4//SEC Filing
SOLOWAY RICHARD 4
Accession 0001021771-24-000089
CIK 0000069633other
Filed
Apr 9, 8:00 PM ET
Accepted
Apr 10, 5:15 PM ET
Size
8.0 KB
Accession
0001021771-24-000089
Insider Transaction Report
Form 4
SOLOWAY RICHARD
DirectorPresident and Secretary10% Owner
Transactions
- Sale
Common Stock
2024-04-08$40.75/sh−50,000$2,037,500→ 1,656,010 total
Holdings
- 100,000
Employee Stock Option (Right to Buy)
Exercise: $22.50Exp: 2031-10-19→ Common Stock (100,000 underlying) - 10,000
Employee Stock Option (Right to Buy)
Exercise: $26.94Exp: 2032-08-25→ Common Stock (10,000 underlying)
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]Exercisable, cumulatively, at 20% per year commencing October 19, 2021.
- [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 0001254037
Filing Metadata
- Form type
- 4
- Filed
- Apr 9, 8:00 PM ET
- Accepted
- Apr 10, 5:15 PM ET
- Size
- 8.0 KB