Sunshine Heart Inc. (NASDAQ:SSH): Ki Yong Choi Files A New 13D

(c) a sale or transfer of a material amount of assets of the
Company or any of its subsidiaries;

(d) any change in the present board of directors or management
of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on
the board;

(e) any material change in the present capitalization or dividend
policy of the Company;

(f) any other material change in the Company’s business
or corporate structure;

(g) changes in the Company’s charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of control of the Company by any person;

(h) causing a class of securities of the Company to be delisted
from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered
national securities association;

(i) a class of equity securities of the Company becoming eligible
for termination of registration pursuant to section 12(g)(4) of the Act; or

(j) any action similar to any of those enumerated above.

 

Item 5.

Interest in Securities of the Issuer.

 

The reporting person owns 100,000 shares
of the Company’s common stock, representing approximately 6.1% of the shares of common stock outstanding, based on 1,636,743
shares of common stock outstanding as of February 10, 2017 as reported by the Company in its registration statement on Form S-1,
file no. 333-216053, filed with the Securities and Exchange Commission on February 14, 2017. The reporting person has sole voting
and dispositive power over the common stock. Except as set forth in Item 3 above, the reporting person has not effected any transaction
in the Company’s common stock during the last 60 days.

 

Item 6.

Contracts, Arrangements, Undertakings or Relationships with Respect to Securities of the Issuer.

 

Not applicable.