NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2004

Dec 23, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI.OB)
CIK: 0001065078
Period of Report: 2004-12-21

Reporting Person: HOROWITZ COREY M (Director, CEO and Chairman, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-21	Warrants to Purchase Common Stock	$1.00	J	85220	Acquired	2005-12-22	Common Stock, $.01 par value per share (85220)	Direct

Footnotes

F1: The Warrant was originally issued on December 22, 1999 and had an original expiration date of five years (December 22, 2004). On December 21, 2004, the Board of Directors of the Issuer extended the expiration date of all Warrants issued on December 22, 1999 by one-year until December 22, 2005.