NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2005

Jan 4, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAPCO SECURITY SYSTEMS INC (NSSC)
CIK: 0000069633
Period of Report: 2005-01-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-04	NAPCO Security Systems, Inc.	M	12000	$1.2762	Acquired	108970	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-04	NAPCO Security Systems, Inc Employee Stock Options	$1.2762	M	12000	Disposed	2005-03-01	NAPCO Security Systems, Inc. Common Stock (0)	Direct

Footnotes

F1: Exercisable, cumulatively, commencing 3/1/2000, at 20% per year.

F2: Price adjusted to reflect 2:1 stock split in April 2004 as well as 20% stock dividend in November 2004.