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NETWORK-1 TECHNOLOGIES, INC. Director's Dealing 2008

Dec 19, 2008

34749_dirs_2008-12-19_4cbfa5dd-fee9-4e31-96c8-da51140cc099.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2008-12-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-19	Common Stock, $.01 par value per share	G	75000	—	Disposed	268803	Direct
2008-12-19	Common Stock, $.01 par value per share	G	25000	—	Acquired	80000	Indirect
2008-12-19	Common Stock, $.01 par value per share	G	25000	—	Acquired	80000	Indirect
2008-12-19	Common Stock, $.01 par value per share	G	25000	—	Acquired	80000	Indirect

Footnotes

F1: On December 19, 2008, Mr. Horowitz transferred by gift an aggregate of 75,000 shares to two trusts and a custodian account
for the benefit of his three children.