NAPCO SECURITY TECHNOLOGIES, INC — Major Shareholding Notification 2008

Feb 14, 2008

SC 13G/A 1 d73546_sc13g-a.htm AMENDMENT TO STATEMENT OF BENEFICIAL OWNERSHIP

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of 7 |
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| UNITED
STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) Under the Securities Exchange Act of 1934 (Amendment No. 1)* |
| Napco Security Systems,
Inc. |
| (Name of Issuer) |
| common, 0.01 par value per
share |
| (Title of Class of
Securities) |
| 630402105 |
| (CUSIP Number) |
| Monday, December 31,
2007 |
| (Date of Event Which Requires
Filing of this Statement) |
| Check the
appropriate box to designate the rule pursuant to which this Schedule is
filed: |

x	Rule 13d-1(b)
o	Rule 13d-1(c)
o	Rule 13d-1(d)
*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 the disclosures provided in a prior cover
page.
The information required in 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).

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| CUSIP No.
750077109 |

| 1. | Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) Raj Rajaratnam | |
| --- | --- | --- |
| 2. | Check the Appropriate Box if a
Member of a Group (See Instructions) | |
| | (a) | x |
| | (b) | o |

3.	SEC Use Only
4.	Citizenship or Place of
Organization United States

Number of Shares Beneficially Owned by Each Reporting Person With
5.	Sole Voting Power -0-
6.	Shared Voting Power 100,347
7.	Sole Dispositive Power -0-
8.	Shared Dispositive Power 100,347

| 9. | Aggregate Amount Beneficially
Owned by Each Reporting Person 100,347 |
| --- | --- |
| 10. | Check if the Aggregate Amount
in Row (9) Excludes Certain Shares (See Instructions) o |
| 11. | Percent of Class Represented by
Amount in Row (9) .52% (Based upon 19,349,964 shares of common outstanding) |
| 12. | Type of Reporting Person (See
Instructions) IN |

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of 7 |
| --- |
| CUSIP No.
750077109 |

| 1. | Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) Galleon Management, L.P. | |
| --- | --- | --- |
| 2. | Check the Appropriate Box if a
Member of a Group (See Instructions) | |
| | (a) | x |
| | (b) | o |

3.	SEC Use Only
4.	Citizenship or Place of
Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With
5.	Sole Voting Power -0-
6.	Shared Voting Power 100,347
7.	Sole Dispositive Power -0-
8.	Shared Dispositive Power 100,347

| 9. | Aggregate Amount Beneficially
Owned by Each Reporting Person 100,347 |
| --- | --- |
| 10. | Check if the Aggregate Amount
in Row (9) Excludes Certain Shares (See Instructions) o |
| 11. | Percent of Class Represented by
Amount in Row (9) .52% (Based upon 19,349,964 shares of common outstanding) |
| 12. | Type of Reporting Person (See
Instructions) IA |

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| Item
1. | |
| --- | --- |
| (a) | Name of Issuer Napco Security Systems, Inc. |
| (b) | Address of Issuers Principal
Executive Offices 333 Bayview Ave, Amityville, NY, 11701 |
| Item
2. | |
| (a) | Name of Person Filing Raj Rajaratnam Galleon Management, L.P. |
| (b) | Address of Principal Business
Office or, if none, Residence For Galleon Management, L.P.: 590 Madison Avenue, 34th Floor New York, NY 10022 |
| | For each Reporting Person other
than Galleon Management, L.P.: c/o Galleon Management, L.P. 590 Madison Avenue, 34th Floor New York, NY 10022 |
| (c) | Citizenship |
| | For Raj Rajaratnam: United
States For Galleon Management, L.P.: Delaware |
| (d) | Title of Class of
Securities common, $0.01 par value per share |
| (e) | CUSIP Number 630402105 |

| Item
3. | If This
Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2 (b) or (c), Check Whether
the Person Filing is a: — (a) | o | Broker or
dealer registered under section 15 of the Act (15 U.S.C. 780). |
| --- | --- | --- | --- |
| | (b) | o | Bank as
defined in section 3(a)(6) of the Act (I5 U.S.C. 78c). |
| | (c) | o | Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
| | (d) | o | Investment
company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C
80a-8). |
| | (e) | o | An investment
adviser in accordance with §240.13d-l(b)(1)(ii)(E); |
| | (f) | o | An employee
benefit plan or endowment fund in accordance with
§240.13d-l(b)(1)(ii)(F); |
| | (g) | o | A parent
holding company or control person in accordance with §
240.13d-l(b)(ii)(G); |
| | (h) | o | A savings
associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12
U.S.C. 1813); |
| | (i) | o | A church plan
that is excluded from the definition of an investment company under section
3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| Item 4. | Ownership. | | |
| | With respect to
the beneficial ownership of the reporting person, see items 5 through 11 of the
cover pages to this Schedule 13G, which are incorporated herein by
reference. | | |

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Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x . Not Applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable Item 8. Identification and Classification of Members of the Group Not Applicable Item 9. Notice of Dissolution of Group Not Applicable Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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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.

| Monday, February
11, 2008 |
| --- |
| Date |
| RAJ RAJARATNAM, for
HIMSELF; For GALLEON MANAGEMENT, L.P., as the Managing Member of its General Partner, Galleon Management, L.L.C.; |

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Exhibit 1 The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.in this statement is true, complete and correct.

RAJ RAJARATNAM, for HIMSELF; For GALLEON MANAGEMENT, L.P., as the Managing Member of its General Partner, Galleon Management, L.L.C.;