-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KRXV2EB3Mdh6rYU79jm3ErCcSf8xLYJXJ87UnEvHWYB80xvlMAkAE2rs7DB8HG+7 XIpxrPStFKpUJLn+XQWaiA== 0001140361-03-000190.txt : 20030124 0001140361-03-000190.hdr.sgml : 20030124 20030124161429 ACCESSION NUMBER: 0001140361-03-000190 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030124 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LIFSCHITZ SANDRA CENTRAL INDEX KEY: 0001141025 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 7 TULANE DRIVE CITY: LIVINGSTON STATE: NJ ZIP: 07039 MAIL ADDRESS: STREET 1: 7 TULANE DRIVE CITY: LIVINGSTON STATE: NJ ZIP: 07039 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NAPCO SECURITY SYSTEMS INC CENTRAL INDEX KEY: 0000069633 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 112277818 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-33179 FILM NUMBER: 03524309 BUSINESS ADDRESS: STREET 1: 333 BAYVIEW AVE CITY: AMITYVILLE STATE: NY ZIP: 11701 BUSINESS PHONE: 5168429400 MAIL ADDRESS: STREET 1: C/O FORCHELLI CURTO SCHWARTZ ET AL, LLP STREET 2: 330 OLD COUNTRY RD. - 3RD FL. CITY: MINEOLA STATE: NY ZIP: 11501 SC 13D 1 doc1.htm Schedule 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No.   )*



Napco Security System, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
63030402105
(CUSIP Number)
Sandra Lifschitz
7 Tulane Drive
Livingston, NJ 07039
973-535-1635
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

January 21, 2003
(Date of Event which Requires Filling of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1 (f) or 240.13d-1(g), check the following box.   (  )



Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
 

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


 


SCHEDULE 13D
CUSIP No. 63030402105
  1. Names of Reporting Persons.
Sandra Lifschitz
I.R.S. Identification No.
  2. Check the Appropriate Box if a Member of a Group*
(a.)  (  )       (b.)  (  )
  3. SEC USE ONLY
  4. Source of Funds*
PF
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  (  )
  6. Citizenship or Place of Organization
United States of America
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With 		7. Sole Voting Power
140,100
8. Shared Voting Power
9. Sole Dispositive Power
140,100
10. Shared Dispositive Power
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
140,100
  12. Check if the Aggregate Amount Represented by Amount in Row (11) Excludes Certain Shares
(See Instructions)   (  )
  13. Percent of Class Represented by Amount in Row (11)
4.1%
  14. Type of Reporting Person
IN


2


Item 1. Security and Issuer

          This Schedule 13D relates to the common stock, $.01 par value per share (the "Common Stock"), of Napco Security Systems, Inc., a Delaware corporation (the "Issuer"). The address of the principal executive offices of the Issuer is 333 Bayview Avenue, Amityville, New York 11701.


Item 2. Identity and Background.


(a)

Name:  Sandra Lifschitz


(b)

Residence or business address:  7 Tulane Drive Livingston, NJ 07039


(c)

Present Principal Occupation or Employment:  Self Employed, Investor


(d)

Criminal Conviction:  The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors)


(e)

Court or Administrative Proceedings:  The Reporting Person has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of such proceeding and was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.


(f)

 Citizenship:  The Reporting Person is a citizen of the United States of America.


Item 3. Source and Amount of Funds or Other Consideration:

          The source of funds used for the purchase of the Common Stock for the Reporting Person was personal funds. The amount paid for the Common Stock purchased by the Reporting Person is set forth in Item 5 hereof. The aggregate amount paid for the Common Stock acquired by the Reporting Person was approximately $863,800 which amount does not include brokerage commissions.


Item 4. Purpose of Transaction

            State the purpose or purposes of the acquisition of securities of the issuer. Describe any plans or proposals which the reporting persons may have which relate to or would result in:

         The Common Stock was acquired by the Reporting Person for investment purposes only. The Reporting Person may make additional purchases of Common Stock in the open market or in private transactions depending on, among other factors, an evaluation of the Issuer's business prospects and financial condition, the market for the Common Stock, the availability to the Reporting Person of funding to make such purchases and the ability to make such purchases without triggering exercisability of the rights issued pursuant to the Issuer's shareholder rights plan. The Reporting Person has not made any determination to acquire additional shares of the Issuer and, as of the date hereof, the Reporting Person has no present intention to change her purpose for acquiring the Common Stock or plans or proposals which relate to or would result in:


3

(a)

The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer;

the acquisition of additional securities of the Issuer or the disposition of presently-owned securities of the Issuer

(b)

An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries;

an extraordinary corporate transaction involving the Issuer

(c)

A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries;

a sale or transfer of a material amount of assets of the Issuer

(d)

Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;

any change in the present board of directors or management of the Issuer

(e)

Any material change in the present capitalization or dividend policy of the issuer;

any material change in the present capitalization or dividend policy of the Issuer

(f)

Any other material change in the issuer's business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940;

any other material change in the Issuer's business or corporate structure

(g)

Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person;

any change in the Issuer's charter or by-laws or instruments corresponding thereto or other actions which may impede the acquisition or control of the Issuer by any person

(h)

Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

causing the Common Stock to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association

(i)

A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or

causing the Common Stock to become eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act

(j)

Any action similar to any of those enumerated above.

causing the Common Stock to become eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act


Item 5. Interest in Securities of the Issuer.


(a)

For purposes of this Schedule 13D, the percentage of the outstanding Common Stock beneficially owned has been computed on the basis of 3,446,887 shares of Common Stock outstanding, based upon the information set forth in the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2002.
         
         NAME: Lifschitz, Sandra
         NO. OF COMMON STOCK BENEFICIALLY OWNED: 140,100
         PERCENTAGE OF COMMON STOCK: 4.1%


(b)

Reference is made to the information set forth on lines 7 through 10 of the cover page of this Schedule 13D with respect to the Reporting Person's voting power and disposition power with respect to the Common Stock.


(c)

The following table sets forth information with respect to all transactions in the Common Stock that were effected by the Reporting Person during the past 60 days.


 

Transaction
Date

Shares or Units
Purchased (Sold)

Price per
Share or Unit

 

 

1/21/03
1/13/03
1/13/03
1/13/03
1/13/03
1/10/03
1/9/03
1/8/03
1/8/03
1/7/03
1/7/03
1/7/03
1/7/03
1/7/03
1/7/03
1/7/03
1/6/03
1/6/03
1/6/03
1/6/03
1/3/03
1/3/03
12/31/02
12/31/02
12/31/02
12/31/02
12/31/02
12/27/02
12/27/02
12/27/02
12/27/02
12/27/02
12/26/02
12/24/02
12/24/02
12/24/02
12/23/02
12/20/02
12/19/02
12/18/02
12/17/22
12/17/02
12/16/02
12/13/02
12/11/02
12/11/02
12/10/02
12/9/02
12/6/02
12/6/02
12/5/02
12/5/02
12/5/02
12/5/02
12/4/02
12/4/02
12/4/02
12/4/02
12/4/02
12/3/02
12/2/02
12/2/02
12/2/02
11/29/02
11/29/02
11/29/02
11/29/02
11/20/02
11/20/02
11/20/02

(200000)
3000 
1500 
4000 
300 
600 
(2500)
100 
500 
4000 
2500 
500 
2555 
2800 
100 
1000 
1300 
500 
100 
700 
2000 
1500 
1045 
10000 
300 
1500 
8000 
3500 
3000 
2500 
2500 
2500 
4500 
2500 
2500 
3300 
(13000)
(1600)
(5000)
2500 
1000 
2000 
700 
1500 
(600)
(1500)
(4100)
(2500)
(2500)
(4400)
(1500)
(10000)
(2600)
(1500)
400 
(3400)
(2500)
1000 
(7000)
2000 
1500 
3000 
3000 
1400 
4500 
3000 
1200 
1500 
600 
(1000)
 

  

9.74
9.92
9.95
9.92
9.88
9.83
9.97
9.68
9.79
9.52
9.58
9.58
9.62
9.63
9.77
10.02
9.03
9.04
9.15
9.26
9.13
9.21
9.13
9.23
9.34
9.53
9.53
9.05
9.43
9.09
9.04
9.14
9.53
9.97
9.74
9.73
9.92
9.98
9.97
9.78
9.43
9.53
9.72
9.8
9.97
9.87
9.98
10.12
10.02
10.07
9.96
9.98
10.06
9.97
9.72
9.98
9.97
9.85
9.89
9.83
9.84
9.82
9.83
9.84
9.89
9.93
9.97
9.94
9.93
10.07

  

 

 

 


(d)

None, other than broker-dealers providing credit for Common Stock held on margin on customary terms.


(e)

1/21/2003


Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

          ..



4


Item 7. Material to be Filed as Exhibits.

          ..


Signature

        After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Date:  January 24, 2003
  Sandra Lifschitz
  By: /s/ Sandra Lifschitz
      Sandra Lifschitz
 


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