NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2020

Feb 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK: 0000069633
Period of Report: 2020-02-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-13	Common Stock	S	21500	$23.53	Disposed	259290	Direct
2020-02-13	Common Stock	M	1000	$8.75	Acquired	260290	Direct
2020-02-13	Common Stock	F	373	$23.45	Disposed	259917	Direct
2020-02-13	Common Stock	M	1600	$14.69	Acquired	261517	Direct
2020-02-13	Common Stock	F	1002	$23.45	Disposed	260515	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-12	Employee Stock Options (Right to Buy)	$23.35	A	10000	Acquired	2030-02-12	Common Stock (10000)	Direct
2020-02-13	Employee Stock Options (Right to Buy)	$8.75	M	1000	Disposed	2027-12-15	Common Stock (1000)	Direct
2020-02-13	Employee Stock Options (Right to Buy)	$14.69	M	1600	Disposed	2028-10-02	Common Stock (1600)	Direct

Footnotes

F1: Mr. Buchel exercised 2,600 Incentive Stock Options as part of a cashless exercise whereby 1,375 shares were exchanged as payment for such options, netting an increase of 1,225 shares. In addition, Mr. Buchel sold 21,500 shares of NAPCO stock that he presently owned and a portion of the proceeds will be used to cover federal and state income taxes.

F2: Exercisable, cumulatively, at 20% per year commencing February 12, 2020.