NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2004

Apr 15, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAPCO SECURITY SYSTEMS INC (NSSC)
CIK: 0000069633
Period of Report: 2004-04-15

Reporting Person: BLAUSKIN RANDY B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-15	NAPCO SECURITY SYSTEMS INC COMMON STOCK	M	32000	$2.0625	Acquired	32000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-15	NAPCO SECURITY SYSTEMS INC. EMPLOYEE STOCK OPTIONS	$2.0625	M	32000	Disposed	2005-09-27	NAPCO SECURITY SYSTEMS INC COMMON STOCK (0)	Direct

Footnotes

F1: AN OPTION TO PURCHASE 20,000 SHARES WAS ISSUED ON 9/27/00 AT $4.125 PER SHARE.
DUE TO A STOCK SPLIT THE NUMBER OF SHARES WERE INCREASED TO 40,000
AND THE EXERCISE PRICE WAS ADJUSTED TO $2.0625. ON APRIL 15, 2004,
32,000 SHARES (POST SPLIT) WERE PURCHASED.

F2: OPTION TO PURCHASE STOCK IS EXERCISABLE, CUMULATIVELY, AT 20% PER YEAR COMMENCING 9/27/00.