SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

PUSEY GREGORY

(Last)

(First)

(Middle)

106 S UNIVERSITY BLVD., #14

(Street)

DENVER

80209

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
A4S SECURITY, INC. [ SWAT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Secretary

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2005

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/02/2005		J⁽¹⁾		209,519	A	⁽²⁾	253,034	D
Common Stock	12/02/2005		J⁽¹⁾		6,237	A	⁽²⁾	56,203⁽³⁾⁽⁴⁾	I	By Spouse
Common Stock	12/02/2005		J⁽¹⁾		2,399	A	⁽²⁾	24,040	I	By Spouse as custodian for child
Common Stock	12/02/2005		J⁽⁵⁾		462,801	D	⁽⁶⁾	0	I	By Cambridge Holdings, Ltd.
Common Stock								1,000	I	By IRA

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrant (right to buy)	$3.5							⁽⁸⁾	10/28/2014	Common Stock	54,348		54,348	D
Options (right to buy)	$3.5							⁽⁹⁾	03/01/2015	Common Stock	21,739		21,739	D
Warrant (right to buy)	$18.4							⁽¹⁰⁾	12/31/2006	Common Stock	679		679	D
Warrant (right to buy)	$1.66							⁽¹⁰⁾	09/30/2007	Common Stock	543		543	D
Warrant (right to buy)	$5.15							⁽¹⁰⁾	06/23/2007	Common Stock	2,431		2,431	D
Warrant (right to buy)	$9							⁽¹⁰⁾	07/18/2010	Common Stock	1,000		1,000	I	By IRA
Warrant (right to buy)	$1.66							⁽¹⁰⁾	09/30/2007	Common Stock	272		272⁽⁴⁾	I	By spouse as custodian for child
Warrant (right to buy)	$9							⁽¹⁰⁾	07/18/2010	Common Stock	5,000		5,000⁽⁷⁾	I	By Cambridge Holdings Ltd
Warrant (right to buy)	$18.4							⁽¹⁰⁾	12/31/2006	Common Stock	1,698		1,698⁽⁷⁾	I	By Camgbridge Holdings, Ltd.
Warrant (right to buy)	$1.66							⁽¹⁰⁾	09/30/2007	Common Stock	5,435		5,435⁽⁷⁾	I	By Cambridge Holdings, Ltd.

Explanation of Responses:

1. These shares were acquired as part of a distribution of substantially all of the assets of Cambridge Holdings, Ltd. to its shareholders in connection with the plan of liquidation approved by Cambridge's shareholders.

2. The shares were acquired on a pro rata basis at the rate of 0.13185 shares of A4S Security, Inc. per Cambridge common share.

3. This includes 5,235 shares distributed to the reporting person's spouse.

4. The reporting person disclaims beneficial ownership of these securites, and this report shall not be deemded an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

5. The shares were distributed as part of a distribution of substanially all of the assets of Cambridge Holdings, Ltd. to its shareholders in connection with the plan of liquidation approved by Cambridge's shareholders.

6. The shares were distributed on a pro rata of 0.13185 shares of A4S Security, Inc. per Cambridge common share.

7. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. Mr. Pusey is the president, principal shareholder and a director of Cambridge Holdings, Ltd.

8. The options are exercisable in one-third annual installements commencing October 29, 2005.

9. The options are exercisable in one-quarter annual installments commecing March 2, 2005.

10. The warrants are currently exercisable

Remarks:

There are no other changes in securities owned by the reporting person.

	/s/ Gregory Pusey	12/05/2005
	** Signature of Reporting Person	Date
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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