NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2003

Dec 31, 2003

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI.PK)
CIK: 0001065078
Period of Report: 2003-12-22

Reporting Person: PONS ROBERT M (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase Common Stock	$0.2100	2013-12-22	Common Stock, $.01 par value per share (50000)		Direct

Footnotes

F1: The shares underlying the Option shall vest on a quarterly basis in equal amounts of 12,500 shares per quarter beginning 90 days after the date of the grant (12/22/03).