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NETSOL TECHNOLOGIES INC Director's Dealing 2010

May 17, 2010

34479_dirs_2010-05-17_42f0085b-4b2a-4aa0-b1a2-b1d3ee335bdd.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETSOL TECHNOLOGIES INC (NTWK)
CIK: 0001039280
Period of Report: 2010-05-17

Reporting Person: GHAURI NAEEM (Director, CEO, NTE)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-03-31 Common Stock A 62500 Acquired 572426 Direct
2010-05-14 Common Stock P 309379 $.87 Acquired 881805 Direct

Footnotes

F1: Previously reported, part of grant of 250,000 shares which vest quarterly over 2010.