NAPCO SECURITY SYSTEMS INC 4
4 · NAPCO SECURITY SYSTEMS INC · Filed Aug 19, 2005
Insider Transaction Report
Form 4
Blaustein Randy B
Director
Transactions
- Exercise/Conversion
NAPCO Security Systems, Inc
2005-08-18$1.72/sh+9,600$16,500→ 48,000 total - Exercise/Conversion
NAPCO Security Systems, Inc. Employee Stock Options
2005-08-18$1.72/sh−9,600$16,500→ 0 totalExercise: $1.72From: 2000-09-27Exp: 2005-09-27→ NAPCO Security Systems, Inc. Common Stock (0 underlying)
Footnotes (2)
- [F1]An Option to purchase 20,000 shares was issued on 9/27/00 at $4.125 per share. Due to a stock split the number of shares were increased to 40,000 and the exercise price was adjusted to $2.0625. On April 15, 2004, 32,000 shares (post split) were purchased, leaving a balance of 8,000 shares. In November 2004, as a result of a 20% stock dividend the the number of remaining shares were increased to 9,600 and the exercise price was adjusted to $1.71875.
- [F2]Option to purchase stock is exercisable , cumulatively, at 20% per year commnencing 9/27/00.