http://www.ptsc.com/news/press_releases/20060210.asp

At Patriot's request," the spokesman continued, "both Lincoln and Swartz have agreed to convert all of their outstanding Patriot Scientific debentures into shares of common stock. These conversions will result in our beneficial ownership exceeding 5% of the issued and outstanding shares of Patriot, and as a result we will make all appropriate SEC filings as to the future disposition of our holdings of the Company's common stock. We trust that these actions will support Patriot Scientific in its growth as Patriot and TPL accelerate their worldwide licensing of the jointly owned MMP Portfolio."

There have been no SEC filings related to any "disposition" of S&L's holdings that I have seen. What bell are we talking about? As far as I know that maximum 9.99% ownership agreement is between PTSC and S&L only. 

Disposition

Getting rid of an asset or security through a direct sale or some other method.

Investopedia Commentary

Quite often you will see insider trades report a "disposition" of a certain number of shares, this just means that they sold them.