NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2005

Sep 19, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI.OB)
CIK: 0001065078
Period of Report: 2005-09-16

Reporting Person: Ohana Laurent (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase Common Stock	$1.00	2007-12-21	Common Stock (50000)		Direct
Option to Purchase Common Stock	$0.80	2015-12-16	Common Stock (50000)		Direct

Footnotes

F1: On December 21, 2004, Mr. Ohana was issued three year warrants to purchase 50,000 shares of common stock at an exercise price
of $1.00 per share which fully vested on the date of issuance.

F2: On September 16, 2005, Mr. Ohana was granted a ten year option to purchase 50,000 shares of common stock at an exercise price
of $.80 per share which vests at the rate of 12,500 shares per quarter beginning on December 16, 2005.