<HTML>
<HEAD>
<TITLE>Patriot Scientific Corporation Form S-8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B><BR>
Washington, D.C. 20549

<P align="center"><B>FORM S-8</B><BR>
Registration Statement<BR>
Under The Securities Act of 1933

<P align="center"><B>PATRIOT SCIENTIFIC CORPORATION</B><BR>
(Exact name of Registrant as specified in charter)

<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="48%">&nbsp;</TD>
        <TD width="4%">&nbsp;</TD>
        <TD width="48%">&nbsp;</TD>
</TR>
<TR>
        <TD align="center"><FONT size="3"><B>Delaware</B></FONT></TD>
        <TD></TD>
        <TD  align="center"><FONT size="3"><B>84-1070278</B></FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR>
        <TD align="center"><FONT size="3">(State or other jurisdiction<BR>
of incorporation or organization)</FONT></TD>
        <TD></TD>
        <TD  align="center"><FONT size="3">
(IRS Employer<BR>
Identification Number)</FONT></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD align="center"><FONT size="3"><B>10989 Via Frontera<BR>
San Diego, California 92127<BR>
(858)&nbsp;674-5000</B></FONT></TD>
        <TD></TD>
        <TD  align="center"><FONT size="3">
<B>David Pohl, Secretary<BR>
10989 Via Frontera<BR>
San Diego, California 92127<BR>
(858)&nbsp;674-5000</B></FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
        <TD align="center"><FONT size="3">(Address and telephone number of registrant&#146;s
principal executive offices and principal place
of business)</FONT></TD>
        <TD></TD>
        <TD  align="center"><FONT size="3">
(Name, address and telephone number<BR>
of agent for service)</FONT></TD>
</TR>
</TABLE>

<P align="center"><FONT size="4"><B>2001 STOCK OPTION PLAN</B></FONT>

<DIV align="center">(Full Title of the Plan)<BR>

<P><B>With Copies to:</B></DIV>

<HR noshade width="100" align="center" size="1">

<DIV align="center"><FONT size="3"><B>Otto E. Sorensen, Esq.<BR>
Luce, Forward, Hamilton &#38; Scripps LLP, Attorneys at Law<BR>
600 West Broadway, #2600, San Diego, California 92101<BR>
(619)&nbsp;236-1414</B></FONT></DIV>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any of the Securities being registered on this Form are to be offered
on a delayed or continuous basis pursuant to Rule&nbsp;415 under the Securities Act
of 1933, other than securities offered only in connection with Dividend or
Interest Reinvestment Plans, check the following line:&nbsp;[X]

<P align="center"><B>CALCULATION OF REGISTRATION FEE</B>

<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR>
        <TD width="31%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="6%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="7%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="4%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="8%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="8%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="4%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
</TR>

<TR><TD colspan="17"><HR size="4" noshade></TD></TR>

<TR>
        <TD nowrap align="center"><FONT size="2"><B>Title of</B></FONT></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Proposed</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Proposed</B></FONT></TD>
</TR>
<TR>
        <TD nowrap align="center"><FONT size="2"><B>Each Class</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Amount</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Maximum</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Maximum</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Amount of</B></FONT></TD>
</TR>
<TR>
        <TD nowrap align="center"><FONT size="2"><B>of Securities</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Being</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Offering Price</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Aggregate</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Registration</B></FONT></TD>
</TR>
<TR>
        <TD nowrap align="center"><FONT size="2"><B>Being Registered</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Registered</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Per Share</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Offering Price (2)</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Fee (3)</B></FONT></TD>
</TR>
<TR>
        <TD colspan="17"><HR size="1"></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" nowrap><FONT size="2">Common Stock (1)</FONT></TD>
        <TD></TD>
        <TD nowrap align="right" valign="top"></TD>
        <TD align="right" valign="top"><FONT size="2">
3,000,000
</FONT></TD>
        <TD valign="top"></TD>
        <TD></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">0.845
</FONT></TD>
        <TD valign="top"></TD>
        <TD></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">2,535,000
</FONT></TD>
        <TD valign="top"></TD>
        <TD></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">633.75</FONT></TD>
        <TD valign="top"></TD>
</TR>
<TR><TD colspan="17"><HR size="4" noshade></TD></TR>
</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
      <TD width="1%" align="left">(1)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="96%">The securities registered hereunder are shares of the registrant&#146;s common
stock, $.0001 par value, subject to issuance upon the exercise of stock
options granted under the registrant&#146;s 2001 Stock Option Plan, and
includes additional shares of common stock that may become issuable
pursuant to the anti-dilution adjustment provisions of the 2001 Stock
Option Plan pursuant to Rules&nbsp;416 and 457 under the Securities Act of
1933.</TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
      <TD width="1%" align="left">(2)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="96%">Estimated for purpose of calculating the registration fee.</TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
      <TD width="1%" align="left">(3)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="96%">The fee with respect to these shares has been calculated pursuant to
Rules&nbsp;457(h) and 457(c) under the Securities Act of 1933 and based upon
the average of the bid and ask prices per share of the Registrant&#146;s Common
Stock on a date within five (5)&nbsp;days prior to the date of filing of this
Registration Statement, as quoted on the OTC Electronic Bulletin Board.</TD>
</TR>
</TABLE>

<DIV>&nbsp;</DIV>
<P align="center">1
<DIV>&nbsp;</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>




<!-- TOC -->
<A name="toc"><DIV align="CENTER"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">INTRODUCTION</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART I</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">I. Item&nbsp;Plan Information.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">II. Item&nbsp;Registrant Information and Employee Plan Annual Information.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#005">PART II</A></TD></TR>
<TR><TD colspan="9"><A HREF="#006">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;3. Incorporation of Documents by Reference.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;4. Description of Securities.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#009">Item&nbsp;5. Interests of Named Experts and Counsel.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#010">Item&nbsp;6. Indemnification of Officers and Directors.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#011">Item&nbsp;7. Exemption from Registration Claimed.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#012">Item&nbsp;8. Exhibits.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#013">Item&nbsp;9. Undertakings.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#014">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#015">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="a70879ex4-19.txt">Exhibit 4.19</A></TD></TR>
<TR><TD colspan="9"><A HREF="a70879ex5-4.txt">Exhibit 5.4</A></TD></TR>
<TR><TD colspan="9"><A HREF="a70879ex23-1.txt">Exhibit 23.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a70879ex99-6.txt">Exhibit 99.6</A></TD></TR>
<TR><TD colspan="9"><A HREF="a70879ex99-7.txt">Exhibit 99.7</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>



<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "INTRODUCTION" -->
<DIV align="left"><A NAME="000"></A></DIV>
<DIV align="left"><A name="000"></A></DIV>
<P align="center"><B>INTRODUCTION</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement on Form&nbsp;S-8 is filed by Patriot Scientific
Corporation (the &#147;Company&#148;) relating to 3,000,000 shares of the Company&#146;s
common stock, par value $.0001 per share (the &#147;Common Stock&#148;), issuable to
employees, directors and consultants of the Company under the 2001 Stock Option
Plan (the &#147;Plan&#148;).

<!-- link1 "PART I" -->
<DIV align="left"><A NAME="001"></A></DIV>
<DIV align="left"><A name="001"></A></DIV>
<P align="center"><B>PART I</B>

<!-- link1 "INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS" -->
<DIV align="left"><A NAME="002"></A></DIV>
<DIV align="left"><A name="002"></A></DIV>
<P align="center"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>

<!-- link2 "I. Item&nbsp;Plan Information." -->
<DIV align="left"><A NAME="003"></A></DIV>
<DIV align="left"><A name="003"></A></DIV>
<P align="left"><B>I. Item&nbsp;Plan Information.*</B>

<!-- link2 "II. Item&nbsp;Registrant Information and Employee Plan Annual Information." -->
<DIV align="left"><A NAME="004"></A></DIV>
<DIV align="left"><A name="004"></A></DIV>
<P align="left"><B>II. Item&nbsp;Registrant Information and Employee Plan Annual Information.*</B>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="1%">*</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="97%">Information required by Part I of Form&nbsp;S-8 to be contained in the Section
10(a) prospectus is omitted from this Registration Statement in accordance with
Rule&nbsp;428 under the Securities Act of 1933 (the &#147;Securities Act&#148;), and the Note
to Part I of Form&nbsp;S-8.</TD>
</TR>
</TABLE>
<!-- link1 "PART II" -->
<DIV align="left"><A NAME="005"></A></DIV>
<DIV align="left"><A name="005"></A></DIV>
<P align="center"><B>PART II</B>

<!-- link1 "INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->
<DIV align="left"><A NAME="006"></A></DIV>
<DIV align="left"><A name="006"></A></DIV>
<P align="center"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>

<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference." -->
<DIV align="left"><A NAME="007"></A></DIV>
<DIV align="left"><A name="007"></A></DIV>
<P align="left"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents are incorporated by reference in this registration
statement of Patriot Scientific Corporation, a Delaware corporation
(&#147;Company&#148;), and in the related Section&nbsp;10(a) prospectus:

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="3%">&nbsp;</TD>
        <TD width="1%" align="left">(a)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="93%">The Company&#146;s annual report on Form&nbsp;10-KSB for the fiscal year
ended May&nbsp;31, 2000;</TD>
</TR>
<TR>
        <TD>&nbsp;</TD>
</TR>
<TR valign="top">
        <TD width="3%">&nbsp;</TD>
        <TD width="1%" align="left">(b)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="93%">The Company&#146;s quarterly reports on Form&nbsp;10-QSB for the fiscal
quarters ended August&nbsp;31, 2000 and November&nbsp;30, 2000;</TD>
</TR>
<TR>
        <TD>&nbsp;</TD>
</TR>
<TR valign="top">
        <TD width="3%">&nbsp;</TD>
        <TD width="1%" align="left">(c)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="93%">The Company&#146;s current report on Form&nbsp;8-K dated September&nbsp;28,
2000;</TD>
</TR>
<TR>
        <TD>&nbsp;</TD>
</TR>
<TR valign="top">
        <TD width="3%">&nbsp;</TD>
        <TD width="1%" align="left">(d)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="93%">Item&nbsp;11 (Description of Securities) contained in registration
statement on Form&nbsp;8-A of the Company, SEC file No.&nbsp;0-22182.</TD>
</TR>
</TABLE>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, all documents filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the
filing of a post-effective amendment which indicates that all securities
registered hereunder have been sold and which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in this
registration statement and to be a part hereof from the date of filing of such
documents.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Registration Statement, any statement contained in a
document incorporated or deemed to be incorporated herein by reference shall be
deemed to be modified or superseded to the extent that a statement contained
herein or in any other subsequently filed document that also is or is deemed to
be incorporated herein by reference modifies or supersedes such statement. Any
statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration Statement.

<!-- link2 "Item&nbsp;4. Description of Securities." -->
<DIV align="left"><A NAME="008"></A></DIV>
<DIV align="left"><A name="008"></A></DIV>
<P align="left"><B>Item&nbsp;4. Description of Securities.</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.


<DIV>&nbsp;</DIV>
<P align="center">2
<DIV>&nbsp;</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>



<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel." -->
<DIV align="left"><A NAME="009"></A></DIV>
<DIV align="left"><A name="009"></A></DIV>
<P align="left"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

<!-- link2 "Item&nbsp;6. Indemnification of Officers and Directors." -->
<DIV align="left"><A NAME="010"></A></DIV>
<DIV align="left"><A name="010"></A></DIV>
<P align="left"><B>Item&nbsp;6. Indemnification of Officers and Directors.</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Article&nbsp;NINTH of the Company&#146;s Certificate of Incorporation,
and as permitted by Section&nbsp;145 of the General Corporation Law of Delaware, the
Company may indemnify its directors and officers under certain circumstances
against reasonable expenses (including court costs and attorney&#146;s fees),
judgments, penalties, fines, and amounts paid in settlement actually and
reasonably incurred in connection with any action, suit or proceeding, whether
civil, criminal, administrative or investigative, to which any of them is a
party by reason of his being a director, officer, employee, or agent of the
Company if it is determined that he acted in accordance with the applicable
standard of conduct set forth in such statutory provisions. Thus, the
indemnification provisions will protect officers and directors from liability
only if the officer or director meets the applicable standard of conduct and
the Company has the financial ability to honor the indemnity. Insofar as
indemnification for liabilities under the Securities Act of 1933 may be
permitted to directors, officers or persons controlling the registrant pursuant
to the General Corporation Law of Delaware, the Certificate of Incorporation,
or otherwise, the registrant has been advised that, in the opinion of the
Securities and Exchange Commission, such indemnification is against public
policy as expressed in such Securities Act, and is, therefore, unenforceable.

<!-- link2 "Item&nbsp;7. Exemption from Registration Claimed." -->
<DIV align="left"><A NAME="011"></A></DIV>
<DIV align="left"><A name="011"></A></DIV>
<P align="left"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

<!-- link2 "Item&nbsp;8. Exhibits." -->
<DIV align="left"><A NAME="012"></A></DIV>
<DIV align="left"><A name="012"></A></DIV>
<P align="left"><B>Item&nbsp;8. Exhibits.</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The exhibits to this Registration Statement are listed in the Exhibit
Index commencing at page EX-1 hereof.

<!-- link2 "Item&nbsp;9. Undertakings." -->
<DIV align="left"><A NAME="013"></A></DIV>
<DIV align="left"><A name="013"></A></DIV>
<P align="left"><B>Item&nbsp;9. Undertakings.</B>

<P align="left">The undersigned registrant hereby undertakes:

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;(a)&nbsp;to file, during any period in which offers or sales are being made,
a post-effective amendment to this Registration Statement;

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;to include any prospectus required by Section&nbsp;10(a)(3) of the
Securities Act;

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;to reflect in the prospectus any facts or events arising after the
effective date of this Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth in this
Registration Statement;

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;to include any material information with respect to the plan of
distribution not previously disclosed in this Registration Statement or any
material change to such information in this Registration Statement;

<P>provided, however, that paragraphs 1(a)(i) and 1(a)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the Company pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the
Exchange Act that are incorporated by reference in this Registration Statement;

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;that, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof;

<DIV>&nbsp;</DIV>
<P align="center">3
<DIV>&nbsp;</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>


<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;to remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
the offering.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
registrant&#146;s annual report pursuant to Section&nbsp;13(a) or 15(d) of the Exchange
Act (and, where applicable, each filing of an employee benefit plan&#146;s annual
report pursuant to Section&nbsp;15(d) of the Exchange Act) that is incorporated by
reference in this Registration Statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
Company pursuant to the foregoing provisions, or otherwise, the Company has
been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Company of expenses
incurred or paid by a director, officer or controlling person of the registrant
in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities
being registered, the Company will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question of whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed
by a final adjudication of such issue.


<DIV>&nbsp;</DIV>
<P align="center">4
<DIV>&nbsp;</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>



<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="014"></A></DIV>
<DIV align="left"><A name="014"></A></DIV>
<P align="center"><B>SIGNATURES</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe
that it meets all the requirements for filing on Form&nbsp;S-8 and has duly
caused this registration statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in San Diego,
California,
on the date below.

<P align="left">DATED: March&nbsp;26, 2001

<P align="center"><B>PATRIOT SCIENTIFIC CORPORATION</B>

<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR>
        <TD width="50%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="49%">&nbsp;</TD>
</TR>
<TR>
        <TD></TD>
        <TD><FONT size="3">By&nbsp;</FONT></TD>
        <TD><FONT size="3">/s/ LOWELL W. GIFFHORN</FONT></TD>
</TR>
<TR>
        <TD colspan="2"></TD>
        <TD><HR size="1"></TD>
</TR>
<TR>
        <TD colspan="2"></TD>
        <TD><FONT size="3"><B>Lowell W. Giffhorn, Exec. V.P. &#38; Chief Financial Officer</B></FONT></TD>
</TR>
</TABLE>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following
persons, in the capacities and on the dates respectively indicated.

<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR>
        <TD width="39%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="45%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
</TR>
<TR>
        <TD><FONT size="2"><B>Signature</B></FONT></TD>
        <TD></TD>
        <TD align="center"><FONT size="2"><B>Title</B></FONT></TD>
        <TD></TD>
        <TD align="center"><FONT size="2"><B>Date</B></FONT></TD>
</TR>
<TR>
        <TD><HR size="1"></TD>
        <TD></TD>
        <TD><HR size="1"></TD>
        <TD></TD>
        <TD><HR size="1"></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
        <TD><FONT size="3">/s/ RICHARD G. BLUM<BR>
<HR size="1" noshade>
<B>Richard G. Blum</B></FONT></TD>
        <TD></TD>
        <TD><FONT size="3">
Chairman of the Board, Director,
Chief Executive Officer and President
</FONT></TD>
        <TD></TD>
        <TD align="center"><FONT size="3">3/26/01</FONT></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
        <TD><FONT size="3">/s/ LOWELL W. GIFFHORN<BR>
<HR size="1" noshade>
<B>Lowell W. Giffhorn</B></FONT></TD>
        <TD></TD>
        <TD><FONT size="3">
Director, Principal Financial Officer
and Principal Accounting Officer
</FONT></TD>
        <TD></TD>
        <TD align="center"><FONT size="3">3/26/01</FONT></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
        <TD><FONT size="3">/s/ FREDERICK THIEL
        <HR size="1" noshade>
        <B>Frederick Thiel</B></FONT></TD>
        <TD></TD>
        <TD  align="left"><FONT size="3">
Director
</FONT></TD>
        <TD></TD>
        <TD  align="center"><FONT size="3">3/26/01</FONT></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
        <TD><FONT size="3">/s/ DONALD R. BERNIER
        <HR size="1" noshade>
        <B>Donald R. Bernier</B></FONT></TD>
        <TD></TD>
        <TD  align="left"><FONT size="3">
Director
</FONT></TD>
        <TD></TD>
        <TD  align="center"><FONT size="3">3/26/01</FONT></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
        <TD valign="top"><FONT size="3">/s/ HELMUT FALK, JR
        <HR size="1" noshade>
        <B>Helmut Falk, Jr</B></FONT></TD>
        <TD></TD>
        <TD  align="left"><FONT size="3">
Director
</FONT></TD>
        <TD></TD>
        <TD  align="center"><FONT size="3">3/26/01</FONT></TD>
</TR>
</TABLE>


<DIV>&nbsp;</DIV>
<P align="center">5
<DIV>&nbsp;</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center">SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549

<P align="center">FORM S-8<BR>
Registration Statement<BR>
Under The Securities Act of 1933

<P align="center">EXHIBITS

<P align="center"><B>PATRIOT SCIENTIFIC CORPORATION</B>

<DIV align="center">(Exact name of registrant as specified in its charter)</DIV>

<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="015"></A></DIV>
<DIV align="left"><A name="015"></A></DIV>
<P align="center"><B>EXHIBIT INDEX</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are included as part of this registration
statement. References to the &#147;Company&#148; in this Exhibit&nbsp;Index mean PATRIOT
SCIENTIFIC CORPORATION, a Delaware corporation.

<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR>
        <TD width="6%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="91%">&nbsp;</TD>
</TR>
<TR valign="top">
        <TD><FONT size="3">&nbsp;&nbsp;4.19</FONT></TD>
        <TD></TD>
        <TD><FONT size="3">
2001 Stock Option Plan of the Company dated February&nbsp;21, 2001</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
        <TD><FONT size="3">&nbsp;&nbsp;5.4</FONT></TD>
        <TD></TD>
        <TD><FONT size="3">
Opinion of Luce, Forward, Hamilton &#38; Scripps LLP, Attorneys at Law</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
        <TD><FONT size="3">23.1</FONT></TD>
        <TD></TD>
        <TD><FONT size="3">
Consent of BDO Seidman, LLP</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
        <TD><FONT size="3">23.2</FONT></TD>
        <TD></TD>
        <TD><FONT size="3">
Consent of Luce, Forward, Hamilton &#38; Scripps LLP (contained in Exhibit&nbsp;5.4 hereto)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
        <TD><FONT size="3">99.6</FONT></TD>
        <TD></TD>
        <TD><FONT size="3">
Form of Incentive Stock Option Agreement to the Company&#146;s 2001 Stock Option Plan</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
        <TD><FONT size="3">99.7</FONT></TD>
        <TD></TD>
        <TD><FONT size="3">
Form of Non-Qualified Stock Option Agreement to the Company&#146;s 2001 Stock Option Plan</FONT></TD>
</TR>
</TABLE>


<DIV>&nbsp;</DIV>
<P align="center">6
<DIV>&nbsp;</DIV>




</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "a70879s-8.htm", "description": "FORM S-8", "secsgml_size_bytes": 29166}]
{"company-data": {"conformed-name": "PATRIOT SCIENTIFIC CORP", "cik": "0000836564", "assigned-sic": "3669", "irs-number": "841070278", "state-of-incorporation": "DE", "fiscal-year-end": "0531"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-57602", "film-number": "1578996"}, "business-address": {"street1": "10989 VIA FRONTERA", "city": "SAN DIEGO", "state": "CA", "zip": "92127", "phone": "8586745000"}, "mail-address": {"street1": "10989 VIA FRONTERA", "city": "SAN DIEGO", "state": "CA", "zip": "92127"}, "former-company": {"former-conformed-name": "PATRIOT FINANCIAL CORP", "date-changed": "19920521"}}
Patriot Scientific Corporation Form S-8
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
Registration Statement
Under The Securities Act of 1933
PATRIOT SCIENTIFIC CORPORATION
(Exact name of Registrant as specified in charter)
Delaware
84-1070278
(State or other jurisdiction
of incorporation or organization)
(IRS Employer
Identification Number)
10989 Via Frontera
San Diego, California 92127
(858) 674-5000
David Pohl, Secretary
10989 Via Frontera
San Diego, California 92127
(858) 674-5000
(Address and telephone number of registrant's
principal executive offices and principal place
of business)
(Name, address and telephone number
of agent for service)
2001 STOCK OPTION PLAN
(Full Title of the Plan)
With Copies to:
Otto E. Sorensen, Esq.
Luce, Forward, Hamilton & Scripps LLP, Attorneys at Law
600 West Broadway, #2600, San Diego, California 92101
(619) 236-1414
If any of the Securities being registered on this Form are to be offered
on a delayed or continuous basis pursuant to Rule 415 under the Securities Act
of 1933, other than securities offered only in connection with Dividend or
Interest Reinvestment Plans, check the following line: [X]
CALCULATION OF REGISTRATION FEE
Title of
Proposed
Proposed
Each Class
Amount
Maximum
Maximum
Amount of
of Securities
Being
Offering Price
Aggregate
Registration
Being Registered
Registered
Per Share
Offering Price (2)
Fee (3)
Common Stock (1)
3,000,000
$
0.845
$
2,535,000
$
633.75
(1)
The securities registered hereunder are shares of the registrant's common
stock, $.0001 par value, subject to issuance upon the exercise of stock
options granted under the registrant's 2001 Stock Option Plan, and
includes additional shares of common stock that may become issuable
pursuant to the anti-dilution adjustment provisions of the 2001 Stock
Option Plan pursuant to Rules 416 and 457 under the Securities Act of
1933.
(2)
Estimated for purpose of calculating the registration fee.
(3)
The fee with respect to these shares has been calculated pursuant to
Rules 457(h) and 457(c) under the Securities Act of 1933 and based upon
the average of the bid and ask prices per share of the Registrant's Common
Stock on a date within five (5) days prior to the date of filing of this
Registration Statement, as quoted on the OTC Electronic Bulletin Board.
1
TABLE OF CONTENTS
INTRODUCTION
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
I. Item Plan Information.
II. Item Registrant Information and Employee Plan Annual Information.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
Item 4. Description of Securities.
Item 5. Interests of Named Experts and Counsel.
Item 6. Indemnification of Officers and Directors.
Item 7. Exemption from Registration Claimed.
Item 8. Exhibits.
Item 9. Undertakings.
SIGNATURES
EXHIBIT INDEX
Exhibit 4.19
Exhibit 5.4
Exhibit 23.1
Exhibit 99.6
Exhibit 99.7
Table of Contents
INTRODUCTION
This Registration Statement on Form S-8 is filed by Patriot Scientific
Corporation (the "Company") relating to 3,000,000 shares of the Company's
common stock, par value $.0001 per share (the "Common Stock"), issuable to
employees, directors and consultants of the Company under the 2001 Stock Option
Plan (the "Plan").
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
I. Item Plan Information.*
II. Item Registrant Information and Employee Plan Annual Information.*
*
Information required by Part I of Form S-8 to be contained in the Section
10(a) prospectus is omitted from this Registration Statement in accordance with
Rule 428 under the Securities Act of 1933 (the "Securities Act"), and the Note
to Part I of Form S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents are incorporated by reference in this registration
statement of Patriot Scientific Corporation, a Delaware corporation
("Company"), and in the related Section 10(a) prospectus:
(a)
The Company's annual report on Form 10-KSB for the fiscal year
ended May 31, 2000;
(b)
The Company's quarterly reports on Form 10-QSB for the fiscal
quarters ended August 31, 2000 and November 30, 2000;
(c)
The Company's current report on Form 8-K dated September 28,
2000;
(d)
Item 11 (Description of Securities) contained in registration
statement on Form 8-A of the Company, SEC file No. 0-22182.
In addition, all documents filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the
filing of a post-effective amendment which indicates that all securities
registered hereunder have been sold and which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in this
registration statement and to be a part hereof from the date of filing of such
documents.
For purposes of this Registration Statement, any statement contained in a
document incorporated or deemed to be incorporated herein by reference shall be
deemed to be modified or superseded to the extent that a statement contained
herein or in any other subsequently filed document that also is or is deemed to
be incorporated herein by reference modifies or supersedes such statement. Any
statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not applicable.
2
Table of Contents
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Officers and Directors.
Pursuant to Article NINTH of the Company's Certificate of Incorporation,
and as permitted by Section 145 of the General Corporation Law of Delaware, the
Company may indemnify its directors and officers under certain circumstances
against reasonable expenses (including court costs and attorney's fees),
judgments, penalties, fines, and amounts paid in settlement actually and
reasonably incurred in connection with any action, suit or proceeding, whether
civil, criminal, administrative or investigative, to which any of them is a
party by reason of his being a director, officer, employee, or agent of the
Company if it is determined that he acted in accordance with the applicable
standard of conduct set forth in such statutory provisions. Thus, the
indemnification provisions will protect officers and directors from liability
only if the officer or director meets the applicable standard of conduct and
the Company has the financial ability to honor the indemnity. Insofar as
indemnification for liabilities under the Securities Act of 1933 may be
permitted to directors, officers or persons controlling the registrant pursuant
to the General Corporation Law of Delaware, the Certificate of Incorporation,
or otherwise, the registrant has been advised that, in the opinion of the
Securities and Exchange Commission, such indemnification is against public
policy as expressed in such Securities Act, and is, therefore, unenforceable.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
The exhibits to this Registration Statement are listed in the Exhibit
Index commencing at page EX-1 hereof.
Item 9. Undertakings.
The undersigned registrant hereby undertakes:
1. (a) to file, during any period in which offers or sales are being made,
a post-effective amendment to this Registration Statement;
(i) to include any prospectus required by Section 10(a)(3) of the
Securities Act;
(ii) to reflect in the prospectus any facts or events arising after the
effective date of this Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth in this
Registration Statement;
(iii) to include any material information with respect to the plan of
distribution not previously disclosed in this Registration Statement or any
material change to such information in this Registration Statement;
provided, however, that paragraphs 1(a)(i) and 1(a)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the Company pursuant to Section 13 or Section 15(d) of the
Exchange Act that are incorporated by reference in this Registration Statement;
(b) that, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof;
3
Table of Contents
(c) to remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
the offering.
2. The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange
Act (and, where applicable, each filing of an employee benefit plan's annual
report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in this Registration Statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
3. Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
Company pursuant to the foregoing provisions, or otherwise, the Company has
been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Company of expenses
incurred or paid by a director, officer or controlling person of the registrant
in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities
being registered, the Company will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question of whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed
by a final adjudication of such issue.
4
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe
that it meets all the requirements for filing on Form S-8 and has duly
caused this registration statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in San Diego,
California,
on the date below.
DATED: March 26, 2001
PATRIOT SCIENTIFIC CORPORATION
By
/s/ LOWELL W. GIFFHORN
Lowell W. Giffhorn, Exec. V.P. & Chief Financial Officer
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following
persons, in the capacities and on the dates respectively indicated.
Signature
Title
Date
/s/ RICHARD G. BLUM
Richard G. Blum
Chairman of the Board, Director,
Chief Executive Officer and President
3/26/01
/s/ LOWELL W. GIFFHORN
Lowell W. Giffhorn
Director, Principal Financial Officer
and Principal Accounting Officer
3/26/01
/s/ FREDERICK THIEL
Frederick Thiel
Director
3/26/01
/s/ DONALD R. BERNIER
Donald R. Bernier
Director
3/26/01
/s/ HELMUT FALK, JR
Helmut Falk, Jr
Director
3/26/01
5
Table of Contents
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
Registration Statement
Under The Securities Act of 1933
EXHIBITS
PATRIOT SCIENTIFIC CORPORATION
(Exact name of registrant as specified in its charter)
EXHIBIT INDEX
The following exhibits are included as part of this registration
statement. References to the "Company" in this Exhibit Index mean PATRIOT
SCIENTIFIC CORPORATION, a Delaware corporation.
4.19
2001 Stock Option Plan of the Company dated February 21, 2001
5.4
Opinion of Luce, Forward, Hamilton & Scripps LLP, Attorneys at Law
23.1
Consent of BDO Seidman, LLP
23.2
Consent of Luce, Forward, Hamilton & Scripps LLP (contained in Exhibit 5.4 hereto)
99.6
Form of Incentive Stock Option Agreement to the Company's 2001 Stock Option Plan
99.7
Form of Non-Qualified Stock Option Agreement to the Company's 2001 Stock Option Plan
6