4//SEC Filing
HOROWITZ COREY M 4
Accession 0001072613-19-000232
CIK 0001065078other
Filed
Jul 15, 8:00 PM ET
Accepted
Jul 16, 7:24 PM ET
Size
13.5 KB
Accession
0001072613-19-000232
Insider Transaction Report
Form 4
NETWORK 1 TECHNOLOGIES INCNTIP-NYSE
HOROWITZ COREY M
DirectorCEO and Chairman10% Owner
Transactions
- Tax Payment
Common Stock, $.01 par value per share
2019-07-14$2.35/sh−56,813$133,511→ 3,610,369 total - Exercise/Conversion
Common Stock, $.01 par value per share
2019-07-14+125,000→ 3,667,182 total - Exercise/Conversion
Restricted Stock Units
2019-07-14−125,000→ 250,000 total→ Common Stock (125,000 underlying)
Holdings
- 2,291(indirect: By Horowitz Partners)
Common Stock, $.01 par value per share
- 67,470(indirect: By Spouse)
Common Stock, $.01 par value per share
- 416,250(indirect: By Trust)
Common Stock, $.01 par value per share
- 2,157,097(indirect: By CMH Capital Management Corp.)
Common Stock, $.01 par value per share
- 134,275(indirect: By CMH Capital Management Corp. Profit Sharing Plan)
Common Stock, $.01 par value per share
Footnotes (4)
- [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.
Documents
Issuer
NETWORK 1 TECHNOLOGIES INC
CIK 0001065078
Entity typeother
Related Parties
1- filerCIK 0001078774
Filing Metadata
- Form type
- 4
- Filed
- Jul 15, 8:00 PM ET
- Accepted
- Jul 16, 7:24 PM ET
- Size
- 13.5 KB