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-OTC)
CIK: 0001065078
Period of Report: 2009-03-11

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-03-11	Option to purchase common stock	$0.68	J	375000	Acquired	2012-02-28	Common Stock (375000)	Direct
2009-03-11	Warrant to purchase common stock	$0.68	J	250000	Acquired	2010-10-08	Common Stock (250000)	Indirect
2009-03-11	Warrant to purchase common stock	$0.68	J	300000	Acquired	2011-07-11	Common Stock (300000)	Indirect
2009-03-11	Option to purchase common stock	$0.68	J	750000	Acquired	2010-04-18	Common Stock (750000)	Indirect
2009-03-11	Option to purchase common stock	$0.68	J	20000	Acquired	2011-10-20	Common Stock (20000)	Direct
2009-03-11	Option to purchase common stock	$0.68	J	10000	Acquired	2009-06-22	Common Stock (10000)	Direct
2009-03-11	Option to purchase common stock	$0.68	J	7500	Acquired	2009-10-25	Common Stock (7500)	Direct
2009-03-11	Option to purchase common stock	$0.68	J	5000	Acquired	2010-09-19	Common Stock (5000)	Direct
2009-03-11	Option to purchase common stock	$0.68	J	10625	Acquired	2011-01-19	Common Stock (10625)	Direct
2009-03-11	Option to purchase common stock	$0.68	J	1195361	Acquired	2012-03-16	Common Stock (1195361)	Direct
2009-03-11	Option to purchase common stock	$0.68	J	732709	Acquired	2012-04-16	Common Stock (732709)	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.

F2: The options or warrants are owned by CMH Capital Management Corp., an entity in which the reporting person is the sole
officer, director and stockholder.