Filing Details

Accession Number:
0001253873-13-000001
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-09-18 16:50:46
Reporting Period:
2013-09-16
Filing Date:
2013-09-18
Accepted Time:
2013-09-18 16:50:46
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
69633 Napco Security Technologies Inc NSSC Communications Equipment, Nec (3669) 112277818
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1253873 S Kevin Buchel 333 Bayview Ave
Amityville NY 11701
Senior Vice President Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Napco Security Technologies, Inc. Disposition 2013-09-16 9,000 $5.70 272,876 No 4 F Direct
Napco Security Technologies, Inc. Acquisiton 2013-09-16 27,000 $1.90 299,876 No 4 M Direct
Napco Security Technologies, Inc. Disposition 2013-09-18 2,958 $5.46 296,918 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 F Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Napco Security Technologies, Inc. NAPCO Security Systems, Inc. Employee Stock Options Disposition 2013-09-16 27,000 $1.90 0 $1.90
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2004-03-19 2014-03-19 No 4 M Direct
Footnotes
  1. Mr. Buchel exercised 27,000 Incentive Stock Options that were set to expire on March 19, 2014. Mr. Buchel exchanged 9,000 shares of NAPCO stock that he presently owned, as payment for the exercise of the aforementioned 27,000 stock options. In addition, Mr. Buchel plans to sell 10,000 shares of NAPCO stock that he presently owns, approximately 7,000 of which will be used to cover the anticipated tax liability associated with the stock option exercise. As of this Form 4 filing, Mr. Buchel sold 2,958 shares of the planned sale of 10,000 shares. The end result of these transactions is Mr. Buchel owns an additional 15,042 shares or total shares of 296,918.
  2. Stock Options were awarded on March 19, 2004 and were exercisable at 20% per year commencing on March 19, 2004. These stock options have a 10 year life and were due to expire on March 19, 2014.