Filing Details

Accession Number:
0000919574-10-007053
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-12-16 17:28:07
Reporting Period:
2010-12-14
Filing Date:
2010-12-16
Accepted Time:
2010-12-16 17:28:07
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1065078 Network 1 Security Solutions Inc NSSI Services-Prepackaged Software (7372) 113027591
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1176208 G A Jonathan Auerbach 101 Park Avenue
48Th Floor
New York NY 10178
No No Yes No
1353316 Hound Partners, Llc 101 Park Avenue
48Th Floor
New York NY 10178
No No Yes No
1375882 Hound Performance, Llc 101 Park Avenue
48Th Floor
New York NY 10178
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock $.01 Par Value Per Share Disposition 2010-12-14 40 $1.70 659,781 No 4 S Indirect By Hound Partners, LP
Common Stock $.01 Par Value Per Share Disposition 2010-12-14 48 $1.70 982,371 No 4 S Indirect By Hound Partners Offshore Fund, LP
Common Stock $.01 Par Value Per Share Disposition 2010-12-14 12 $1.70 175,331 No 4 S Indirect By Hound Partners, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Hound Partners, LP
No 4 S Indirect By Hound Partners Offshore Fund, LP
No 4 S Indirect By Hound Partners, LLC
Footnotes
  1. The securities may be deemed to be beneficially owned by (a) Hound Performance, LLC, the general partner of Hound Partners, LP; (b) Hound Partners, LLC, the investment manager of Hound Partners, LP and (c) Jonathan Auerbach, the managing member of Hound Performance, LLC and Hound Partners, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his or its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  2. The securities may be deemed to be beneficially owned by (a) Hound Performance, LLC, the general partner of Hound Partners Offshore Fund, LP; (b) Hound Partners, LLC, the investment manager of Hound Partners Offshore Fund, LP and (c) Jonathan Auerbach, the managing member of Hound Performance, LLC and Hound Partners, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his or its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  3. The securities may be deemed to be beneficially owned by (a) Hound Partners, LLC; (b) a separately managed account managed by Hound Partners, LLC and (c) Jonathan Auerbach, the managing member of Hound Partners, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his or its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.