NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2012

Sep 27, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK: 0000069633
Period of Report: 2012-09-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-09-25	NAPCO Security Technologies, Inc.	F	13807	$3.44	Disposed	264876	Direct
2012-09-25	NAPCO Security Technologies, Inc.	M	27000	$1.759	Acquired	291876	Direct
2012-09-25	NAPCO Security Technologies, Inc.	S	10000	$3.4289	Disposed	281876	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-09-25	NAPCO Security Systems, Inc. Employee Stock Options	$1.759	M	27000	Disposed	2012-12-20	NAPCO Security Technologies, Inc. (0)	Direct

Footnotes

F1: Mr. Buchel exercised 27,000 Incentive Stock Options that were set to expire on December 20, 2012. Mr. Buchel exchanged 13,807 shares of NAPCO stock he presently owned, as payment for the exercise of the aforementioned 27,000 stock options. In addition, Mr. Buchel sold 10,000 shares of NAPCO stock that he presently owned, approximately 7,000 of which were used to cover the associated taxes as a result of the stock option exercise. The end result of these transactions is Mr. Buchel owns 3,193 additional shares or total shares of 281,876.

F2: Stock Options were awarded on December 20, 2002 and were exercisable at 20% per year commencing on December 20, 2002. These stock options have a 10 year life and were due to expire on Decmber 20, 2012.