I have no idea about your specific alarm, however have had experience of others. I would assume there is some way you can put the alarm in "valet mode", which should mean the alarm doesn't passively arm whilst you fanny around doing whatever. I had the same feature on a Cobra (I think) alarm on a previous vehicle. To enable valet mode you would have to press and hold two buttons at the same time for a few seconds until the alarm LED stayed on continually (may also have had an audible alert - I'm getting old and cannot remember). It also had a capability of manually sounding the alarm - this could be your "panic mode" - This was done by holding down a further two buttons on the alarm fob (it had four buttons in all).
Now, if I were you I would either 1) leave it the fuck alone, or 2) play with different button press combinations and lengths, and see what happens.
Sorry if I have wasted your time and none of this is true
