Ohana Laurent 4

4 · NETWORK 1 SECURITY SOLUTIONS INC · Filed Oct 17, 2011

Insider Transaction Report

Form 4

Period: 2011-10-13

NETWORK 1 SECURITY SOLUTIONS INCNSSI-OTC

Ohana Laurent

Director

Transactions

Exercise/Conversion
Common Stock, $.01 par value per share
2011-10-13$0.68/sh+200,000$136,000→ 200,000 total
Exercise/Conversion
Option to purchase common stock (right to buy)
2011-10-13−50,000→ 0 total
Exercise: $0.68From: 2004-12-21Exp: 2014-05-21→ Common Stock (50,000 underlying)
Exercise/Conversion
Common Stock, $.01 par value per share
2011-10-13$0.51/sh+25,000$12,750→ 124,259 total
Exercise/Conversion
Option to purchase common stock (right to buy)
2011-10-13−25,000→ 0 total
Exercise: $0.68From: 2008-01-02Exp: 2013-01-02→ Common Stock (25,000 underlying)
Exercise/Conversion
Option to purchase common stock (right to buy)
2011-10-13−25,000→ 0 total
Exercise: $0.68From: 2008-01-02Exp: 2013-01-02→ Common Stock (25,000 underlying)
Tax Payment
Common Stock, $.01 par value per share
2011-10-13$1.35/sh−9,444$12,749→ 114,815 total
Disposition to Issuer
Common Stock, $.01 par value per share
2011-10-15$1.35/sh−114,815$155,000→ 0 total
Exercise/Conversion
Option to purchase common stock (right to buy)
2011-10-13−50,000→ 0 total
Exercise: $0.68From: 2006-12-20Exp: 2014-12-20→ Common Stock (50,000 underlying)
Exercise/Conversion
Option to purchase common stock (right to buy)
2011-10-13−25,000→ 0 total
Exercise: $0.51From: 2008-12-01Exp: 2013-12-01→ Common Stock (25,000 underlying)
Exercise/Conversion
Option to purchase common stock (right to buy)
2011-10-13−50,000→ 0 total
Exercise: $0.68From: 2005-09-16Exp: 2015-09-16→ Common Stock (50,000 underlying)
Tax Payment
Common Stock, $.01 par value per share
2011-10-13$1.35/sh−100,741$136,000→ 99,259 total

Footnotes (4)

[F1]Reflects shares tendered to the Issuer by the Reporting Person to pay for the aggregate exercise price of options and warrants in Table II exercised on a net exercise (cashless) basis based on the market price of $1.35 per share.
[F2]Represents the sale to the Issuer of the shares acquired by the Reporting Person on October 13, 2011 by exercise of the options and warrants in Table II on a net exercise (cashless) basis.
[F3]Represents the exercise of options to purchase common stock.
[F4]Represents the exercise of warrants to purchase common stock.

Documents

1 file

4
ohana4-101311_17206.xmlPrimary
NETWORK-1 SECURITY SOLUTIONS, INC.