-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ua1FMdDYLvqBovw4vOG4kr+8XvgdIpt4h2Bpf4TH0kbYoTXYf/6+M5HTB8DjkARO elGUhlsPudZLXnjD4sOVcw== 0001072613-01-500258.txt : 20010223 0001072613-01-500258.hdr.sgml : 20010223 ACCESSION NUMBER: 0001072613-01-500258 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010214 GROUP MEMBERS: CMH CAPITAL MANAGEMENT CORP. GROUP MEMBERS: HOROWITZ COREY M SUBJECT COMPANY: 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: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-54909 FILM NUMBER: 1541714 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HOROWITZ COREY M CENTRAL INDEX KEY: 0001078774 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 885 THIRD AVENUE STREET 2: C/O CMH CAPITAL MANAGEMENT CORP CITY: NEW YORK STATE: NY ZIP: 10021 BUSINESS PHONE: 2128295770 MAIL ADDRESS: STREET 1: C/O CMH CAPITAL MANAGEMENT CORP STREET 2: 885 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10021 SC 13G/A 1 sc13g_10573b.txt SCHEDULE 13G/A FOR COREY M. HOROWITZ ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2) Network-1 Security Solutions, Inc. ---------------------------------- (Name of Issuer) Common Stock, $.01 par value ------------------------------------------ (Title of Class of Securities) 64121N 10 9 -------------------- (CUSIP Number) December 31, 2000 ------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |_| Rule 13d-1(b) |_| Rule 13d-1(c) |X| Rule 13d-1(d) ================================================================================ Page 1 of 7 SCHEDULE 13G CUSIP No. 64121N 10 9 Page 2 of 7 Pages - -------------------------------------------------------------------------------- 1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Corey M. Horowitz - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER NUMBER 608,271 OF ------------------------------------------------- SHARES 6) SHARED VOTING POWER BENEFICIALLY OWNED BY 284,218 (See Item 4) EACH ------------------------------------------------- REPORTING 7) SOLE DISPOSITIVE POWER PERSON WITH: 608,271 ------------------------------------------------- 8) SHARED DISPOSITIVE POWER 284,218 (See Item 4) - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 892,489 (See Item 4) - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.4% (See Item 4) - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON IN ================================================================================ Page 2 of 7 SCHEDULE 13G CUSIP No. 64121N 10 9 Page 3 of 7 Pages - -------------------------------------------------------------------------------- 1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) CMH Capital Management Corp. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER NUMBER 280,399 OF ------------------------------------------------- SHARES 6) SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------- REPORTING 7) SOLE DISPOSITIVE POWER PERSON WITH: 280,399 ------------------------------------------------- 8) SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 280,399 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.2% (See Item 4) - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON CO ================================================================================ Page 3 of 7 Schedule 13G ------------ ITEM 1(A). NAME OF ISSUER: Network-1 Security Solutions, Inc. ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: Reservoir Place, 1601 Trapelo Road, Waltham, Massachusetts 02451 ITEM 2(A). NAME OF PERSON FILING: This statement is being filed by Corey Horowitz and CMH Capital Management Corp. ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the principal business office of Corey Horowitz is c/o CMH Capital Management Corp., 885 Third Avenue, New York, New York 10022. The address of the principal business office of CMH Capital Management Corp. is 885 Third Avenue, New York, New York 10022. ITEM 2(C). CITIZENSHIP: Corey Horowitz is a citizen of the United States of America. CMH Capital Management Corp. is a New York corporation. ITEM 2(D). TITLE OF CLASS OF SECURITIES: Common Stock, par value $.01 per share ITEM 2(E). CUSIP NUMBER: 64121N 10 9 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: (a) |_| Broker or dealer registered under Section 15 of the Exchange Act. (b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act. (c) |_| Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) |_| Investment company registered under Section 8 of the Investment Company Act. (e) |_| Investment adviser in accordance with Rule 13d-1(b)(1) (ii)(E). (f) |_| Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) |_| Parent holding company or control person in accordance with Rule 13d-1(b)(ii)(G). Page 4 of 7 (h) |_| Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) |_| Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) |_| Group, in accordance with Rule 13d-1(b)(ii)(J). ITEM 4. OWNERSHIP. (a)-(b) Corey Horowitz beneficially owns an aggregate of 892,489 shares of Common Stock, representing approximately 13.4% of the Common Stock outstanding. Mr. Horowitz is the record holder of 608,271 of such shares of Common Stock (including currently exercisable options and warrants for 40,000 and 81,968 shares, respectively), representing approximately 9.1% of the Common Stock outstanding. CMH Capital Management Corp. ("CMH"), a corporation whose sole stockholder and officer is Mr. Horowitz, is the record holder of 280,399 of such shares of Common Stock (including currently exercisable warrants for 124,936 shares), representing approximately 4.2% of the Common Stock outstanding. Horowitz Partners, a general partnership whose partners include Mr. Horowitz, is the record holder of 2,291 of such shares of Common Stock, representing less than 1% of the Common Stock Outstanding. Mr. Horowitz's wife is the record holder of 1,528 of such shares of Common Stock, representing less than 1% of the Common Stock Outstanding. (c) By reason of his position as sole stockholder and officer of CMH, Mr. Horowitz may be deemed to possess the power to vote and dispose of the shares of Common Stock owned by CMH. By reason of his position as a general partner of Horowitz Partners, Mr. Horowitz may be deemed to possess the power to vote and dispose of the shares of Common Stock owned by Horowitz Partners. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. CMH now owns less than 5% of the Common Stock. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable ITEM 10. CERTIFICATION. Not applicable Page 5 of 7 SIGNATURE --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2001 /s/Corey M. Horowitz --------------------------------- Corey M. Horowitz CMH CAPITAL MANAGEMENT CORP. By: /s/Corey M. Horowitz ----------------------------- Corey M. Horowitz, President Page 6 of 7 EXHIBIT 1 AGREEMENT OF JOINT FILING Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned persons hereby agree to file with the Securities and Exchange Commission the Statement on Schedule 13G (the "Statement") to which this Agreement is attached as an exhibit, and agree that such Statement, as so filed, is filed on behalf of each of them. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of February 13, 2001. /s/Corey M. Horowitz ------------------------------------ Corey M. Horowitz CMH CAPITAL MANAGEMENT CORP. By: /s/Corey M. Horowitz ------------------------------- Corey M. Horowitz, President Page 7 of 7 -----END PRIVACY-ENHANCED MESSAGE-----