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

Feb 27, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2012-02-24

Reporting Person: PONS ROBERT M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-24	Option to purchase common stock (right to buy)	$1.35	A	15000	Acquired	2017-02-24	Common Stock (15000)	Direct

Footnotes

F1: The options vest in four equal quarterly installments beginning on May 24, 2012, subject to Mr. Pons continuing to serve on the Board.