4//SEC Filing
Ohana Laurent 4
Accession 0001072613-11-000789
CIK 0001065078other
Filed
Oct 16, 8:00 PM ET
Accepted
Oct 17, 3:24 PM ET
Size
24.3 KB
Accession
0001072613-11-000789
Insider Transaction Report
Form 4
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 totalExercise: $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 totalExercise: $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 totalExercise: $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 totalExercise: $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 totalExercise: $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 totalExercise: $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.
Issuer
NETWORK 1 SECURITY SOLUTIONS INC
CIK 0001065078
Entity typeother
Related Parties
1- filerCIK 0001332459
Filing Metadata
- Form type
- 4
- Filed
- Oct 16, 8:00 PM ET
- Accepted
- Oct 17, 3:24 PM ET
- Size
- 24.3 KB