FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * SOLOWAY RICHARD   2. Issuer Name and Ticker or Trading Symbol NAPCO SECURITY TECHNOLOGIES, INC [NSSC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and Secretary (Last) (First) (Middle) 333 BAYVIEW AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 12/10/2012 (Street) AMITYVILLE, NY 11701 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price NAPCO Security Technologies, Inc. 12/10/2012   F   371,890 (1) D $ 3.38 5,625,770 D   NAPCO Security Technologies, Inc. 12/10/2012   M   135,000 (1) A $ 1.787 5,760,770 D   NAPCO Security Technologies, Inc. 12/10/2012   M   540,000 (1) A $ 1.881 6,300,770 D   NAPCO Security Technologies, Inc. 12/10/2012   D   128,588 (1) D $ 3.38 6,172,182 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

NAPCO Security Systems, Inc. Employee Stock Options

$ 1.787

12/10/2012

M

135,000 (1) (2)

02/27/2003(2)

02/27/2013(2)

NAPCO Security Technologies, Inc.

0

$ 1.787

0

D

NAPCO Security Systems, Inc. Employee Stock Options

$ 1.881

12/10/2012

M

540,000 (1) (3)

06/15/2003(3)

06/15/2013(3)

NAPCO Security Technologies, Inc.

0

$ 1.881

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SOLOWAY RICHARD 333 BAYVIEW AVENUE AMITYVILLE, NY 11701	X	X	President and Secretary

Signatures

Richard Soloway		12/12/2012
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Mr. Soloway exercised 675,000 stock options, 135,000 of which were set to expire on February 27, 2013 and the balance on June 15, 2013. Mr. Soloway exchanged 371,890 shares of NAPCO stock he presently owned, as payment for the exercise of the aforementioned 675,000 stock options. In adition Mr. Soloway sold 128,588 shares of NAPCO stock that he just received from the stock option exercise, back to the Company, whose proceeds will be used to cover the anticipated tax liability associated with the stock option exercise. The end result of these transactions is Mr. Soloway owns 174,522 additional shares or total shares of 6,172,182.
(2)	Stock Options were awarded on February 27, 2003 and were exercisable at 20% per year commencing on February 27, 2003. These stock options have a 10 year life and were due to expire on February 27, 2013.
(3)	Stock Options were awarded on June 15, 2003 and were exercisable at 20% per year commencing on June 15, 2003. These stock options have a 10 year life and were due to expire on June 15, 2013.

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