Filing Details

Accession Number:
0001254037-20-000001
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-12-17 18:01:31
Reporting Period:
2020-12-15
Accepted Time:
2020-12-17 18:01:31
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
1254037 Richard Soloway 333 Bayview Avenue
Amityville NY 11701
President, Ceo And Secretary Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2020-12-15 2,233,071 $24.70 3,999,792 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Footnotes
  1. Pursuant to a Registration Statement on Form S-3 that became effective on August 24, 2020 and an underwriting agreement dated December 10, 2020, Mr. Soloway sold 2,233,071 shares of common stock of the Issuer in an underwritten secondary public offering. The shares were sold at a public offering price of $26.00 per share and Mr. Soloway paid an underwriting discount and commission of $1.30 per share, resulting in a net price of $24.70 per share. Mr. Soloway also granted the underwriters a 30-day option to purchase 334,961 additional shares of common stock at the same price and at the same underwriting discount and commission.