NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2006

Nov 7, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAPCO SECURITY SYSTEMS INC (NSSC)
CIK: 0000069633
Period of Report: 2006-11-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-06	NAPCO Security Systems, Inc. Common Stock	M	135000	$1.1814	Acquired	5997660	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-06	NAPCO Security Systems, Inc. Employee Stock Options	$1.1814	M	135000	Disposed	2006-12-03	NAPCO Security Systems, Inc. Common Stock (0)	Direct

Footnotes

F1: Adjusted for four stock splits as follows: 2:1 - April 2004, 20% - November 2004,
3:2 - November 2005 and 3:2 - May 2006 .

F2: Exercisable, cumulatively, at 20% per year commencing 12/3/2001.