UNITED STATES
 
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):      July 8, 2016    
 
 

Network-1 Technologies, Inc.
(Exact name of registrant as specified in its charter)
 
 
 
Delaware
001-15288
11-3027591
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)


445 Park Avenue, Suite 912, New York, New York 10022
(Address of principal executive offices)
 


Registrant's telephone number, including area code:  (212) 829-5770


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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
 
Item 8.01
Other Events.
 
On July 8, 2016, Network-1 Technologies, Inc. issued a press release announcing that Mirror Worlds Technologies, LLC, its wholly-owned subsidiary, agreed to settle its patent litigation against Apple Inc. ("Apple") pending in the United States District Court for the Eastern District of Texas, Tyler Division, for infringement of U.S. Patent No. 6,006,227 (the " '227 Patent ").
 
Under the terms of the agreement, Apple will receive a fully paid up non-exclusive license to the '227 Patent and certain rights to other patents in Network-1's portfolio. Network-1 will receive $25 million from Apple for the settlement and fully paid up license.    A copy of the press release is attached as Exhibit 99.1.
 
 
 
 
Item 9.01
Financial Statements and Exhibits
 
(c)           Exhibits
 
Exhibit No.
Description
 
99.1
Press Release dated July 8, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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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 TECHNOLOGIES, INC.
  
   
 
 
 
  
Dated:    July 11, 2016
By:
/s/ Corey M. Horowitz  
    Name:   Corey M. Horowitz  
    Title:     Chairman & Chief Executive Officer  
       
 
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

 
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