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Nuwellis, Inc. Director's Dealing 2012

Feb 28, 2012

35477_dirs_2012-02-28_682da570-9f6f-4935-8cbb-e24d6c610bfb.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: CM Capital (10% Owner)
Reporting Person: CM Capital Venture 4A A/C (10% Owner)
Reporting Person: CM Capital Venture 4B A/C (10% Owner)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 750356 Indirect
Common Stock 750356 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (right to buy) $6.5114 2014-12-08 Common Stock (169643) Indirect
Employee Stock Option (right to buy) $6.5114 2014-12-08 Common Stock (169643) Indirect
Common Stock Warrant (right to buy) $6.5114 2014-12-08 Common Stock (187500) Indirect
Common Stock Warrant (right to buy) $6.5114 2014-12-08 Common Stock (187500) Indirect

Footnotes

F1: Represents securities held directly by CM Capital Venture 4A A/C. CM Capital Venture 4A A/C is a fund affiliated with CM Capital Investments Pty Ltd. Mr. Mark Harvey, a director of the Issuer, shares voting and investment power with other partners and may be deemed to be a beneficial owner of the reported securities. Mr. Harvey disclaims indirect beneficial ownership of the reported securities except to the extent of his pecuniary interest. This report shall not be deemed an admission that Mr. Harvey is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F2: Represents securities held directly by CM Capital Venture 4B A/C. CM Capital Venture 4B A/C is a fund affiliated with CM Capital Investments Pty Ltd. Mr. Mark Harvey, a director of the Issuer, shares voting and investment power with other partners and may be deemed to be a beneficial owner of the reported securities. Mr. Harvey disclaims indirect beneficial ownership of the reported securities except to the extent of his pecuniary interest. This report shall not be deemed an admission that Mr. Harvey is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F3: The option vests as to 1/48th of the shares per month beginning November 2, 2012 until fully vested.

F4: Immediately exercisable.