Sec Form 4 Filing - KINDERHOOK, LP @ Patient Safety Technologies, Inc - 2014-01-22

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 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 KINDERHOOK, LP 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) _____ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) See Remarks (Last) (First) (Middle) TWO EXECUTIVE DRIVE, SUITE 585 3. Date of Earliest Transaction (MM/DD/YY) 01/22/2014 (Street) FORT LEE, NJ07024 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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, par value $0.0001 01/22/2014 S 2,170,139 D $ 2.2 1,747,044 D ( 1 ) ( 2 ) Common Stock, par value $0.0001 01/23/2014 S 737,625 D $ 2.2 1,009,419 D ( 1 ) ( 2 ) Common Stock, par value $0.0001 01/24/2014 S 49,500 D $ 2.2 959,919 D ( 1 ) ( 2 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other KINDERHOOK, LP TWO EXECUTIVE DRIVE SUITE 585 FORT LEE, NJ07024 See Remarks KINDERHOOK GP LLC TWO EXECUTIVE DRIVE, SUITE 585 FORT LEE, NJ07024 See Remarks KINDERHOOK PARTNERS, LLC TWO EXECUTIVE DRIVE, SUITE 585 FORT LEE, NJ07024 See Remarks Shah Tushar TWO EXECUTIVE DRIVE, SUITE 585 FORT LEE, NJ07024 See Remarks CLEARMAN STEPHEN J TWO EXECUTIVE DRIVE, SUITE 585 FORT LEE, NJ07024 See Remarks Signatures /s/ Tushar Shah, Managing Member of Kinderhook, LP's General Partner 01/24/2014 Signature of Reporting Person Date /s/ Tushar Shah, Managing Member of Kinderhook GP, LLC 01/24/2014 Signature of Reporting Person Date /s/ Tushar Shah, Managing Member of Kinderhook Partners, LLC 01/24/2014 Signature of Reporting Person Date /s/ Tushar Shah 01/24/2014 Signature of Reporting Person Date /s/ Stephen J. Clearman 01/24/2014 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Kinderhook Partners, LLC serves as the investment adviser to Kinderhook, LP (the "Partnership"). Kinderhook GP, LLC serves as the general partner (the "General Partner") to the Partnership, and Messrs. Tushar Shah and Stephen Clearman serve as the General Partner's managing members, responsible for making investment decisions with respect to the Partnership and, as a result, Mr. Shah and Mr. Clearman may be deemed to control such entities. In addition, Mr. Shah and Mr. Clearman are responsible for making investment decisions with respect to Kinderhook Partners, LLC. Accordingly, Mr. Shah and Mr. Clearman may be deemed to have a beneficial interest in the shares of Common Stock by virtue of their indirect control of the Partnership's, General Partner's and Kinderhook Partners, LLC's power to vote and/or dispose of the shares of Common Stock. ( 2 )Mr. Shah and Mr. Clearman disclaim beneficial ownership of the shares of Common Stock except to the extent of his respective pecuniary interest, if any, therein. Kinderhook Partners, LLC and the General Partner specifically disclaim beneficial ownership in the shares of Common Stock reported herein except to the extent of their pecuniary interest therein, if any.

Remarks: On November 13, 2013, Patient Safety Technologies, Inc. filed a Form 10-Q for the quarter ending September 30, 2013 and reported that as of October 30, 2013, Patient Safety Technologies, Inc. had 38,823,487 shares of Common Stock outstanding. Based on Patient Safety Technologies, Inc.'s reported shares outstanding as of October 30, 2013, Kinderhook, LP; Kinderhook GP, LLC; Kinderhook Partners, LLC; Tushar Shah; and Stephen J. Clearman were no longer the beneficial owners, directly or indirectly, of more than ten percent of any class of Patient Safety Technologies, Inc.'s equity securities registered pursuant to Section 12 of the U.S. Securities Exchange Act of 1934.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

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