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

Jan 16, 2008

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI.OB)
CIK: 0001065078
Period of Report: 2007-09-13

Reporting Person: KAHN DAVID C (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-13	Option to Purchase Common Stock	$0.35	G	50000	Disposed	2014-01-12	Common Stock (50000)	Direct

Footnotes

F1: On September 13, 2007, Mr. Kahn transferred by gift options to purchase an aggregate of 50,000 shares to his two children
(25,000 shares each)