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

Mar 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2008-02-28

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-28	Option to purchase common stock	$1.32	A	375000	Acquired	2013-02-28	Common stock (375000)	Direct

Footnotes

F1: The shares of common stock underlying the option vest in equal quarterly amounts of 93,750 shares beginning March 31, 2008
through December 31, 2008. The option was issued in accordance with the the Reporting Person's employment agreement with the
Issuer.