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

Jun 17, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2013-06-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-06-13	Common Stock, $.01 par value per share	M	750000	$.68	Acquired	2997930	Direct
2013-06-13	Common Stock, $.01 par value per share	F	425276	$1.93	Disposed	2572654	Direct
2013-06-13	Common Stock, $.01 par value per share	M	375000	$.68	Acquired	2947654	Direct
2013-06-13	Common Stock, $.01 par value per share	F	212637	$1.93	Disposed	2735017	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-06-13	Option to purchase common stock (right to buy)	$.68	M	750000	Disposed	2013-07-03	Common Stock (750000)	Direct
2013-06-13	Option to purchase common stock (right to buy)	$.68	M	375000	Disposed	2013-07-03	Common Stock (375000)	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: 264,249 shares delivered in connection with cashless exercise of option and 161,027 shares delivered to satisfy tax withholding.

F2: 132,124 shares delivered in connection with cashless exercise of option and 80,513 shares delivered to satisfy tax withholding.

F3: 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.