NAPCO SECURITY TECHNOLOGIES, INC — Major Shareholding Notification 2003

Jan 24, 2003

SC 13D 1 doc1.htm Schedule 13D

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )*

Napco Security System, Inc. (Name of Issuer)
Common Stock (Title of Class of Securities)
63030402105 (CUSIP Number)
Sandra Lifschitz 7 Tulane Drive Livingston, NJ 07039 973-535-1635 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
January 21, 2003 (Date of Event which Requires Filling of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1 (f) or 240.13d-1(g), check the following box. ( )

| Note:
Schedules filed in paper format shall include a signed original and five copies of the schedule,
including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent. |
| --- |
| * The remainder of this
cover page shall be filled out for a reporting person's initial filing on
this form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures provided
in a prior cover page. |
| The information required on the remainder of this cover
page shall not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes). |

SCHEDULE 13D
CUSIP No. 63030402105
1.	Names of Reporting Persons. Sandra Lifschitz I.R.S. Identification No.
2.	Check the Appropriate Box if a Member of a Group* (a.) ( ) (b.) ( )
3.	SEC USE ONLY
4.	Source of Funds* PF
5.	Check if Disclosure of Legal Proceedings Is
Required Pursuant to items 2(d) or 2(e) ( )
6.	Citizenship or Place of Organization United States of America
Number of Shares Beneficially Owned by Each Reporting Person With	7.	Sole Voting Power 140,100
	8.	Shared Voting Power
	9.	Sole Dispositive Power 140,100
	10.	Shared Dispositive Power
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 140,100
12.	Check if the Aggregate Amount Represented by
Amount in Row (11) Excludes Certain Shares (See Instructions) ( )
13.	Percent of Class Represented by Amount in Row (11) 4.1%
14.	Type of Reporting Person IN
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Item 1. Security and Issuer This Schedule 13D relates to the common stock, $.01 par value per share (the "Common Stock"), of Napco Security Systems, Inc., a Delaware corporation (the "Issuer"). The address of the principal executive offices of the Issuer is 333 Bayview Avenue, Amityville, New York 11701.
Item 2. Identity and Background.
(a)	Name: Sandra Lifschitz
(b)	Residence or business address: 7 Tulane Drive Livingston, NJ 07039
(c)	Present Principal Occupation or Employment: Self Employed, Investor
(d)	Criminal Conviction: The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors)
(e)	Court or Administrative Proceedings: The Reporting Person has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of such proceeding and was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.
(f)	Citizenship: The Reporting Person is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration: The source of funds used for the purchase of the Common Stock for the Reporting Person was personal funds. The amount paid for the Common Stock purchased by the Reporting Person is set forth in Item 5 hereof. The aggregate amount paid for the Common Stock acquired by the Reporting Person was approximately $863,800 which amount does not include brokerage commissions.

| Item 4. Purpose of Transaction State the purpose or purposes of the acquisition of securities of the issuer. Describe any plans or proposals
which the reporting persons may have which relate to or would result in: | |
| --- | --- |
| The Common Stock was acquired by the Reporting Person for investment purposes only. The Reporting Person may make additional purchases of Common Stock in the open market or in private transactions depending on, among other factors, an evaluation of the Issuer's business prospects and financial condition, the market for the Common Stock, the availability to the Reporting Person of funding to make such purchases and the ability to make such purchases without triggering exercisability of the rights issued pursuant to the Issuer's shareholder rights plan. The Reporting Person has not made any determination to acquire additional shares of the Issuer and, as of the date hereof, the Reporting Person has no present intention to change her purpose for acquiring the Common Stock or plans or proposals which relate to or would result in: | |
| 3 | |
| (a) | The acquisition by any person of additional securities of the issuer,
or the disposition of securities of the issuer; |
| the acquisition of additional securities of the Issuer or the disposition of presently-owned securities of the Issuer | |
| (b) | An extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the issuer or any of its subsidiaries; |
| an extraordinary corporate transaction involving the Issuer | |
| (c) | A sale or transfer of a material amount of assets of
the issuer or any of its subsidiaries; |
| a sale or transfer of a material amount of assets of the Issuer | |
| (d) | Any change in the present board of directors or management of the issuer,
including any plans or proposals to change the number or term of directors
or to fill any existing vacancies on the board; |
| any change in the present board of directors or management of the Issuer | |
| (e) | Any material change in the present capitalization or dividend policy of the issuer; |
| any material change in the present capitalization or dividend policy of the Issuer | |
| (f) | Any other material change in the issuer's business or corporate structure including but not
limited to, if the issuer is a registered closed-end investment company, any plans or
proposals to make any changes in its investment policy for which a vote is required by
section 13 of the Investment Company Act of 1940; |
| any other material change in the Issuer's business or corporate structure | |
| (g) | Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions
which may impede the acquisition of control of the issuer by any person; |
| any change in the Issuer's charter or by-laws or instruments corresponding thereto or other actions which may impede the acquisition or control of the Issuer by any person | |
| (h) | Causing a class of securities of the issuer to be delisted from a national securities
exchange or to cease to be authorized to be quoted in an inter-dealer quotation
system of a registered national securities association; |
| causing the Common Stock to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association | |
| (i) | A class of equity securities of the issuer becoming eligible for termination
of registration pursuant to Section 12(g)(4) of the Act; or |
| causing the Common Stock to become eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act | |
| (j) | Any action similar to any of those enumerated above. |
| causing the Common Stock to become eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act | |

Item 5. Interest in Securities of the Issuer.
(a)	For purposes of this Schedule 13D, the percentage of the outstanding Common Stock beneficially owned has been computed on the basis of 3,446,887 shares of Common Stock outstanding, based upon the information set forth in the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2002. NAME: Lifschitz, Sandra NO. OF COMMON STOCK BENEFICIALLY OWNED: 140,100 PERCENTAGE OF COMMON STOCK: 4.1%
(b)	Reference is made to the information set forth on lines 7 through 10 of the cover page of this Schedule 13D with respect to the Reporting Person's voting power and disposition power with respect to the Common Stock.
(c)	The following table sets forth information with respect to all transactions in the Common Stock that were effected by the Reporting Person during the past 60 days.

Transaction Date	Shares or Units Purchased (Sold)	Price per Share or Unit
1/21/03 1/13/03 1/13/03 1/13/03 1/13/03 1/10/03 1/9/03 1/8/03 1/8/03 1/7/03 1/7/03 1/7/03 1/7/03 1/7/03 1/7/03 1/7/03 1/6/03 1/6/03 1/6/03 1/6/03 1/3/03 1/3/03 12/31/02 12/31/02 12/31/02 12/31/02 12/31/02 12/27/02 12/27/02 12/27/02 12/27/02 12/27/02 12/26/02 12/24/02 12/24/02 12/24/02 12/23/02 12/20/02 12/19/02 12/18/02 12/17/22 12/17/02 12/16/02 12/13/02 12/11/02 12/11/02 12/10/02 12/9/02 12/6/02 12/6/02 12/5/02 12/5/02 12/5/02 12/5/02 12/4/02 12/4/02 12/4/02 12/4/02 12/4/02 12/3/02 12/2/02 12/2/02 12/2/02 11/29/02 11/29/02 11/29/02 11/29/02 11/20/02 11/20/02 11/20/02	(200000) 3000 1500 4000 300 600 (2500) 100 500 4000 2500 500 2555 2800 100 1000 1300 500 100 700 2000 1500 1045 10000 300 1500 8000 3500 3000 2500 2500 2500 4500 2500 2500 3300 (13000) (1600) (5000) 2500 1000 2000 700 1500 (600) (1500) (4100) (2500) (2500) (4400) (1500) (10000) (2600) (1500) 400 (3400) (2500) 1000 (7000) 2000 1500 3000 3000 1400 4500 3000 1200 1500 600 (1000)	9.74 9.92 9.95 9.92 9.88 9.83 9.97 9.68 9.79 9.52 9.58 9.58 9.62 9.63 9.77 10.02 9.03 9.04 9.15 9.26 9.13 9.21 9.13 9.23 9.34 9.53 9.53 9.05 9.43 9.09 9.04 9.14 9.53 9.97 9.74 9.73 9.92 9.98 9.97 9.78 9.43 9.53 9.72 9.8 9.97 9.87 9.98 10.12 10.02 10.07 9.96 9.98 10.06 9.97 9.72 9.98 9.97 9.85 9.89 9.83 9.84 9.82 9.83 9.84 9.89 9.93 9.97 9.94 9.93 10.07

(d)	None, other than broker-dealers providing credit for Common Stock held on margin on customary terms.
(e)	1/21/2003
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer. .
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Item 7. Material to be Filed as Exhibits. .

| Signature After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct. | |
| --- | --- |
| Date: January 24, 2003 | |
| Sandra Lifschitz | |
| By: | /s/ Sandra Lifschitz Sandra Lifschitz |

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