SEC Form 4 · accession 0001253873-18-000003
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
Nov 12, 2018
Accepted (ET)
Nov 13, 2018 · 4:59 pm EST
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 | Nov 12, 2018 | M | 1,000 | $4.37 | A | 288,987 | D | |
| Common StockF1 | Nov 12, 2018 | F | 252 | $17.32 | D | 288,735 | D | |
| Common StockF1 | Nov 12, 2018 | M | 1,000 | $8.75 | A | 289,735 | D | |
| Common StockF1 | Nov 12, 2018 | F | 505 | $17.32 | D | 289,230 | D | |
| Common StockF1 | Nov 12, 2018 | S | 4,000 | $17.00 | D | 285,230 | 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 | $4.37 | Nov 12, 2018 | M | 1,000 | D | Oct 20, 2014 | Oct 20, 2024 | Common Stock | 5,000 | 0 | D |
| Employee Stock Options (Right to Buy)F1 | $8.75 | Nov 12, 2018 | M | 1,000 | D | Dec 15, 2017 | Dec 15, 2027 | Common Stock | 5,000 | 4,000 | D |
Explanation of responses
- F1Mr. Buchel exercised 2,000 Incentive Stock Options as part of a cashless exercise whereby 757 shares were exchanged as payment for such options, netting an increase of 1,243 shares. In addition, Mr. Buchel sold 4,000 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.