NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2005

Mar 3, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAPCO SECURITY SYSTEMS INC (NSSC)
CIK: 0000069633
Period of Report: 2005-03-01

Reporting Person: SOLOWAY RICHARD (Director, President and Secretary, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-01	NAPCO Security Systems Inc. Common Stock	M	60000	$1.892	Acquired	2541182	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-01	NAPCO Security Systems Inc. Employee Stock Options	$1.892	M	60000	Disposed	2005-09-27	NAPCO Security Systems Inc. Common Stock (60000)	Direct

Footnotes

F1: Exercisable, cumulatively, at 20% per year commencing 9/27/2000.