SEC Form 4 · accession 0001072613-16-000540
NETWORK-1 TECHNOLOGIES, INC. · NTIP-NYSE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Kahn
Officer — Chief Financial Officer · Director
Period of report
Feb 2, 2016
Accepted (ET)
Feb 4, 2016 · 4:08 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 | Feb 2, 2016 | M | 100,000 | $1.59 | A | 116,000 | D | |
| Common Stock, $.01 par value per shareF1 | Feb 2, 2016 | F | 56,420 | $2.04 | D | 59,580 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to purchase common stock (right to buy) | $1.59 | Feb 2, 2016 | M | 100,000 | D | Feb 3, 2011 | Feb 3, 2016 | Common Stock | 100,000 | 0 | D |
Explanation of responses
- F150,857 shares delivered by Mr. Kahn in connection with cashless (net) exercise of option and 5,563 shares delivered by Mr. Kahn to satisfy tax withholding.