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NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2011
Oct 17, 2011
34749_dirs_2011-10-17_962fdc88-f27b-4f89-ab90-a4b68933d40b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2011-10-13
Reporting Person: Ohana Laurent (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-10-13 | Common Stock, $.01 par value per share | M | 200000 | $0.68 | Acquired | 200000 | Direct |
| 2011-10-13 | Common Stock, $.01 par value per share | F | 100741 | $1.35 | Disposed | 99259 | Direct |
| 2011-10-13 | Common Stock, $.01 par value per share | M | 25000 | $0.51 | Acquired | 124259 | Direct |
| 2011-10-13 | Common Stock, $.01 par value per share | F | 9444 | $1.35 | Disposed | 114815 | Direct |
| 2011-10-15 | Common Stock, $.01 par value per share | D | 114815 | $1.35 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-10-13 | Option to purchase common stock (right to buy) | $0.68 | M | 50000 | Disposed | 2015-09-16 | Common Stock (50000) | Direct |
| 2011-10-13 | Option to purchase common stock (right to buy) | $0.68 | M | 50000 | Disposed | 2014-12-20 | Common Stock (50000) | Direct |
| 2011-10-13 | Option to purchase common stock (right to buy) | $0.68 | M | 25000 | Disposed | 2013-01-02 | Common Stock (25000) | Direct |
| 2011-10-13 | Option to purchase common stock (right to buy) | $0.68 | M | 25000 | Disposed | 2013-01-02 | Common Stock (25000) | Direct |
| 2011-10-13 | Option to purchase common stock (right to buy) | $0.51 | M | 25000 | Disposed | 2013-12-01 | Common Stock (25000) | Direct |
| 2011-10-13 | Option to purchase common stock (right to buy) | $0.68 | M | 50000 | Disposed | 2014-05-21 | Common Stock (50000) | Direct |
Footnotes
F1: Reflects shares tendered to the Issuer by the Reporting Person to pay for the aggregate exercise price of options and warrants in Table II exercised on a net exercise (cashless) basis based on the market price of $1.35 per share.
F2: Represents the sale to the Issuer of the shares acquired by the Reporting Person on October 13, 2011 by exercise of the options and warrants in Table II on a net exercise (cashless) basis.
F3: Represents the exercise of options to purchase common stock.
F4: Represents the exercise of warrants to purchase common stock.