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: BUCHEL KEVIN S (Director, 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	272876	Direct
2013-09-16	NAPCO Security Technologies, Inc.	M	27000	$1.9	Acquired	299876	Direct
2013-09-18	NAPCO Security Technologies, Inc.	S	2958	$5.455	Disposed	296918	Direct

Derivative Transactions

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

Footnotes

F1: Mr. Buchel exercised 27,000 Incentive Stock Options that were set to expire on March 19, 2014. Mr. Buchel 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. Buchel plans to sell 10,000 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. Buchel sold 2,958 shares of the planned sale of 10,000 shares. The end result of these transactions is Mr. Buchel owns an additional 15,042 shares or total shares of 296,918.

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.