4//SEC Filing
BUCHEL KEVIN S 4
Accession 0001021771-24-000075
CIK 0000069633other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 4:23 PM ET
Size
8.2 KB
Accession
0001021771-24-000075
Insider Transaction Report
Form 4
BUCHEL KEVIN S
DirectorSenior Vice President
Transactions
- Sale
Common Stock
2024-03-12$40.36/sh−50,000$2,018,050→ 62,739 total
Holdings
- 97,584
Employee Stock Option (Right to Buy)
Exercise: $22.50Exp: 2031-10-19→ Common Stock (97,584 underlying) - 10,000
Employee Stock Option (Right to Buy)
Exercise: $26.94Exp: 2032-08-25→ Common Stock (10,000 underlying)
Footnotes (4)
- [F1]The reporting person 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 90 days from March 5, 2024. The reporting person was permitted to make the sale reflected herein pursuant to an exception provided for in the Lock-Up Agreement which permitted the sale by him of up to 50,000 shares during the lock-up period.
- [F2]This transaction was executed in multiple trades at prices ranging from $40.00 to $40.71 per share. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected.
- [F3]Currently exercisable to the extent of 57,584 shares. Exercisable to the extent of 20,000 shares on each of October 19, 2024 and 2025.
- [F4]Exercisable, cumulatively, at 20% per year commencing August 25, 2022.
Documents
Issuer
NAPCO SECURITY TECHNOLOGIES, INC
CIK 0000069633
Entity typeother
Related Parties
1- filerCIK 0001253873
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 4:23 PM ET
- Size
- 8.2 KB