SEC Form 4 · accession 0001256087-17-000001
NAPCO SECURITY TECHNOLOGIES, INC · NSSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jorge Hevia
Officer — Senior Vice President
Period of report
Mar 20, 2017
Accepted (ET)
Mar 21, 2017 · 6:50 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 Stock | Mar 20, 2017 | M | 5,000 | $5.35 | A | 200,454 | D | |
| Common Stock | Mar 20, 2017 | F | 2,500 | $10.70 | D | 197,954 | D | |
| Common Stock | Mar 20, 2017 | M | 4,000 | $4.88 | A | 201,954 | D | |
| Common Stock | Mar 20, 2017 | F | 1,824 | $10.70 | D | 200,130 | D | |
| Common Stock | Mar 20, 2017 | M | 3,000 | $4.37 | A | 203,130 | D | |
| Common Stock | Mar 20, 2017 | F | 1,225 | $10.70 | D | 201,905 | D | |
| Common Stock | Mar 20, 2017 | S | 15,000 | $10.4921 | D | 186,905 | 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) | $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) | $4.88 | Mar 20, 2017 | M | 4,000 | D | Sep 9, 2013 | Sep 9, 2023 | Common Stock | 4,000 | 0 | D |
| Employee Stock Options (Right to Buy) | $4.37 | Mar 20, 2017 | M | 3,000 | D | Oct 20, 2014 | Oct 20, 2024 | Common Stock | 3,000 | 0 | D |
Remarks
Mr. Hevia 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 6,451 shares. In addition, Mr. Hevia sold 15,000 shares of NAPCO stock that he presently owned, a portion of which will be used to cover federal and state income taxes, including those associated with the aforementioned exercise.