Filing Details

Accession Number:
0001391289-10-000002
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-01-26 12:00:00
Reporting Period:
2010-01-21
Filing Date:
2010-01-26
Accepted Time:
2010-01-26 20:14:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1024520 World Heart Corp WHRT Electromedical & Electrotherapeutic Apparatus (3845) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1391289 Venrock Associates V Lp C/O Venrock
3340 Hillview Avenue
Palo Alto CA 94304
No No Yes No
1395760 P L V Partners Venrock C/O Venrock
3340 Hillview Avenue
Palo Alto CA 94304
No No Yes No
1444112 Vef Management V, Llc C/O Venrock
3340 Hillview Avenue
Palo Alto CA 94304
No No Yes No
1444114 Venrock Entrepreneurs Fund V, L.p. C/O Venrock
3340 Hillview Avenue
Palo Alto CA 94304
No No Yes No
1444116 Venrock Management V, Llc C/O Venrock
3340 Hillview Avenue
Palo Alto CA 94304
No No Yes No
1444117 Venrock Partners Management V, Llc C/O Venrock
3340 Hillview Avenue
Palo Alto CA 94304
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2010-01-21 388,350 $5.15 4,055,016 No 4 P Indirect By Fund
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Fund
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Common Stock Warrant (right to buy) Acquisiton 2010-01-21 388,350 $5.15 388,350 $4.90
Common Stock Common Stock Warrant (right to buy) Acquisiton 2010-01-21 388,350 $5.15 388,350 $4.90
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
388,350 2010-01-26 2011-04-26 No 4 P Indirect
388,350 2010-01-26 2015-01-26 No 4 P Indirect
Footnotes
  1. Represents an aggregate of (a) 350,408 shares of common stock purchased by Venrock Associates V, L.P., (b) 8,233 shares of common stock purchased by Venrock Entrepreneurs Fund V, L.P. and (c) 29,709 shares of common stock purchased by Venrock Partners V, L.P. pursuant to that certain Securities Purchase Agreement dated as of January 21, 2010, by and among World Heart Corporation and the investors named therein (the "Purchase Agreement").
  2. Represents the per unit purchase price under the Purchase Agreement of a share of common stock, a 15-month warrant to purchase one share of common stock and a five-year warrant to purchase one share of common stock.
  3. Represents an aggregate of (a) 3,658,841 shares of common stock held by Venrock Associates V, L.P., (b) 85,966 shares of common stock held by Venrock Entrepreneurs Fund V, L.P. and (c) 310,209 shares of common stock held by Venrock Partners V, L.P.
  4. Filed by Venrock Associates V, L.P., Venrock Entrepreneurs Fund V, L.P. and Venrock Partners V, L.P. (collectively, the "Venrock Entities") and the general partner of each Venrock Entity, respectively, Venrock Management V, LLC, VEF Management V, LLC and Venrock Partners Management V, LLC (collectively, the "Venrock GPs"). As the general partners of the respective Venrock Entities, the Venrock GPs may be deemed to own beneficially all of the shares of common stock and warrants owned by the Venrock Entities. Each Venrock GP disclaims beneficial ownership of these securities owned by the Venrock Entities except to the extent of their indirect pro-rata pecuniary interest therein.
  5. Represents an aggregate of 15-month warrants purchased pursuant to the Purchase Agreement by (a) Venrock Associates V, L.P., exercisable to purchase up to 350,408 shares of common stock, (b) Venrock Entrepreneurs Fund V, L.P., exercisable to purchase up to 8,233 shares of common stock, and (c) Venrock Partners V, L.P., exercisable to purchase up to 29,709 shares of common stock.
  6. Represents an aggregate of five-year warrants purchased pursuant to the Purchase Agreement by (a) Venrock Associates V, L.P., exercisable to purchase up to 350,408 shares of common stock, (b) Venrock Entrepreneurs Fund V, L.P., exercisable to purchase up to 8,233 shares of common stock, and (c) Venrock Partners V, L.P., exercisable to purchase up to 29,709 shares of common stock.