NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2017

Mar 21, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK: 0000069633
Period of Report: 2017-03-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-17	Common Stock	S	5000	$10.65	Disposed	290168	Direct
2017-03-20	Common Stock	M	5000	$5.35	Acquired	295168	Direct
2017-03-20	Common Stock	F	2500	$10.7	Disposed	292668	Direct
2017-03-20	Common Stock	M	4000	$4.88	Acquired	296668	Direct
2017-03-20	Common Stock	F	1825	$10.7	Disposed	294843	Direct
2017-03-20	Common Stock	M	3000	$4.37	Acquired	297843	Direct
2017-03-20	Common Stock	F	1225	$10.7	Disposed	296618	Direct
2017-03-20	Common Stock	S	7868	$10.637	Disposed	288750	Direct
2017-03-21	Common Stock	S	400	$10.5	Disposed	288350	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-20	Employee Stock Options (Right to Buy)	$5.35	M	5000	Disposed	2017-10-09	Common Stock (5000)	Direct
2017-03-20	Employee Stock Options (Right to Buy)	$4.88	M	4000	Disposed	2023-09-19	Common Stock (5000)	Direct
2017-03-20	Employee Stock Options (Right to Buy)	$4.37	M	3000	Disposed	2024-10-20	Common Stock (5000)	Direct

Footnotes

F1: Mr. Buchel exercised 12,000 Incentive Stock Options as part of a cashless exercise whereby 5,550 shares were exchanged as payment for such options, netting an increase of 6,450 shares. In addition, Mr. Buchel sold 13,268 shares of NAPCO stock that he presently owned and a portion of the proceeds will be used to cover federal and state income taxes including those associated with the aforementioned exercise.