SEC Form 5 · accession 0001072613-16-000538
NETWORK-1 TECHNOLOGIES, INC. · NTIP-NYSE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Corey M Horowitz
Officer — CEO and Chairman · Director · 10% Owner
Period of report
Dec 31, 2015
Accepted (ET)
Feb 3, 2016 · 3:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001065078
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par value per share | Dec 18, 2015 | G | 22,500 | $0.00 | D | 3,155,885 | D | |
| Common Stock, $.01 par value per shareF3 | Dec 18, 2015 | G | 15,000 | $0.00 | D | 2,744,384 | I | See footnote 3. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents gifts of shares of common stock (7,500 shares each) to two trusts and a custodian account, all for the benefit of the children of the reporting person.
- F2Represents gifts of 5,000 shares of common stock to each of three charities.
- F3Includes shares of common stock owned indirectly by Mr. Horowitz, and directly as follows: (i) 2,171,372 shares owned by CMH Capital Management Corp., an entity solely owned by Mr. Horowitz; (ii) 120,000 shares owned by CMH Capital Management Money Purchase Plan, of which Mr. Horowitz is the trustee, (iii) 67,471 shares owned by Donna Slavitt, the wife of Mr. Horowitz, (iv) an aggregate of 383,250 shares held by two trusts and a custodian account for the benefit of Mr. Horowitz's three children; and (v) 2,291 shares of common stock held by Horowitz Partners, a general partnership of which Mr. Horowitz is a partner.