FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Glazer Louis   2. Issuer Name and Ticker or Trading Symbol Patient Safety Technologies, Inc [PSTX.OB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1800 CENTURY PARK EAST, SUITE 200 3. Date of Earliest Transaction (Month/Day/Year) 03/02/2006 (Street) LOS ANGELES, CA 90067 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 01/31/2006   A   60,000 A $ 0 126,600 D   Common Stock 03/02/2006   J   36,000 D (1) (4) 90,600 D   Common Stock 04/03/2006   J   60,000 D (2) (4) 30,600 D   Common Stock 07/08/2006   J   24,000 D (3) (4) 6,600 D   Common Stock 01/17/2007   A   15,000 A (5) $ 0 21,600 D   Common Stock 01/17/2007   J   15,000 D (5) (4) 6,600 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Options (right to buy)

$ 4.1

01/31/2006

A

90,000

01/31/2006

01/31/2016

Common Stock

90,000 (6)

(7)

144,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Glazer Louis 1800 CENTURY PARK EAST, SUITE 200 LOS ANGELES, CA 90067	X

Signatures

/s/ Loius Glazer		05/16/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Reporting Person transferred the acquired shares into the Reporting Person's Partnership of which he is a co-partner with the Reporting Person's spouse.
(2)	Reporting Person transferred out of his beneficial holdings 60,000 shares of the Issuer's common stock into the Reporting Person's Partnership of which he is a co-partner with the Reporting Person's spouse.
(3)	Reporting Person transferred the acquired shares into the Reporting Person's Partnership of which he is a co-partner with the Reporting Person's spouse.
(4)	No share price was assigned to the transfer.
(5)	Reporting Person transferred the acquired shares into the Reporting Person's Partnership of which he is a co-partner with the Reporting Person's spouse.
(6)	Stock options vested immediately on the date of the grant. Subsequently, 30,000 stock options were canceled.
(7)	Not applicable.

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