Filing Details

Accession Number:
0001021771-24-000070
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-03-12 16:36:31
Reporting Period:
2024-03-08
Accepted Time:
2024-03-12 16:36:31
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
1254037 Richard Soloway 333 Bayview Avenue
Amityville NY 11701
Pres, Ceo, Chairman, Secy No No 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
Common Stock Disposition 2024-03-08 2,000,000 $40.75 1,706,010 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option (Right to Buy) $22.50 2031-10-19 100,000 100,000 Direct
Common Stock Employee Stock Option (Right to Buy) $26.94 2032-08-25 10,000 10,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2031-10-19 100,000 100,000 Direct
2032-08-25 10,000 10,000 Direct
Footnotes
  1. Pursuant to a Registration Statement on Form S-3 that became effective on March 5, 2024 and an underwriting agreement dated March 5, 2024, Mr. Soloway sold 2,000,000 shares of common stock of the Issuer in an underwritten secondary public offering. The shares were sold at a public offering price of $40.75 per share and Mr. Soloway paid an underwriting discount and commission of $1.01875 per share, resulting in a net price of $39.73125 per share. Mr. Soloway also granted the underwriters a 30-day option to purchase 300,000 additional shares of common stock at the same price and at the same underwriting discount and commission.
  2. Exercisable, cumulatively, at 20% per year commencing October 19, 2021.
  3. Exercisable, cumulatively, at 20% per year commencing August 25, 2022.