mgr. Of TIC Business Taito-ku, Tokyo 110-8560, Japan Promotion Div. Saburo Umeda Managing Director, 22-61, Ebie 3-chome Gen. Mgr. Of Kansai Area, Fukushima-ku, Oosaka-shi Packaging Div. Oosaka 553-0001, Japan Shuji Higashida Managing Director, 5-1, Taito 1-chome Gen. Mgr. Of Multimedia Div. Taito-ku, Tokyo 110-8560, Japan Koichi Miyazaki Managing Director, 17-28 Yakuin 1-chome, Chuo-ku Gen. Mgr. Of Nishi-Nippon Area Fukuoka-shi, Fukuoka 810-0022, Japan Sawako Noma Director, 2-12-21, Otowa, Bunkyo-ku President of Kodansha Ltd. Tokyo 112-0013, Japan Hiromicho Kono Director, 5-1, Taito 1-chome Gen. Mgr. Of Securities Taito-ku, Tokyo 110-8560, Japan Printing Div. 5 Tatsuo Yamamoto Director, 5-1, Taito 1-chome Gen. Mgr. Of Commercial Taito-ku, Tokyo 110-8560, Japan Printing Div. Takeshi Toyama Director, 1, Kanda Izumi-cho, Chiyoda-ku Gen. Mgr. Of Corp. Planning Div. Tokyo 101-0024, Japan Hiroshi Kukimoto Director, 4-2-1, Takanodai-minami Gen. Mgr. Of Tech. Resch. Inst. Sugito-cho, Kitakasushika-gun Saitama 345-8508, Japan Masayasu Ishida Director, 1, Kanda Izumi-cho, Chiyoda-ku Gen. Mgr. Of Legal Div. Tokyo 101-0024, Japan Akihiro Nagata Director, 1, Kanda Izumi-cho, Chiyoda-ku Gen. Mgr. Of Fin. & Acctg. Div. Tokyo 101-0024, Japan Yoshio Sakamura Director, 3-3, Akasi-Toori, Izumi-ku Gen. Mgr. Of Tohoku Area Sendai-sshi, Miyagi 981-2196, Japan Hideaki Kawai Director, 2-7, Taesu 2-chome Vice Gen. Mgr. Of Electronics Chuo-ku, Tokyo 104-0028 Japan Div. Takashi Owaki Director, 22-61, Ebie 3-chome Gen. Mgr. Of Kansai Area, Fukushima-ku, Oosaka-shi Commercial Printing Div. Oosaka 553-0001, Japan Yukio Natori Director, 1, Kanda Izumi-cho, Chiyoda-ku Gen. Mgr. Of Purchasing Div. Tokyo 101-0024, Japan Hiroshi Inoue Director, 17-28, Yakuin 1-chome, Chuo-ku Gen. Mgr. Of Kyuchuu Div., Fukuoka-shi, Fukuoka 810-0022, Japan Nishi-Nippon Area 6 Yoshiaki Tsuneda Director, Acropolis Tokyo Building General Manager of Tokyo Area, 6-29, Shin Ogawa-machi Packaging Div. Sinjuku-ku, Tokyo 162-8531, Japan Toshihiko Akiyama Director, 11-1, Shimura 1-chome Vice Gen. Mgr. Of Info. & Itabashi-ku, Tokyo 174-8558, Japan Publns. Div. Seisaku Okumura Standing Statutory Auditor 1, Kanda Izumi-cho, Chiyoda-ku Tokyo 101-0024, Japan Hideo Yuasa Standing Statutory Auditor 1, Kanda Izumi-cho, Chiyoda-ku Tokyo 101-0024, Japan Jiro Kawake Statutory Auditor, 1, Kanda Izumi-cho, Chiyoda-ku Advisor of Oji Paper Ltd. Tokyo 101-0024, Japan Kohken Tsuchiya Statutory Auditor 1, Kanda Izumi-cho, Chiyoda-ku Tokyo 101-0024, Japan (d)-(e) During the last five years, neither Toppan, nor any of the persons listed above, has been convicted in a criminal proceeding or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration. -------------------------------------------------- No change. Item 4. Purpose of Transaction. ---------------------- Toppan acquired the Issuer's Stock for investment purposes and to develop a relationship of mutual cooperation between Toppan and the Issuer. 7 Toppan sold 500,000 shares on 9/25/98, sold 250,000 shares on 12/22/98, and sold 250,000 shares on 3/26/99, for a total of (one million) 1,000,000 shares of the Stock back to the Issuer, as more fully described under Item 6 below. (a) - (j) Not applicable. Except as set forth above, Toppan has no present plans or intentions which would result in or relate to any of the transactions required to be described in subparagraphs (e) through (j) of Item 4 of Schedule 13D, although Toppan may, depending upon the factors set forth above, and other considerations, determine to pursue one or more such transactions. Item 5. Interest in Securities of the Issuer ------------------------------------ (a) - (b) Toppan owns 2,180,000 shares of Common Stock, $.01 par value per share of the Issuer, which constitutes approximately 9.17% of the issued and outstanding common stock of the Issuer. To the best knowledge of Toppan, none of the directors or executive officers of Toppan listed in Item 2 beneficially own any Common Stock of the Issuer. Toppan has sole power to vote and dispose of all 2,180,000 shares owned by it. (c) Description of any transactions in the class of securities reported on that were effected during the past sixty days or since the most recent filing on Schedule 13D: See Item 6 below. (d) - (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with ------------------------------------------------------------- Respect to Securities of the Issuer ----------------------------------- Pursuant to the Stock Purchase Agreement (the "Stock Purchase Agreement"), dated September 13, 1993, by and among the Issuer and Toppan, a copy of which was filed as an exhibit to the Schedule 13D filing for the Issuer dated September 30, 1993 [the "Original Schedule 13D"] (CUSIP No. 719 405102) and incorporated thereto by reference, Toppan was subject to certain "Standstill Provisions" and provisions restricting the sale of stock by Toppan. Such provisions terminated on Oct. 1, 1998. Toppan and the Issuer agreed upon a sale back to the Issuer of a total of 1,000,000 (one million) shares of the Stock held by Toppan. Pursuant to a letter agreement dated September 22, 1998, from the Issuer to Toppan (the 8 "Agreement"), the terms and schedule of this sale agreement have been consummated as follows: a) On September 25, 1998, under the Agreement, the Issuer purchased 500,000 shares at a price of $13.50 per share; b) On December 22, 1998, the Issuer purchased 250,000 shares at a price of $13.70 per share; c) On March 26, 1999, the Issuer purchased 250,000 shares at a price of $13.90 per share. d) All of the shares sold to the Issuer by Toppan have been delivered against payment free and clear of all liens, claims and encumbrances. Item 7. Material to be Filed as Exhibits -------------------------------- Letter from the Issuer to Toppan dated September 22, 1998 containing the terms of the Agreement. SIGNATURE --------- After reasonable inquiry and to the best of my knowledge and belief. I certify that the information set forth in this statement is true, complete and correct. Dated: April 14, 1999 TOPPAN PRINTING CO., LTD. By: /s/ Akihiro Nagata ------------------------------------------- Name: Akihiro Nagata ----------------------------------------- Title: Director, Finance & Accounting Division ---------------------------------------- 9