Filing Details

Accession Number:
0001253873-12-000001
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-09-27 17:08:55
Reporting Period:
2012-09-25
Filing Date:
2012-09-27
Accepted Time:
2012-09-27 17:08:55
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
69633 Napco Security Technologies Inc NSSC Communications Equipment, Nec (3669) 112277818
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1253873 S Kevin Buchel 333 Bayview Ave
Amityville NY 11701
Senior Vice President Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Napco Security Technologies, Inc. Disposition 2012-09-25 13,807 $3.44 264,876 No 4 F Direct
Napco Security Technologies, Inc. Acquisiton 2012-09-25 27,000 $1.76 291,876 No 4 M Direct
Napco Security Technologies, Inc. Disposition 2012-09-25 10,000 $3.43 281,876 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 F Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Napco Security Technologies, Inc. NAPCO Security Systems, Inc. Employee Stock Options Disposition 2012-09-25 27,000 $1.76 0 $1.76
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2002-12-20 2012-12-20 No 4 M Direct
Footnotes
  1. Mr. Buchel exercised 27,000 Incentive Stock Options that were set to expire on December 20, 2012. Mr. Buchel exchanged 13,807 shares of NAPCO stock he presently owned, as payment for the exercise of the aforementioned 27,000 stock options. In addition, Mr. Buchel sold 10,000 shares of NAPCO stock that he presently owned, approximately 7,000 of which were used to cover the associated taxes as a result of the stock option exercise. The end result of these transactions is Mr. Buchel owns 3,193 additional shares or total shares of 281,876.
  2. Stock Options were awarded on December 20, 2002 and were exercisable at 20% per year commencing on December 20, 2002. These stock options have a 10 year life and were due to expire on Decmber 20, 2012.