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

Apr 11, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 TECHNOLOGIES INC (NTIP-OTC)
CIK: 0001065078
Period of Report: 2014-04-09

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-04-09	Option to purchase common stock (right to buy)	$1.65	A	50000	Acquired	2019-04-09	Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.01 par value per share	16000	Direct
Common Stock, $.01 par value per share	103290	Indirect

Footnotes

F1: Includes 82,000 shares of common stock owned by Stephanie Kahn, a daughter of David Kahn and 21,290 shares of common stock owned by Rebecca Kahn, also a daughter of David Kahn. The Reporting Person disclaims beneficial ownership of the securities held by his daughters, 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.

F2: The option vests over a two year period in two equal annual installments of 25,000 shares on December 31, 2014 and December 31, 2015.