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

Oct 2, 2013

SEC Form 4/A — Form 4/A

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2013-09-12

Reporting Person: KAHN DAVID C (Director, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-09-12	Common Stock, $.01 par value per share	M	10000	$0.68	Acquired	10000	Direct
2013-09-12	Common Stock, $.01 par value per share	A	65000	$0.68	Acquired	80118	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-09-12	Option to purchase common stock (right to buy)	$0.68	G	65000	Disposed	2013-09-13	Common Stock (65000)	Direct
2013-09-12	Option to purchase common stock (right to buy)	$0.68	G	65000	Acquired	2013-09-13	Common Stock (65000)	Indirect
2013-09-12	Option to purchase common stock (right to buy)	$0.68	M	10000	Disposed	2013-09-13	Common Stock (10000)	Direct

Footnotes

F1: The Reporting Person's daughter, Stephanie Kahn, exercised options to purchase 65,000 shares of common stock on September 12, 2013.

F2: Includes 80,118 shares of common stock owned by the Reporting Person's daughter, Stephanie Kahn. The Reporting Person disclaims beneficial ownership of the securities held by his daughter, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or any other purpose.

F3: On September 12, 2013, the Reporting Person made a gift to his daughter, Stephanie Kahn, of options to purchase 65,000 shares of common stock. Ms. Kahn exercised the options on the same day.