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

Jan 19, 2012

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2011-12-31

Reporting Person: HOROWITZ COREY M (Director, CEO and Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-14	Common Stock, $.01 par value per share	G	37500	—	Disposed	1410569	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.01 par value per share	2042800	Indirect

Footnotes

F1: Represents a gift of securities to two trusts and a custodian account, all for the benefit of the children of the reporting person.

F2: The securities are owned directly by CMH Capital Management Corp. and indirectly by Corey M. Horowitz. CMH Capital Management Corp. is an entity in which Corey Horowitz is the sole officer, director and shareholder.