NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2013

Oct 9, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2013-10-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-07	Common Stock, $.01 par value per share	M	250000	$.68	Acquired	2985017	Direct
2013-10-07	Common Stock, $.01 par value per share	F	153475	$1.70	Disposed	2831542	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-10-07	Warrant to purchase common stock (right to buy)	$.68	M	250000	Disposed	2013-10-08	Common Stock (250000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.01 par value per share	2563634	Indirect

Footnotes

F1: 100,000 shares delivered in connection with cashless exercise of option and 53,475 shares to satisfy tax withholding.

F2: 2,171,372 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. 67,471 shares are owned by Donna Slavitt, the wife of Mr. Horowitz, an aggregate of 322,500 shares are held by two trusts and a custodian account for the benefit of Mr. Horowitz's three children, and 2,291 shares are held by Horowitz Partners, a general partnership of which Mr. Horowitz is a partner.