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