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NETSOL TECHNOLOGIES INC Director's Dealing 2010

Feb 24, 2010

34479_dirs_2010-02-24_17d51c6f-7b18-4651-bb46-8f6ece316862.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: 2010-02-23

Reporting Person: GHAURI NAJEEB (Director, Chairman, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-23	Common Stock	A	250000	$0.00	Acquired	1096046	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-23	Options	$0.65	A	187500	Acquired	2009-08-12	Common Stock (187500)	Direct
2010-02-23	Options	$0.65	A	187500	Acquired	2009-11-12	Common Stock (187500)	Direct

Footnotes

F1: Shares vest quarterly at rate of 25% per quarter with the first portion vesting on March 31, 2010, and are conditioned upon
continued employment with the Company; the shares will vest in their entirety on 12/31/10 resulting in a total holding of
1,346,296; the shares are granted as compensation.