Buchel Kevin S Form 4 NAPCO SECURITY / KEVIN S BUCHEL ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BUCHEL KEVIN S

(Last)

(First)

(Middle)

333 BAYVIEW AVE

(Street)

AMITYVILLE

11701

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NAPCO SECURITY TECHNOLOGIES, INC [ NSSC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/09/2024		M		1,600	A	$15.27	119,086	D
Common Stock	02/09/2024		F		543⁽¹⁾	D	$45	118,543	D
Common Stock	02/09/2024		M		2,416	A	$22.495	120,959	D
Common Stock	02/09/2024		F		1,207⁽¹⁾	D	$45	119,752	D
Common Stock	02/12/2024		M		4,000	A	$11.675	123,752	D
Common Stock	02/12/2024		F		1,013⁽¹⁾	D	$46.11	122,739	D
Common Stock	02/12/2024		S		10,000	D	$44.7953⁽²⁾	112,739	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$15.27	02/09/2024		M			1,600	⁽³⁾	10/28/2029	Common Stock	1,600	$0	0	D
Employee Stock Option (Right to Buy)	$11.675	02/12/2024		M			4,000	⁽³⁾	02/12/2030	Common Stock	4,000	$0	0	D
Employee Stock Option (Right to Buy)	$22.495	02/09/2024		M			2,416	⁽⁴⁾	10/19/2031	Common Stock	2,416	$0	97,584	D
Employee Stock Option (Right to Buy)	$26.94							⁽⁵⁾	08/25/2032	Common Stock	10,000		10,000	D

Explanation of Responses:

1. Represents shares owned by the reporting person and used to pay the exercise price.

2. Represents the weighted average selling price of the shares. Actual selling prices ranged from $44.665 through $44.95.

3. Currently exercisable.

4. Currently exercisable to the extent of 2,416 shares. Exercisable to the extent of 20,000 shares on October 19, 2024.

5. Exercisable, cumulatively, at 20% per year commencing August 25, 2022.

	Kevin Buchel	02/13/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Buchel Kevin S Form 4NAPCO SECURITY / KEVIN S BUCHEL ownership change