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

Feb 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI.OB)
CIK: 0001065078
Period of Report: 2012-01-31

Reporting Person: PONS ROBERT M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-31	Option to purchase common stock (right to buy)	$1.21	M	10000	Disposed	2017-01-31	Common Stock (10000)	Direct

Footnotes

F1: The options vest in four equal quarterly installments beginning on April 30, 2012, subject to Mr. Pons continuing to serve on the Board.