FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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

OMB APPROVAL OMB Number: 3235-0104 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person *   ADAMS WILLIAM M 2. Date of Event Requiring Statement (Month/Day/Year) 02/28/2007 3. Issuer Name and Ticker or Trading Symbol Patient Safety Technologies, Inc [PSTX.OB] (Last) (First) (Middle) 1800 CENTURY PARK EAST, SUITE 200 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) LOS ANGELES, CA 90067 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 Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock, $0.33 par value 26,261 (1) (2) D   Common Stock, $0.33 par value 40,000 (3) D   Common Stock, $0.33 par value 15,756 (5) D Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	Persons who 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.

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

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (right to buy)	04/21/2006(4)	04/21/2016	Common Stock	300,000	$ 3.5	D	Â
Warrants (3)	03/07/2007	03/07/2012	Common Stock	20,000	$ 2	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ADAMS WILLIAM M 1800 CENTURY PARK EAST, SUITE 200 LOS ANGELES, CA 90067	Â	Â	  President	Â

Signatures

/s/ William B. Adams		05/15/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	The Reporting Person was appointed as the President of the Issuer on February 28, 2007.
(2)	The Reporting Person acquired 26,261 shares of common stock of the Issuer in lieu of compensation due under the consulting agreement entered into by and between the Issuer and the Reporting Person.
(3)	The Reporting Person purchased 40,000 shares of the Issuer's common stock at a price of $1.25 per share and warrants underlying 20,000 shares of the Issuer's common stock exercisable at $2.00 per share on March 7, 2007.
(4)	One-third of such options will vest annually over three years beginning April 18, 2007. However, all of the options will vest immediately upon a change of control transaction of Surgicount Medical, Inc., a wholly owned subsidiary of the Issuer.
(5)	Such shares are jointly owned by the Reporting Person with his spouse.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential 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 number.