SEC Form 4 · accession 0001254037-18-000001
NAPCO SECURITY TECHNOLOGIES, INC · NSSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Soloway
Officer — President and Secretary · Director · 10% Owner
Period of report
Jun 20, 2018
Accepted (ET)
Jun 22, 2018 · 5:17 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 | Jun 20, 2018 | M | 2,000 | $4.807 | A | 6,229,844 | D | |
| Common StockF1 | Jun 20, 2018 | F | 656 | $14.65 | D | 6,229,188 | D | |
| Common StockF1 | Jun 20, 2018 | M | 2,000 | $5.368 | A | 6,231,188 | D | |
| Common StockF1 | Jun 20, 2018 | F | 733 | $14.65 | D | 6,230,455 | 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 | $4.807 | Jun 20, 2018 | M | 2,000 | D | Oct 20, 2014 | Oct 20, 2024 | Common Stock | 10,000 | 2,000 | D |
| Employee Stock Options (Right to Buy)F1 | $5.368 | Jun 20, 2018 | M | 2,000 | D | Sep 9, 2013 | Sep 9, 2023 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1Mr. Soloway exercised 4,000 Incentive Stock Options as part of a cashless exercise whereby 1,389 shares were exchanged as payment for such options, netting an increase of 2,611 shares.