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

Apr 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2012-04-11

Reporting Person: PONS ROBERT M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-11	Option to purchase common stock (right to buy)	$1.40	A	125000	Acquired	2017-04-11	Common Stock (125000)	Direct

Footnotes

F1: The options vest over a one-year period in four equal quarterly installments beginning on July 11, 2012, subject to Mr. Pons continuing to serve on the special committee of the Board of Directors.