NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2013

Sep 23, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK: 0000069633
Period of Report: 2013-09-16

Reporting Person: CARRIERI MICHAEL (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-09-16	NAPCO Security Technologies, Inc.	F	9000	$5.7	Disposed	98500	Direct
2013-09-16	NAPCO Security Technologies, Inc.	M	27000	$1.9	Acquired	125500	Direct
2013-09-23	NAPCO Security Technologies, Inc.	S	5000	$5.1252	Disposed	120500	Direct
2013-09-23	NAPCO Security Technologies, Inc.	S	2500	$5.1128	Disposed	118000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-09-16	NAPCO Security Technologies, Inc. Employee Stock Options	$1.9	M	27000	Acquired	2014-03-19	NAPCO Security Technologies, Inc. (0)	Direct

Footnotes

F1: Mr. Carrieri exercised 27,000 Incentive Stock Options that were set to expire on March 19, 2014. Mr. Carrieri exchanged 9,000 shares of NAPCO stock that he presently owned, as payment for the exercise of the aforementioned 27,000 stock options. In addition, Mr. Carrieri plans to sell 12,000 shares of NAPCO stock that he presently owns, approximately 7,000 of which will be used to cover the anticipated tax liability associated with the stock option exercise. As of this FORM 4 filing, Mr. Carrieri sold 7,500 of the planned 12,000 shares. The end result of these transactions is that Mr. Carrieri owns an additional 10,500 shares or total shares of 118,000.

F2: Stock Options were awarded on March 19, 2004 and were exerciseable at 20% per year commencing on March 19, 2004. These Stock Options have a 10 year life and were due to expire on March 19, 2014.