SEC Form 5 · accession 0001072613-17-000070
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, 2016
Accepted (ET)
Feb 10, 2017 · 3:35 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 shareF1 | Dec 28, 2016 | G | 11,500 | $0.00 | D | 3,144,385 | D | |
| Common Stock, $.01 par value per shareF2 | Dec 30, 2016 | G | 20,000 | $0.00 | D | 3,124,385 | D | |
| Common Stock, $.01 par value per shareF3,F4 | holding | — | — | — | 2,744,384 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents gifts (charitable contributions) of an aggregate of 11,500 shares of common stock to three charities.
- F2Represents a gift (charitable contribution) of 20,000 shares of common stock to a donor advised fund.
- F3Includes shares of common stock owned indirectly by Mr. Horowitz, and directly as follows: (i) 2,165,472 shares owned by CMH Capital Management Corp., an entity solely owned by Mr. Horowitz; (ii) 67,471 shares owned by Donna Slavitt, the wife of Mr. Horowitz, (iii) an aggregate of 383,250 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.
- F4Includes 125,900 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. Since the date of the reporting person's last report, 5,900 shares previously owned by CMH Capital Management Corp. were contributed to CMH Capital Management Corp. Profit Sharing Plan, and 120,000 shares previously owned by CMH Capital Management Money Purchase Plan were transferred to CMH Capital Management Corp. Profit Sharing Plan.