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

Feb 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2011-02-03

Reporting Person: KAHN DAVID C (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-03	Option to purchase common stock	$1.59	A	100000	Disposed	2016-02-03	Common Stock (100000)	Direct

Footnotes

F1: The option vests as follows: 50,000 shares on February 3, 2011 and 50,000 shares on February 3, 2012.