NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2012

Dec 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2012-12-19

Reporting Person: PONS ROBERT M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-19	Common Stock, $.01 par value per share	M	50000	$0.68	Acquired	100000	Direct
2012-12-19	Common Stock, $.01 par value per share	F	29825	$1.14	Disposed	70175	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-19	Option to purchase common stock (right to buy)	$0.68	M	50000	Disposed	2013-01-02	Common Stock (0)	Direct

Footnotes

F1: Delivered in connection with cashless exercise of options.