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 Person William C.Ray
200 North Elm Street
Greensboro, NC 27401
2. Issuer Name and Ticker or Trading Symbol Network Systems
International, Inc.
(NESI)
3. IRS Number of Reporting Person, if an
Entity (Voluntary)
4. Statement for Month, Year March, 1999
5. If Amendment, Date of Original N/A
6. Relationship of Reporting Person to Issuer Officer
(Check all applicable)
7. Individual or Joint/Group Filing __x__ Form filed by
(Check Applicable Line) one 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 March 10, 1999
(Month/Day/Year)
3. Transaction Code Code: G
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D) Amount: 10,000 shares
(A) or (D) D
Price: $5.625
5. Amount of Securities Beneficially
Owned at End of Month 327,981
6. Ownership form:
Direct (D) or Indirect (I) D
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)Or Disposed of (D)
6. Date Exercisable and Expiration Date Date Exercisable:
(Month/Day/Year) Expiration Date:
7. Title and Amount of Underlying
Securities Title:
Amount of 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
Signature of Reporting Person
/s/ William C. Ray
William C. Ray
Date: April 12, 1999
