WORLD HEART CORP 4
4 · WORLD HEART CORP · Filed Aug 6, 2012
Insider Transaction Report
Form 4
WORLD HEART CORPWHRT
VENROCK ASSOCIATES V LP
10% Owner
Transactions
- Disposition to Issuer
Warrant (right to buy)
2012-08-02$0.10/sh−2,107,728$209,719→ 0 total(indirect: By Funds)Exercise: $2.31From: 2010-10-19Exp: 2015-10-19→ Common Stock (2,107,728 underlying) - Disposition to Issuer
Common Stock
2012-08-02−6,162,744→ 0 total(indirect: By Funds)
Footnotes (4)
- [F1]Disposed of pursuant to a merger agreement by and among the Issuer, Ocean Acquisition Holding Inc. and Heartware International, Inc. ("Heartware") in exchange for an aggregate of 18,486 shares of Heartware common stock having a market value of $89.79 per share (based on a ten day Heartware average stock price, ending on and including August 1, 2012) and an aggregate cash payment of $200.40.
- [F2]As of the effective date of the merger with Heartware, Venrock Associates V, L.P. ("VA5") was the record owner of 0 common shares of the Issuer, Venrock Entrepreneurs Fund V, L.P. ("VEF5") was the record owner of 0 common shares of the Issuer, and Venrock Partners V, L.P. ("VP5") was the record owner of 0 common shares of the Issuer (collectively, the "Shares"). As the general partners of VA5, VEF5 and VP5, respectively, Venrock Management V, LLC, VEF Management V, LLC and Venrock Partners Management V, LLC (the "General Partners") may be deemed to own beneficially all of the Shares. Each General Partner disclaims beneficial ownership of the Shares except to the extent of its indirect pecuniary interest therein.
- [F3]These Warrants were cancelled in the merger in exchange for a cash payment of $0.0995 per Warrant share for an aggregate cash payment of $209,718.94.
- [F4]As of the effective date of the merger with Heartware, Venrock Associates V, L.P. ("VA5") was the record owner of 0 warrant securities of the Issuer, Venrock Entrepreneurs Fund V, L.P. ("VEF5") was the record owner of 0 warrant securities of the Issuer, and Venrock Partners V, L.P. ("VP5") was the record owner of 0 warrant securities of the Issuer (collectively, the "Warrants"). As the general partners of VA5, VEF5 and VP5, respectively, Venrock Management V, LLC, VEF Management V, LLC and Venrock Partners Management V, LLC (the "General Partners") may be deemed to own beneficially all of the Warrants. Each General Partner disclaims beneficial ownership of the Warrants except to the extent of its indirect pecuniary interest therein.