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

Feb 2, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2012-01-27

Reporting Person: PEARLMAN EMANUEL R (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to purchase Common Stock (right to buy)	$1.21	2017-01-27	Common Stock (50000)		Direct
Option to purchase Common Stock (right to buy)	$1.21	2017-01-31	Common Stock ()		Direct

Footnotes

F1: The options vest in four equal quarterly installments beginning on April 26, 2012, subject to Mr. Pearlman continuing to serve as a Director of the Registrant

F2: The options vest in four equal quarterly installments beginning on April 30, 2012, subject to Mr. Pearlman continuing to serve as a Director of the Company