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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2023

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	02/23/2023		M		2,000	A	$4.375	101,829	D
Common Stock	02/23/2023		F		275⁽¹⁾	D	$31.86	101,554	D
Common Stock	02/23/2023		M		3,200	A	$7.345	104,754	D
Common Stock	02/23/2023		F		738⁽¹⁾	D	$31.86	104,016	D
Common Stock	02/23/2023		M		6,400	A	$15.27	110,416	D
Common Stock	02/23/2023		F		3,067⁽¹⁾	D	$31.86	107,349	D
Common Stock	02/23/2023		M		16,000	A	$11.675	123,349	D
Common Stock	02/23/2023		F		5,863⁽¹⁾	D	$31.86	117,486	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)
Stock Option	$4.375	02/23/2023		M			2,000	⁽²⁾	12/14/2027	Common Stock	2,000	$0	0	D
Stock Option	$7.345	02/23/2023		M			3,200	⁽²⁾	10/01/2028	Common Stock	3,200	$0	0	D
Stock Option	$15.27	02/23/2023		M			6,400	⁽³⁾	10/27/2029	Common Stock	6,400	$0	1,600	D
Stock Option	$11.675	02/23/2023		M			16,000	⁽⁴⁾	02/11/2030	Common Stock	16,000	$0	4,000	D
Stock Option	$22.495							⁽⁵⁾	10/18/2031	Common Stock	100,000		100,000	D
Stock Option	$26.94							⁽⁶⁾	08/24/2032	Common Stock	10,000		10,000	D

Explanation of Responses:

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

2. Currently exercisable.

3. Currently exercisable to the extent of 6,400 shares. Exercisable to the extent of 1,600 shares on October 28, 2023.

4. Currently exercisable to the extent of 16,000 shares. Exercisable to the extent of 4,000 shares on February 12, 2024.

5. Exercisable, cumulatively, at 20% per year commencing October 19, 2021.

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

	/s/ Kevin S. Buchel	02/24/2023
	** 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