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

Mar 22, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI)
CIK: 0001065078
Period of Report: 2003-12-30

Reporting Person: FIRST NEW YORK SECURITIES LLC /NY (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	566700	Direct
Common Stock	150000	Direct
Common Stock	50000	Direct
Common Stock	32200	Indirect
Common Stock	50000	Direct

Footnotes

F1: Securities owned by First New York Securities L.L.C.

F2: Securities owned by Jay Goldstein.

F3: Securities owned by Douglas Lipton.

F4: Securities owned by Mr. Lipton's wife.

F5: Securities owned by Michael Marvin.