0001021771-24-000089.txt : 20240410 0001021771-24-000089.hdr.sgml : 20240410 20240410171513 ACCESSION NUMBER: 0001021771-24-000089 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240408 FILED AS OF DATE: 20240410 DATE AS OF CHANGE: 20240410 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SOLOWAY RICHARD CENTRAL INDEX KEY: 0001254037 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-10004 FILM NUMBER: 24836576 MAIL ADDRESS: STREET 1: 333 BAYVIEW AVENUE CITY: AMITYVILLE STATE: NY ZIP: 11701 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NAPCO SECURITY TECHNOLOGIES, INC CENTRAL INDEX KEY: 0000069633 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 112277818 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: 333 BAYVIEW AVE CITY: AMITYVILLE STATE: NY ZIP: 11701 BUSINESS PHONE: 631-842-9400 MAIL ADDRESS: STREET 1: 333 BAYVIEW AVE CITY: AMITYVILLE STATE: NY ZIP: 11701 FORMER COMPANY: FORMER CONFORMED NAME: NAPCO SECURITY SYSTEMS INC DATE OF NAME CHANGE: 19920703 4 1 form4.xml X0508 4 2024-04-08 0000069633 NAPCO SECURITY TECHNOLOGIES, INC NSSC 0001254037 SOLOWAY RICHARD 333 BAYVIEW AVENUE AMITYVILLE NY 11701 true true Pres, CEO, Chairman, Secy false Common Stock 2024-04-08 4 S 0 50000 40.75 D 1656010 D Employee Stock Option (Right to Buy) 22.495 2031-10-19 Common Stock 100000 100000 D Employee Stock Option (Right to Buy) 26.94 2032-08-25 Common Stock 10000 10000 D Pursuant to a Registration Statement on Form S-3 that became effective on March 5, 2024 and the exercise by the underwriters of an option to purchase additional shares pursuant to an underwriting agreement dated March 5, 2024, Mr. Soloway sold 50,000 shares of common stock of the Issuer. The shares were sold at a public offering price of $40.75 per share and Mr. Soloway paid an underwriting discount and commission of $1.01875 per share, resulting in a net price of $39.73125 per share. Mr. Soloway is a party to a Lock-Up Agreement with the underwriters identified therein pursuant to which he has agreed that, subject to certain exceptions as provided for in the Lock-Up Agreement, he will not dispose of his shares of the Issuer for a period of 180 days from March 5, 2024. Exercisable, cumulatively, at 20% per year commencing October 19, 2021. Exercisable, cumulatively, at 20% per year commencing August 25, 2022. /s/ Richard Soloway 2024-04-08