Under the Securities Exchange Act of 1934*
(Amendment No.
)
Flight Safety Technologies, Inc.
12/31/2004
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| [X] | Rule 13d-1(b) | |
| [ ] | Rule 13d-1(c) | |
| [ ] | Rule 13d-1(d) |
* 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 ("Act") 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).
CUSIP No.......................................... ........................................
| (1) | Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only): | ||
| Cohen Specialists LLC | |||
| (2) | Check the Appropriate Box if a Member of a Group (See Instructions) | ||
| (a) (b) |
|||
| (3) | SEC Use Only | ||
| (4) | Citizenship or Place of Organization | New York, USA | |
| Number
of Shares Beneficially Owned by Each Reporting Person With |
(5) | Sole Voting Power: | 750,041 |
| (6) | Shared Voting Power: | n/a | |
| (7) | Sole Dispositive Power: | 750,041 | |
| (8) | Shared Dispositive Power: | n/a | |
| (9) | Aggregate Amount Beneficially Owned by Each Reporting Person: | 750,041 | |
| (10) | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) | n/a | |
| (13) | Percent of Class Represented by Amount in Row (9): | 8.7% | |
| (12) | Type of Reporting Person (See Instructions) | BD | |
Flight Safety Technologies, Inc.
28 Cottrell Street
Mystic, Connecticut 06355
| (a) | Name: | Cohen Specialists LLC |
| (b) | Residence or business address: | 2 Rector Street, 15th Floor New York, New York 10006 |
| (c) | Citizenship; | New York, USA |
| (d) | Title of Class of Securities; | Common Stock and Warrants |
| (e) | CUSIP Number | 33942T207 - Common Stock 33942T116 - Warrants |
| (a) | [X] | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
| (b) | [ ] | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
| (c) | [ ] | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
| (d) | [ ] | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). |
| (e) | [ ] | An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E); |
| (f) | [ ] | An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F); |
| (g) | [ ] | A parent holding company or control person in accordance with ss. 240.13d-1(b)(1)(ii)(G); |
| (h) | [ ] | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | [ ] | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| (j) | [ ] | Group, in accordance with ss.240.13d-1(b)(1)(ii)(J). |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) | Amount beneficially owned: 750,041 |
| (b) | Percentage of Class: 8.7% |
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or to direct the vote: 750,041 |
| (ii) | Shared power to vote or to direct the vote: n/a |
| (iii) | Sole power to dispose or to direct the disposition of: 750,041 |
| (iv) | Shared power to dispose or to direct the disposition of: n/a |
N/A
N/A
N/A
N/A
N/A
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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.
01/03/2005