A security device is provided including a security lock configured to retain an object when locked, a receiver configured to receive a security code transmission, and processing circuitry configured to transition the security lock between a locked state and unlock permissive state based on receipt of a security code. The security lock may initially be set to the unlock permissive state. At the first instance in which a security code is received, the processing circuitry may transition the security lock to a key permissive mode in which the security lock transitions to a locked state and in response to a subsequent receipt of the security code the security lock transitions to the unlock permissive state.