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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
FORM 4
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940.
___ Check box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b)
1. Name and Address of Reporting Ray, William C.
Person 200 North Elm Street
Greensboro, NC 27401
2. Issuer Name and Ticker or Network Systems
Trading Symbol International, Inc. (NESI)
3. IRS Number of Reporting
Person, if an Entity (Voluntary)
4. Statement for Month/Year: February, 1998
5. If Amendment, Date of N/A
Original
6. Relationship of Reporting Officer
Person to Issuer
(Check all applicable)
7. Individual or Joint/Group _x__ Form filed by one
Filing (Check applicable line) Reporting Person
___ Form filed by more than
one Reporting Person.
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
1. Title of Security Common Stock
2. Transaction Date (Month/Day/Year) February 12, 1998
3. Transaction Code (Instr. 8) Code: G
V:
4. Securities Acquired (A) or Disposed Amt: 10,000
of (D)
(A) or (D) D
Price: $6.25
5. Amount of Securities Beneficially
Owned at 377,981
End of Month
6. Ownership form: Direct (D) or D
Indirect (I)
7. Nature of Indirect Beneficial
Ownership:
Table II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned (e.g., puts, calls, warrants, options, convertible
securities)
1. Title of Derivative Security N/A
2. Conversion or Exercise Price of
Derivative Security
3. Transaction Date (Month/Day/Year)
4. Transaction Code Code:
V:
5. Number of Derivative Securities Acquired (A)
(A) or Disposed of (D)
(D)
6. Date Exercisable and Expiration Date Date
(Month/Day/Year) Exercisable
Expiration
Date
7. Title and Amount of Underlying Securities Title
Amount
or Number
of Shares
8. Price of Derivative Security:
9. Number of Derivative Securities
Beneficially Owned at End of Month:
10. Ownership Form of Derivative Security:
Direct (D) or Indirect (I)
11. Nature of Indirect Beneficial Ownership
/s/ William C. Ray
Signature of Reporting Person
Date: 03/03/98
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