NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2013

Sep 18, 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: SOLOWAY RICHARD (Director, President and Secretary, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-09-16	NAPCO Security Technologies, Inc.	F	49524	$5.7	Disposed	6122658	Direct
2013-09-16	NAPCO Security Technologies, Inc.	M	135000	$2.091	Acquired	6257658	Direct
2013-09-16	NAPCO Security Technologies, Inc.	D	50000	$5.7	Disposed	6207658	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-09-16	NAPCO Security Systems, Inc. Employee Stock Options	$2.091	M	135000	Disposed	2014-03-19	NAPCO Security Technologies, Inc. (0)	Direct

Footnotes

F1: Mr. Soloway exercised 135,000 stock options, which were set to expire on March 19, 2014. Mr. Soloway exchanged 49,524 shares of NAPCO stock he presently owned, as payment for the exercise of the aforementioned 135,000 stock options. In addition, Mr. Soloway sold 50,000 shares of NAPCO stock that he just received from the stock option exercise, back to the Company, whose proceeds will be used to cover the anticipated tax liability associated with the stock option exercise. The end result of these transactions is Mr. Soloway owns 35,476 additional shares or total shares of 6,207,658.

F2: Stock Options were awarded on March 19, 2004 and were exercisable 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.