Form 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

INITIAL STATEMENT OF 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(f) of the Investment Company Act of 1940

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^{1. Name and Address of Reporting
    Person*}

^{Cicchetti, Anthony N.}

2. Date of Event
    Requiring Statement
    (Month/Day/Year)

8/12/02

4. Issuer Name and Tickler or Trading Symbol

Photronics, Inc. (PLAB)

(Last)        (First)       (Middle)

1061 East Indiantown Road

3. I.R.S. Identification Number of
    Reporting Person, if an entity
    (voluntary)

5. Relationship of Reporting Person(s) to  Issuer
    (Check all applicable)

6. If Amendment, Date of
    Original (Month/Day/Year)

8/20/02

Director

10% Owner

(Street)

Jupiter, Florida 33477

 X

Officer (give title
below)

Other (specify
below)

7. Individual or Joint/Group Filing
    (Check Applicable Line)

Vice President, Secretary and General Counsel

X 

Form filed by One Reporting Person

(City)         (State)     (Zip)

Form filed by More than One Reporting Person

Table I ¾Non-Derivative Securities Beneficially Owned

1. Title of Security
    (Instr. 4)

2. Amount of Securities Beneficially Owned
    (Instr. 4)

3. Ownership Form: Direct (D) or Indirect (I)
    (Instr. 5)

4. Nature of Indirect Beneficial Ownership
    (Instr. 5)

No Non-Derivative Securities Owned

FORM 3 (continued)

Table II ¾Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1.Title of Derivative Security
   (Instr. 4)

2.Date Exer-
   cisable and
   Expiration
   Date
   (Month/Day/Year)

3. Title and Amount of Securities Underlying
    Derivative Security
    (Instr. 4)

4. Conver-
    sion or
    Exercise
    Price of
    Deri-
    vative
    Security

5. Owner-
    ship
    Form of
    Deriv-
    ative
    Securities:
    Direct
    (D) or
    Indirect
    (I)
    (Instr. 5)

6. Nature of Indirect
    Beneficial Ownership
    (Instr. 5)

Date
Exer-
cisable

Expira-
tion
Date

Title

Amount
or
Number
of
Shares

Stock Option (right to buy)

(1)

8/12/12

Common Stock

15,000

$10.54

(D)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

Explanation of Responses:

(1) The option becomes exercisable in four equal annual installments beginning on August 12, 2003.

/s/ Anthony N. Cicchetti

November 15, 2002

**Signature of Reporting Person

Date

*

If the form is filed by more than one reporting person, see Instruction 5(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).

Note:

File three copies of this Form, one of which must be manually signed. If space is insufficient,

SeeInstruction 6 for procedure.