NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2006

Oct 26, 2006

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: NAPCO SECURITY SYSTEMS INC (NSSC)
CIK: 0000069633
Period of Report: 2006-06-30

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-15	NAPCO Security Systems, Inc. Employee Stock Options	$5.2266	A	56250	Acquired	2015-03-15	NAPCO Security Systems, Inc. Common Stock (56250)	Direct
2006-03-24	NAPCO Security Systems, Inc. Employee Stock Options	$11.16	A	37500	Acquired	2016-03-24	NAPCO Security Systems, Inc. Common Stock (37500)	Direct

Footnotes

F1: Adjusted for two stock splits (3:2) from November, 2005 and May 2006.

F2: Exercisable, cumulatively, at 20% per year commencing 3/15/05.

F3: Adjusted for stock split (3:2) from May 2006.

F4: Exercisable, cumulatively, at 20% per year commencing 3/24/06.