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

Jan 6, 2012

SEC Form 4/A — Form 4/A

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2011-12-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-21	Common Stock, $.01 par value per share	M	515218	$0.13	Acquired	1640803	Direct
2011-12-21	Common Stock, $.01 par value per share	F	230234	$1.23	Disposed	1410569	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-21	Option to purchase common stock (right to buy)	$0.13	M	515218	Disposed	2011-12-22	Common Stock (515218)	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: 54,453 shares delivered in connection with cashless exercise of option and 175,781 shares to satisfy tax withholding.

F2: The shares 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.