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

Dec 3, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI.OB)
CIK: 0001065078
Period of Report: 2008-12-01

Reporting Person: PONS ROBERT M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-01	Common Stock Purchase Option	$0.51	A	25000	Acquired	2013-12-01	Common Stock (25000)	Direct

Footnotes

F1: On December 1, 2008, Mr. Pons was issued a five year option to purchase 25,000 shares at an exercise price per share of
$0.51, which option vests quarterly over a one year period subject to Mr. Pons continuing to serve as a member of
the Board of Directors.