NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2007

Jan 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2006-12-29

Reporting Person: HOROWITZ COREY M (Director, CEO and Chairman, 10% Owner)
Reporting Person: CMH CAPITAL MANAGEMENT CORP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-29	Common Stock, $.01 par value per share	G	37500	—	Disposed	381303	Direct
2006-12-29	Common Stock, $.01 par value per share	G	12500	—	Acquired	42500	Indirect
2006-12-29	Common Stock, $.01 par value per share	G	12500	—	Acquired	42500	Indirect
2006-12-29	Common Stock, $.01 par value per share	G	12500	—	Acquired	42500	Indirect

Footnotes

F1: On December 29, 2006, Mr. Horowitz transferred by gift an aggregate of 37,500 shares to two trusts and a custodian account
for the benefit of his three children.