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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
Patient Safety Technologies, Inc.
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(Name of Issuer)
Common Stock, par value $0.33 per share
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(Title of Class of Securities)
70322H 10 6
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(CUSIP Number)
June 6, 2006
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(Date of Event Which Requires Filing of this Statement)
Check the following box to designate the rule pursuant to which the Schedule is
filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Persons who are to respond to the collection of information contained in this
form are not required to respond unless the form displays a currently valid OMB
control number.
Page 1 of 4 pages
CUSIP NO. 70322H 10 6
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1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Alan E. Morelli
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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3. SEC Use only
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4. Citizenship or Place of Organization United States
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5. Sole Voting Power 977,920 shares of Common Stock
Number of ---------------------------------------------------------------
Shares 6. Shared Voting Power None
Beneficially ---------------------------------------------------------------
Owned by Each 7. Sole Dispositive Power 977,920 shares of Common Stock
Reporting ---------------------------------------------------------------
Person With: 8. Shared Dispositive Power None
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 977,920
shares of Common Stock
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11. Percent of Class Represented by Amount in Row (9) 13.5% (as of
June 6, 2006)
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12. Type of Reporting Person (See Instructions)
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IN
Page 2 of 4 pages
Item 1.
(a) Name of Issuer
Patient Safety Technologies, Inc.
(b) Address of Issuer's Principal Executive Offices
1800 Century Park East, Suite 200
Los Angeles, CA 90067
Item 2.
(a) Name of Person Filing
Alan E. Morelli
(b) Address of Principal Business Offices or, if none, Residence
225 Mantua Road
Pacific Palisades, CA 90272
(c) Citizenship
United States
(d) Title of Class of Securities
Common Stock, par value $0.33 per share
(e) CUSIP Number
70322H 10 6
Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
Not applicable.
Item 4. Ownership
(a) Amount Beneficially Owned: 977,920 shares of Common Stock.
(b) Percent of Class: 13.5% (as of June 6, 2006).
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 977,920 shares of Common Stock.
(ii) Shared power to vote or to direct the vote: None.
(iii) Sole power to dispose or to direct the disposition of: 977,920 shares of Common Stock.
(iv) Shared power to dispose or to direct the disposition of: None.
Instruction: For computations regarding securities which represent a right
to acquire an underlying security see ss.240.13d-3(d)(1).
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
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.
Page 3 of 4 pages
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that that information set forth in this statement is true, complete and
correct.
June 16, 2006
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Date
/s/ Alan E. Morelli
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Signature
Alan E. Morelli
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Name/Title
Page 4 of 4 pages