NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2004

Nov 17, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAPCO SECURITY SYSTEMS INC (NSSC)
CIK: 0000069633
Period of Report: 2004-11-15

Reporting Person: BUCHEL KEVIN S (Director, Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-15	NAPCO Security Systems, Inc.	S	1800	$11.71	Disposed	87002	Direct
2004-11-16	NAPCO Security Systems, Inc.	S	6000	$11.67	Disposed	81002	Direct
2004-11-17	NAPCO Security Systems, Inc.	S	1610	$11.66	Disposed	79392	Direct
2004-11-17	NAPCO Security Systems, Inc.	M	10000	$1.5315	Acquired	89392	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-17	NAPCO Security Systems, Inc. Employee Stock Options	$1.5315	M	10000	Disposed	2005-03-01	NAPCO Security Systems, Inc. Common Stock (0)	Direct

Footnotes

F1: Exercisable,cumulatively, commencing 3/1/00, at 20% per year.