NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2019

Jul 16, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 TECHNOLOGIES INC (NTIP-NYSE)
CIK: 0001065078
Period of Report: 2019-07-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-14	Common Stock, $.01 par value per share	M	125000	—	Acquired	3667182	Direct
2019-07-14	Common Stock, $.01 par value per share	F	56813	$2.35	Disposed	3610369	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-14	Restricted Stock Units	$	M	125000	Disposed		Common Stock (125000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.01 par value per share	2157097	Indirect
Common Stock, $.01 par value per share	67470	Indirect
Common Stock, $.01 par value per share	416250	Indirect
Common Stock, $.01 par value per share	2291	Indirect
Common Stock, $.01 par value per share	134275	Indirect

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of common stock.

F2: 56,813 shares of common stock were delivered by Mr. Horowitz to satisfy withholding taxes resulting in net shares issued to Mr. Horowitz of 68,187.

F3: 125,000 restricted stock units vested on July 14, 2019 in accordance with Mr. Horowitz's employment agreement, dated July 14, 2016, with the Issuer.

F4: Includes shares of common stock owned indirectly by Mr. Horowitz, and directly as follows: (i) 2,157,097 shares owned by CMH Capital Management Corp., an entity solely owned by Mr. Horowitz; (ii) 67,470 shares owned by Donna Slavitt, the wife of Mr. Horowitz, (iii) an aggregate of 416,250 shares held by two trusts and a custodian account for the benefit of Mr. Horowitz's three children; (iv) 2,291 shares of common stock held by Horowitz Partners, a general partnership of which Mr. Horowitz is a partner; and (v) 134,275 shares of common stock owned by CMH Capital Management Corp. Profit Sharing Plan, an entity of which Mr. Horowitz, as trustee, has sole voting and investment power with respect to the shares.