Form 13d-2a

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EAaF03oBv6NSBBnDk8f7GbrGJKjspOjYUZbWVSvo48tgz++c86sOTOLntrvZRH6E Ob+mWjh/575oIYhli60MOw== 0001003297-06-000239.txt : 20060602 0001003297-06-000239.hdr.sgml : 20060602 20060602091116 ACCESSION NUMBER: 0001003297-06-000239 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060602 DATE AS OF CHANGE: 20060602 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HOME SOLUTIONS OF AMERICA INC CENTRAL INDEX KEY: 0000855424 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT SERVICES [8741] IRS NUMBER: 990273889 STATE OF INCORPORATION: DE FISCAL YEAR END: 0406 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51045 FILM NUMBER: 06881625 BUSINESS ADDRESS: STREET 1: 1500 DRAGON STREET - SUITE B STREET 2: - CITY: DALLAS STATE: TX ZIP: 75207 BUSINESS PHONE: 214-623-8446 MAIL ADDRESS: STREET 1: 1500 DRAGON STREET - SUITE B STREET 2: - CITY: DALLAS STATE: TX ZIP: 75207 FORMER COMPANY: FORMER CONFORMED NAME: NEXTGEN COMMUNICATIONS CORP DATE OF NAME CHANGE: 20010814 FORMER COMPANY: FORMER CONFORMED NAME: U S INDUSTRIAL SERVICES INC DATE OF NAME CHANGE: 19980629 FORMER COMPANY: FORMER CONFORMED NAME: EIF HOLDINGS INC DATE OF NAME CHANGE: 19930621 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FRADELLA FRANK J CENTRAL INDEX KEY: 0001135097 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 243 EVANGELINE DRIVE CITY: MANEBILLE STATE: LA ZIP: 70471 SC 13D/A 1 sc13da1.htm Form 13d-2a

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
----------------

SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)

RULE 13d-2(a)

HOME SOLUTIONS OF AMERICA, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)

Common Stock, $0.001 Par Value
--------------------------------------------------------------------------------
(Title of Class of Securities)

437355 10 0
--------------------------------------------------------------------------------
(CUSIP Number)

Melissa Youngblood
Hallett & Perrin, P.C.
2001 Bryan Street, Suite 3900
Dallas, Texas 75201
(214) 922-4174
--------------------------------------------------------------------------------

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

May 24, 2006
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [_].

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

(Continued on following pages)
(Page 1 of 5 Pages)

----------

CUSIP No. 437355 10 0

13D/A

Page 2 of 5 Pages

(1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Frank J. Fradella

________________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [ ]
                                                                 (b) [ ]

_______________________________________________________________________________
3 SEC USE ONLY

________________________________________________________________________________
4 SOURCE OF FUNDS* [PF]

_______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]

________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.


	7 SOLE VOTING POWER
	1,776,781

NUMBER OF SHARES
	8 SHARED VOTING POWER
BENEFICIALLY
	-0-
OWNED BY

EACH	9 SOLE DISPOSITIVE POWER

REPORTING	1,776,781

PERSON
	10 SHARED DISPOSITIVE POWER
WITH
	-0-

________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

4.21%

________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]

________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

_______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN

CUSIP No. 437355 10 0

13D/A

Page 3 of 5 Pages

________________________________________________________________________________
Item 1. Security and Issuer.

This Schedule 13D/A relates to the common stock, $0.001 par value (the "Common Stock"), of Home Solutions of America, Inc., a Delaware corporation (the "Company"). The principal executive offices of the Company are located at 1500 Dragon Street, Suite B, Dallas, Texas 75207.

________________________________________________________________________________
Item 2. Identity and Background.

(a) This Schedule 13D/A is being filed by Frank J. Fradella (the "Reporting Person").

(b) The business address of the Reporting Person is 1500 Dragon Street, Suite B, Dallas, Texas 75207.

(d) The Reporting Person has not, during the past five years, been convicted in any criminal proceeding (excluding traffic violations and similar misdemeanors).

(e) The Reporting Person has not, during the past five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in enjoining future violations of, or prohibition or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) The Reporting Person is a U.S. citizen.

The filing of this Schedule 13D/A shall not be construed as an admission that the Reporting Person is, for the purposes of Section 13(d) or 13(g)of the Securities Exchange Act of 1934, or for any other purpose, the beneficial owner of any shares of Common Stock other than those shares of Common Stock over which the Reporting Person has sole voting and dispositive power, as reported herein.

________________________________________________________________________________
Item 3. Source and Amount of Funds or Other Consideration.

On May 24, 2006, the Reporting Person exercised stock options and acquired an aggregate of 1,565,448 shares of Common Stock for an aggregate purchase price of $2,844,083, which was paid by check from the Reporting Person's personal funds. During the period from May 24, 2006 to May 26, 2006, the Reporting Person sold an aggregate of 584,586 shares of Common Stock.

________________________________________________________________________________
Item 4. Purpose of Transaction.

The purpose of the transaction was to liquidate a portion of the Reporting Person's investment in the Company's Common Stock. As of the date of this Schedule 13D/A, the Reporting Person has no plans or proposals with respect to the Company which relate to or would result in any of the events described in Item 4(a) through 4(j).

Any decision by the Reporting Person in the future to acquire or dispose of equity in the Company will depend upon several factors, including the prospects of the Company, general market and economic conditions and other factors deemed relevant by the Reporting Person.

_______________________________________________________________________________
Item 5. Interest in Securities of the Issuer.

(a) As of the date hereof, the Reporting Person beneficially owns 1,776,781 shares of the Company's Common Stock, consisting of (i) 1,585,448 shares of Common Stock owned directly by the Reporting Person, and (ii) stock options exercisable for 191,333 shares of Common Stock. The 1,776,781 shares of Common Stock beneficially owned by the Reporting Person represented 4.21% of the 37,635,518 shares of Common Stock that the Company had outstanding as of May 12, 2006, as reported in the Company's most recent Form 10-Q filed with the SEC on May 15, 2006 (the stock options exercisable for 191,333 shares of Common Stock are included in the numerator and the denominator of the Reporting Person's ownership percentage calculation, as if the vested stock options were exercised as of such date).

CUSIP No. 437355 10 0

13D/A

Page 4 of 5 Pages

(b) The number of shares as to which the Reporting Person has:

Sole power to vote or direct the vote:	1,776,781
Shared power to vote or direct the vote:	-0-
Sole power to dispose or direct the disposition:	1,776,781
Shared power to dispose or direct the disposition:	-0-

(c) Mr. Fradella received a grant of 20,000 shares of Common Stock on April 4, 2006 in consideration of his services as a member of the Board of Directors of the Company. In addition, on April 26, 2006, Mr. Fradella exercised stock options and acquired 500,000 shares of the Company's Common Stock at an exercise price of $1.25 per share, for an aggregate purchase price of $625,000.

(d) N/A
(e) The date that the Reporting Person ceased to be the beneficial owner of more than 5% of the Company's Common Stock: May 25, 2006.

_______________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.

None.

________________________________________________________________________________
Item 7. Material to be Filed as Exhibits.

None.

________________________________________________________________________________

CUSIP No. 437355 10 0

13D/A

Page 5 of 5 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: June 2, 2006
----------------------------------------
(Date)

/s/ Frank J. Fradella
Frank J. Fradella

-----END PRIVACY-ENHANCED MESSAGE-----