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OMB Number
3235-0145
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| RELIABILITY INC |
| (Name of Issuer) |
| Common Shares |
| (Title of Class of Securities) |
| 759903107 |
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(CUSIP Number)
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Jay Gottlieb
27 Misty Brook Lane
New Fairfield, CT 06812
914-275-6290
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
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April 19, 2009
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(Date of Event which Requires Filing of this Statement)
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CUSIP NO.
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1
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NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)JAY GOTTLIEB
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) o
(b) ¨
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF
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| 5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
o
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| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION
US
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON WITH
|
7
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SOLE VOTING POWER
4,886,588 Shares
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8
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SHARED VOTING POWER
0
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9
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SOLE DISPOSITIVE POWER
4,886,588 Shares
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10
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SHARED DISPOSITIVE POWER
0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,886,588 Shares
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
o
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| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
32.55 %
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| 14 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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| Common Shares | |
| Reliability Inc. | |
| 410 Park Avenue- 15th Fl. | |
| New York, New York 91362 |
| a. | Name |
| Jay Gottlieb | |
| b. | Residence or Business Address |
| 27 Misty Brook Lane | |
| New Fairfield, CT 06812 | |
| c. | Present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted: |
| Private Investor | |
| d. | Whether or not, during the last five years, such person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) and, if so, give the dates, nature of conviction, name and location of court, and penalty imposed, or other disposition of the case: |
| No | |
| e. | Whether or not, during the last five years, such person was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws; and, if so, identify and describe such proceedings and summarize the terms of such judgment, decree or final order: |
| None | |
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f.
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Citizenship |
| USA |
| Item 3. Source and Amount of Funds or Other Consideration | |
| Personal savings, approximately $ 17,000 | |
| Item 4. Purpose of Transaction | |
| a. | The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer; |
| Investment but also serve as Director as well as President, Secretary, and Treasurer of the Issuer and may be deemed an affiliate of the Issuer. | |
| b | An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; |
| Became Director of the Board and President, Secretary and Treasurer on or about April 19, 2009. | |
| c. | A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries; |
| N/A | |
| d. | Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; |
| Became Director of the Board and President, Secretary and Treasurer on or about April 19, 2009. | |
| e. | Any material change in the present capitalization or dividend policy of the issuer; |
| N/A | |
| f. | Any other material change in the issuer's business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940; |
| N/A | |
| g. | Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; |
| N/A | |
| h. | Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; |
| None | |
| i. | A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or |
| None | |
| j. | Any action similar to any of those enumerated above. |
| N/A | |
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a.
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State the aggregate number and percentage of the class of securities identified pursuant to Item 1 (which may be based on the number of securities outstanding as contained in the most recently available filing with the Commission by the issuer unless the filing person has reason to believe such information is not current) beneficially owned (identifying those shares which there is a right to acquire) by each person named in Item 2. The above mentioned information should also be furnished with respect to persons who, together with any of the persons named in Item 2, comprise a group within the meaning of Section 13(d)(3) of the Act;
4,886,588 shares (32.55%)
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b.
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For each person named in response to paragraph (a), indicate the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition. Provide the applicable information required by Item 2 with respect to each person with whom the power to vote or to direct the vote or to dispose or direct the disposition is shared;
4,886,588 shares (32.55%)
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c.
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Describe any transactions in the class of securities reported on that were effected during the past sixty days or since the most recent filing of Schedule 13D (§240.13d-191), whichever is less, by the persons named in response to paragraph (a).
On January 17, 2012, Issuer sold certain of its shares to the Issuer's two Directors, including the Reporting Person, at the preceding day's closing price of $0.016. The Reporting Person (i) paid $12,000 cash and (ii) converted the Reporting Person's $5,000 December 2, 2011 interest free loan into shares at the same then current price, being issued respectively 750,000 and 312,500 shares (an aggregate of 1,062,500). All of the shares of Reliability common stock were issued pursuant to Section 4(2) of the Securities Act of 1933, as amended, and pursuant to Rule 506 of the Securities and Exchange Commission to accredited investors, as defined under Rule 501.
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d.
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If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of an employee benefit plan, pension fund or endowment fund is not required.
N/A
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e.
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If applicable, state the date on which the reporting person ceased to be the beneficial owner of more than five percent of the class of securities.
N/A
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| April 5, 2012 | |
| Date | |
| Individual Investor | |
| /s/ Jay Gottlieb | |
| Signature | |
| Jay Gottlieb | |
| Individual Investor | |
| Name / Title |