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

Feb 2, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI.PK)
CIK: 0001065078
Period of Report: 2004-01-21

Reporting Person: KAHN DAVID C (Chief Financial Officer)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase Common Stock	$0.3500	2014-01-21	Common Stock, $.01 par value per share (50000)		Direct

Footnotes

F1: The shares underlying the Option vested on the date of the grant (1/21/04) with respect to 20,000 shares and shall vest with respect to 2,500 shares on the last day of each month, beginning January 31, 2004 and ending on December 31, 2004.