LIEBER SETH 4

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

Form 4

Period: 2004-04-13

10% Owner

Transactions

Other
Common Stock
2004-04-13+29,480→ 34,136 total
Other
Common Stock
2004-04-13+88,443→ 106,809 total(indirect: By Applegreen Partners)
Other
Common Stock
2004-04-13+18,868→ 18,868 total(indirect: By Wheatley Foreign Partners, L.P.)
Other
Series E Convertible Preferred Stock
2004-04-13−7,547→ 0 total(indirect: By Wheatley Foreign Partners, L.P.)
→ Common Stock (18,868 underlying)
Other
Series E Convertible Preferred Stock
2004-04-13−94,339→ 0 total(indirect: By Wheatley Partners II, L.P.)
→ Common Stock (235,848 underlying)
Other
Common Stock
2004-04-13+235,848→ 1,430,507 total(indirect: By Wheatley Partners II, L.P.)
Other
Series D Convertible Preferred Stock
2004-04-13−8,672→ 0 total(indirect: By Applegreen Partners)
→ Common Stock (18,366 underlying)
Other
Series E Convertible Preferred Stock
2004-04-13−86,792→ 0 total(indirect: By Wheatley Partners, L.P.)
→ Common Stock (216,980 underlying)
Other
Common Stock
2004-04-13+18,366→ 18,366 total(indirect: By Applegreen Partners)
Other
Series E Convertible Preferred Stock
2004-04-13−11,792→ 0 total
→ Common Stock (29,480 underlying)
Other
Common Stock
2004-04-13+216,980→ 216,980 total(indirect: By Wheatley Partners, L.P.)
Other
Series E Convertible Preferred Stock
2004-04-13−35,377→ 0 total(indirect: By Applegreen Partners)
→ Common Stock (88,443 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 his 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