NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2011

Dec 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2011-12-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-21	Common Stock, $.01 par value per share	M	512218	$0.13	Acquired	515218	Direct
2011-12-21	Common Stock, $.01 par value per share	F	230234	$1.23	Disposed	284984	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-21	Option to purchase common stock (right to buy)	$0.68	M	515218	Disposed	2011-12-22	Common Stock (515218)	Direct

Footnotes

F1: 54,453 shares delivered in connection with cashless exercise of option and 175,781 shares to satisfy tax withholding.