NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2009

Jun 10, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2009-06-08

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-06-08	Option to purchase common stock	$0.83	A	750000	Acquired	2019-06-08	Common stock (750000)	Direct
2009-06-08	Option to purchase common stock	$0.68	J	400000	Acquired	2014-11-26	Common stock (400000)	Direct
2009-06-08	Option to purchase common stock	$0.68	J	10000	Acquired	2014-06-22	Common stock (10000)	Direct
2009-06-08	Option to purchase common stock	$0.68	J	7500	Acquired	2014-10-25	Common stock (7500)	Direct

Footnotes

F1: The shares of common stock underlying the option vest in equal quarterly amounts of 62,500 shares beginning June 30, 2009
through March 31, 2012.

F2: The options were issued pursuant to an Employment Agreement, dated June 8, 2009, between the issuer and the reporting
person.

F3: In accordance with the Employment Agreement, dated June 8, 2009, between the Issuer and the Reporting Person, the
expiration date of such options was extended for an additional 5 years.