NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2006

Dec 21, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI.OB)
CIK: 0001065078
Period of Report: 2006-12-20

Reporting Person: PONS ROBERT M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-20	Common Stock Purchase Option	$1.50	A	50000	Acquired	2011-12-20	Common Stock (50000)	Direct

Footnotes

F1: On December 20, 2006, Mr. Pons was issued five year options to purchase 50,000 shares at an exercise price per share of
$1.50, which options immediately vest.