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

Dec 24, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: SCHESSEL HARRY B (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-22	Option to Purchase Common Stock	$0.2100	A	25000	Acquired	2013-12-22	Common Stock, $.01 par value per share (25000)	Direct

Footnotes

F1: The shares underlying the Option shall vest on a quarterly basis in equal amounts of 6,250 shares per quarter beginning 90 days after the grant.

F2: The option was granted in consideration for services rendered to the Issuer.