SEC Form 4 · accession 0001253873-19-000001
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
Feb 7, 2019
Accepted (ET)
Feb 8, 2019 · 4:53 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 | Feb 7, 2019 | M | 1,000 | $8.75 | A | 286,230 | D | |
| Common StockF1 | Feb 7, 2019 | F | 439 | $19.92 | D | 285,791 | D | |
| Common StockF1 | Feb 8, 2019 | S | 5,000 | $19.50 | D | 280,791 | 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 | $8.75 | Feb 7, 2019 | M | 1,000 | D | Dec 15, 2017 | Dec 15, 2027 | Common Stock | 5,000 | 3,000 | D |
Explanation of responses
- F1Mr. Buchel exercised 1,000 Incentive Stock Options as part of a cashless exercise whereby 439 shares were exchanged as payment for such options, netting an increase of 561 shares. In addition, Mr. Buchel sold 5,000 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.