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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 VbIPc89urMHEDzN07U7Uyw==

<SEC-DOCUMENT>0001072613-03-000056.txt : 20030114
<SEC-HEADER>0001072613-03-000056.hdr.sgml : 20030114
<ACCEPTANCE-DATETIME>20030110170532
ACCESSION NUMBER:		0001072613-03-000056
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030106
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20030110

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NETWORK 1 SECURITY SOLUTIONS INC
		CENTRAL INDEX KEY:			0001065078
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				113027591
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24959
		FILM NUMBER:		03511180

	BUSINESS ADDRESS:	
		STREET 1:		1601 TRAPELO RD
		STREET 2:		RESERVOIR PLACE
		CITY:			WALTHAM
		STATE:			MA
		ZIP:			02451
		BUSINESS PHONE:		7815223400

	MAIL ADDRESS:	
		STREET 1:		1601 TRAPELO RD
		STREET 2:		RESERVOIR PLACE
		CITY:			WALTHAM
		STATE:			MA
		ZIP:			02451
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k_11679.txt
<DESCRIPTION>FORM 8-K DATED 01/06/03
<TEXT>
================================================================================


                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                             -----------------------


                                    Form 8-K

                                 CURRENT REPORT



                     Pursuant to Section 13 or 15(d) of the


                         Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):  January 6, 2003
                                                   -----------------------------


                       NETWORK-1 SECURITY SOLUTIONS, INC.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



        Delaware                    1-14896                      11-3027591
- --------------------------------------------------------------------------------
(State or other jurisdiction      (Commission                   (IRS Employer
    of incorporation)             File Number)               Identification No.)



        1601 Trapelo Road, Reservoir Place, Waltham, Massachusetts 02451
- --------------------------------------------------------------------------------
                    (Address of principal executive offices)



Registrant's telephone number, including area code:  (781) 522-3400


                                       N/A
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

================================================================================
<PAGE>
ITEM 5.  OTHER EVENTS AND REQUIRED FD DISCLOSURE
         ---------------------------------------

         Network-1 Security Solutions, Inc. (the "Company") issued a press
release on January 8, 2003 which included the following:

         Edward James has been elected interim Chief Executive Officer and Chief
Financial Officer of the Company. Mr. James also serves on the Board of
Directors of Network-1.

         The Company has terminated the employment of Richard Kosinski, as
President and Chief Executive Office, and Murray Fish, as Chief Financial
Officer and Secretary. Prior to their terminations, Mr. Kosinski and Mr. Fish
filed lawsuits against the Company seeking, among other things, severance and
bonus compensation and other benefits allegedly due them in the aggregate amount
of $400,000. The Company believes it has meritorious defenses to the claims
asserted.

         Edward James, age 54, CPA, MBA, has been an independent financial
consultant for various companies, venture capital firms and investors since
1993. The financial consulting services provided by Mr. James include
acquisition analysis, due diligence, business strategies and review of
investments. Mr. James has previously served as CFO for various start-up
companies.
<PAGE>
                                    SIGNATURE
                                    ---------

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                        NETWORK-1 SECURITY SOLUTIONS, INC.


Dated: January 10, 2003                 By: /s/ Edward James
                                            -----------------------------------
                                            Name: Edward James
                                            Title: Interim Chief Executive
                                            Officer and Chief Financial Officer

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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