NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2016

Dec 12, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 TECHNOLOGIES INC (NTIP-NYSE)
CIK: 0001065078
Period of Report: 2016-12-09

Reporting Person: Hoffman Allison C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-09	Common Stock, $.01 par value per share	M	3750	—	Acquired	15000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-09	Restricted Stock Units	$	M	3750	Disposed		Common Stock (3750)	Direct

Footnotes

F1: Includes 3,750 shares of common stock delivered pursuant to restricted stock units granted to the reporting person on June 9, 2016 that vested on December 9, 2016 and are deliverable to the reporting person on the vesting date. Also includes (i) 3,750 shares delivered pursuant to restricted stock units that vested on September 9, 2016 and (ii) 7,500 shares delivered pursuant to restricted stock units that vested on the date of grant, June 9, 2016 (as previously reported on the reporting person's Form 4 filed on June 13, 2016).

F2: Each restricted stock unit represents a contingent right to receive one share of common stock.

F3: The restricted stock units vested on December 9, 2016. The shares are deliverable to the reporting person upon the vesting date.