SEC Form 4 · accession 0001253873-17-000001
NAPCO SECURITY TECHNOLOGIES, INC · NSSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin S Buchel
Officer — Senior Vice President · Director
Period of report
Mar 17, 2017
Accepted (ET)
Mar 21, 2017 · 5:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000069633
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 17, 2017 | S | 5,000 | $10.65 | D | 290,168 | D | |
| Common StockF1 | Mar 20, 2017 | M | 5,000 | $5.35 | A | 295,168 | D | |
| Common StockF1 | Mar 20, 2017 | F | 2,500 | $10.70 | D | 292,668 | D | |
| Common StockF1 | Mar 20, 2017 | M | 4,000 | $4.88 | A | 296,668 | D | |
| Common StockF1 | Mar 20, 2017 | F | 1,825 | $10.70 | D | 294,843 | D | |
| Common StockF1 | Mar 20, 2017 | M | 3,000 | $4.37 | A | 297,843 | D | |
| Common StockF1 | Mar 20, 2017 | F | 1,225 | $10.70 | D | 296,618 | D | |
| Common StockF1 | Mar 20, 2017 | S | 7,868 | $10.637 | D | 288,750 | D | |
| Common StockF1 | Mar 21, 2017 | S | 400 | $10.50 | D | 288,350 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F1 | $5.35 | Mar 20, 2017 | M | 5,000 | D | Oct 9, 2007 | Oct 9, 2017 | Common Stock | 5,000 | 0 | D |
| Employee Stock Options (Right to Buy)F1 | $4.88 | Mar 20, 2017 | M | 4,000 | D | Sep 19, 2013 | Sep 19, 2023 | Common Stock | 5,000 | 1,000 | D |
| Employee Stock Options (Right to Buy)F1 | $4.37 | Mar 20, 2017 | M | 3,000 | D | Oct 20, 2014 | Oct 20, 2024 | Common Stock | 5,000 | 2,000 | D |
Explanation of responses
- F1Mr. Buchel exercised 12,000 Incentive Stock Options as part of a cashless exercise whereby 5,550 shares were exchanged as payment for such options, netting an increase of 6,450 shares. In addition, Mr. Buchel sold 13,268 shares of NAPCO stock that he presently owned and a portion of the proceeds will be used to cover federal and state income taxes including those associated with the aforementioned exercise.