NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2014

Jun 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 TECHNOLOGIES INC (NTIP-OTC)
CIK: 0001065078
Period of Report: 2014-06-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-16	Common Stock, $.01 par value per share	M	1100000	$0.25	Acquired	3740292	Direct
2014-06-16	Common Stock, $.01 par value per share	F	546942	$1.91	Disposed	3193350	Direct
2014-06-16	Common Stock, $.01 par value per share	M	400000	$0.68	Acquired	3593350	Direct
2014-06-16	Common Stock, $.01 par value per share	F	250984	$1.91	Disposed	3342366	Direct
2014-06-16	Common Stock, $.01 par value per share	M	10000	$0.68	Acquired	3352366	Direct
2014-06-16	Common Stock, $.01 par value per share	F	6275	$1.91	Disposed	3346091	Direct
2014-06-16	Common Stock, $.01 par value per share	M	7500	$0.68	Acquired	3353591	Direct
2014-06-16	Common Stock, $.01 par value per share	F	4706	$1.91	Disposed	3348885	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-16	Option to purchase common stock (right to buy)	$0.25	M	1100000	Disposed	2014-11-26	Common Stock (1100000)	Direct
2014-06-16	Option to purchase common stock (right to buy)	$0.68	M	400000	Disposed	2014-11-26	Common Stock (400000)	Direct
2014-06-16	Option to purchase common stock (right to buy)	$0.68	M	10000	Disposed	2014-06-22	Common Stock (10000)	Direct
2014-06-16	Option to purchase common stock (right to buy)	$0.68	M	7500	Disposed	2014-10-25	Common Stock (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.01 par value per share	2583884	Indirect

Footnotes

F1: 143,979 shares delivered in connection with cashless exercise of option and 402,963shares to satisfy tax withholding.

F2: 142,409 shares delivered in connection with cashless exercise of option and 108,575 shares to satisfy tax withholding.

F3: 3,560 shares delivered in connection with cashless exercise of option and 2,714 shares to satisfy tax withholding.

F4: 2,670 shares delivered in connection with cashless exercise of option and 2,036 shares to satisfy tax withholding.

F5: 2,171,372 shares of common stock 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 342,750 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.