RUBENSTEIN MARILYN 4

4 · NETWORK 1 SECURITY SOLUTIONS INC · Filed Apr 15, 2004

Insider Transaction Report

Form 4

Period: 2004-04-13

NETWORK 1 SECURITY SOLUTIONS INCNSSI.PK

RUBENSTEIN MARILYN

10% Owner

Transactions

Other
Series E Convertible Preferred Stock
2004-04-13−165,094→ 0 total(indirect: By Seneca Ventures)
→ Common Stock (412,735 underlying)
Other
Common Stock
2004-04-13+73,468→ 73,468 total(indirect: By Woodland Partners)
Other
Common Stock
2004-04-13+235,848→ 309,316 total(indirect: By Woodland Partners)
Other
Common Stock
2004-04-13+146,838→ 298,566 total(indirect: By Woodland Venture Fund)
Other
Series E Convertible Preferred Stock
2004-04-13−117,924→ 0 total(indirect: By Brookwood Partners, L.P.)
→ Common Stock (294,810 underlying)
Other
Common Stock
2004-04-13+530,660→ 829,226 total(indirect: By Woodland Venture Fund)
Other
Common Stock
2004-04-13+412,735→ 619,983 total(indirect: By Seneca Ventures)
Other
Series D Convertible Preferred Stock
2004-04-13−69,379→ 0 total(indirect: By Woodland Venture Fund)
→ Common Stock (146,838 underlying)
Other
Series D Convertible Preferred Stock
2004-04-13−495→ 0 total
→ Common Stock (1,049 underlying)
Other
Common Stock
2004-04-13+294,810→ 294,810 total(indirect: By Brookwood Partners, L.P.)
Other
Series E Convertible Preferred Stock
2004-04-13−212,264→ 0 total(indirect: By Woodland Venture Fund)
→ Common Stock (530,660 underlying)
Other
Series D Convertible Preferred Stock
2004-04-13−34,689→ 0 total(indirect: By Woodland Partners)
→ Common Stock (73,468 underlying)
Other
Common Stock
2004-04-13+1,049→ 1,049 total
Other
Series E Convertible Preferred Stock
2004-04-13−94,339→ 0 total(indirect: By Woodland Partners)
→ Common Stock (235,848 underlying)

Footnotes (4)

[F1]Pursuant to an Exchange Agreement by and among the Company and the holders of the Company's Series D Convertible Preferred Stock and Series E Convertible Preferred Stock, the Series D Convertible Preferred Stock and Series E Convertible Preferred Stock owned by the Reporting Person were exchanged for shares of Common Stock.
[F2]The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
[F3]The Series D Convertible Preferred Stock and the Series E Convertible Preferred Stock became convertible upon issuance.
[F4]The Series D Convertible Preferred Stock and the Series E Convertible Preferred Stock do not have an expiration date.

Documents

1 file

4
d04-59263_ex.xmlPrimary