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

Feb 17, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI.0B)
CIK: 0001065078
Period of Report: 2005-02-15

Reporting Person: FINGERHUT BARRY K (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-15	Common Stock	S	22700	$1.15	Disposed	194280	Indirect
2005-02-15	Common Stock	S	2000	$1.15	Disposed	16868	Indirect
2005-02-15	Common Stock	S	80300	$1.15	Disposed	1350207	Indirect
2005-02-17	Common Stock	S	70000	$1.15	Disposed	1280207	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	517243	Direct

Footnotes

F1: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest
therein.