SEC Form 4 · accession 0001072613-18-000412

NETWORK-1 TECHNOLOGIES, INC. · NTIP-NYSE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO and Chairman · Director · 10% Owner

Period of report

Jul 14, 2018

Accepted (ET)

Jul 17, 2018 · 3:21 pm EDT

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^F1	Jul 14, 2018	A	375,000	$0.00	A	4,749,385	D
Common Stock, $.01 par value per share^F2	Jul 14, 2018	F	172,313	$2.87	D	4,577,072	D
Common Stock, $.01 par value per share^F4	holding	—	—		—	2,165,472	I	By CMH Capital Management Corp.
Common Stock, $.01 par value per share^F4	holding	—	—		—	67,471	I	By spouse
Common Stock, $.01 par value per share^F4	holding	—	—		—	383,250	I	By trust / custodian
Common Stock, $.01 par value per share^F4	holding	—	—		—	2,291	I	By Horowitz Partners
Common Stock, $.01 par value per share^F4	holding	—	—		—	125,900	I	By CMH Capital Management Corp. Profit Sharing Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3	—	Jul 14, 2018	M	375,000	D	—	—	Common Stock	375,000	375,000	D

F1Each restricted stock unit represents a contingent right to receive one share of common stock.
F2172,313 shares of common stock were delivered by Mr. Horowitz to satisfy withholding taxes resulting in net shares issued to Mr. Horowitz of 202,687.
F3375,000 restricted stock units vested on July 14, 2018 in accordance with Mr. Horowitz's employment agreement, dated July 14, 2016, with the Issuer.
F4Includes 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; and (v) 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.