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Nuwellis, Inc. Director's Dealing 2013

Aug 1, 2013

35477_dirs_2013-08-01_63215531-a7f4-4c93-991a-034ff818df03.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sunshine Heart, Inc. (SSH)
CIK: 0001506492
Period of Report: 2013-07-30

Reporting Person: Brooke Geoffrey (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2013-07-30 Common Stock M 3666 Acquired 3666 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2013-07-30 Non-Qualified Stock Option (right to buy) $7.5 A 2527 Acquired 2023-07-30 Common Stock (2527) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 379596 Indirect
Common Stock 815165 Indirect

Footnotes

F1: (1) Represents securities held directly by GBS Bioventures II A/C. The reporting person is a managing director of GBS Venture Partners Pty Ltd which manages GBS Bioventures II A/C. The reporting person shares voting and investment power with another partner and may be deemed to be an indirect beneficial owner of the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F2: (2) Represents securities held directly by GBS Bioventures III A/C. The reporting person is a managing director of GBS Venture Partners Pty Ltd which manages GBS Bioventures III A/C. The reporting person shares voting and investment power with another partner and may be deemed to be an indirect beneficial owner of the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F3: (3) On July 30, 2013, the reporting person was granted 3,666 restricted stock units, fully vested on the date of grant. Restricted stock units convert into common stock on a one-for-one basis.

F4: (4) On July 30, 2013, the reporting person was granted 2,527 non-qualified stock options, fully vested on the date of grant.