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Nuwellis, Inc. Director's Dealing 2012

May 2, 2012

35477_dirs_2012-05-02_3d62be52-b3b2-439f-9c53-9979a8b87759.zip

Director's Dealing

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SEC Form 3/A — Form 3/A

Issuer: Sunshine Heart, Inc. (SSH)
CIK: 0001506492
Period of Report: 2012-02-14

Reporting Person: O'Dwyer Donal (Director)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 686 Direct
Common Stock 10370 Indirect
Common Stock 38791 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (right to buy) $101.74 2014-07-05 Common Stock (485) Direct
Employee Stock Option (right to buy) $7.1218 2021-08-17 Common Stock (11200) Direct
Common Stock Warrant (right to buy) $6.5114 2014-12-08 Common Stock (9150) Direct

Footnotes

F1: This Form 3 amends the number of securities directly beneficially owned by the reporting person.

F2: Dundrum Investments P/I is the trustee and the reporting person's spouse has the authority to change the trustee.

F3: The reporting person and his spouse jointly have the power to make investment and voting decisions.

F4: Fully vested.

F5: This Form 3 amends the vesting schedule of this option. The option vests as to 1/48 of the shares each month with (i) 5 months of shares vesting on August 18, 2011 and (ii) the remaining shares vesting equally for 43 consecutive months commencing September 17, 2011.

F6: Immediately exercisable.