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

Mar 13, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI.OB)
CIK: 0001065078
Period of Report: 2009-03-11

Reporting Person: Ohana Laurent (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-03-11	Option to purchase common stock	$0.68	J	50000	Acquired	2010-09-16	Common Stock (50000)	Direct
2009-03-11	Option to purchase common stock	$0.68	J	50000	Acquired	2011-12-20	Common Stock (50000)	Direct
2009-03-11	Option to purchase common stock	$0.68	J	25000	Acquired	2013-01-02	Common Stock (25000)	Direct
2009-03-11	Option to purchase common stock	$0.68	J	25000	Acquired	2013-01-02	Common Stock (25000)	Direct
2009-03-11	Warrant to purchase common stock	$0.68	J	50000	Acquired	2010-05-21	Common Stock (50000)	Direct

Footnotes

F1: The exercise price of the previously issued derivative security (option or warrant) was reduced to $0.68 per share by the
Board of Directors on March 11, 2009.