UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 8, 2013
SUNSHINE HEART, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware (State or other jurisdiction of
incorporation) | | 000-35312 (Commission File No.) | | 68-0533453 (IRS Employer
Identification No.) |
12988 Valley View Road
Eden Prairie, Minnesota
(Address of Principal Executive Offices) (Zip Code)
(952) 345-4200
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) Compensatory Arrangements of Certain Officers
Awards of Stock and Restricted Stock Units
On September 8, 2013, Sunshine Heart, Inc., a Delaware corporation (the “Company”) approved the grant of stock awards (“Stock Awards”) and Restricted Stock Unit Awards (“RSUs”) to each of William S. Peters, Jeffrey S. Mathiesen, Debra J. Kridner, Kevin P. Bassett and James C. Yearick (the “Executive Officers”) under the Company’s Amended and Restated 2011 Equity Incentive Plan, as amended (the “Plan”). The Stock Awards were granted under and in accordance with the terms and conditions of the Plan and the Stock Grant Notice and Stock Award Agreement applicable to each Executive Officer (the form of which is attached hereto as Exhibit 10.1)(the “Stock Award Agreements”). The RSUs were granted under and in accordance with the terms and conditions of the Plan and the Restricted Stock Unit Award Grant Notice and Restricted Stock Unit Award Agreement applicable to each Executive Officer (the form of which is attached hereto as Exhibit 10.2)(the “RSU Agreements”).
Pursuant to the Plan and Stock Award Agreements, the shares underlying the Stock Awards are fully vested on the date of grant. Pursuant to the Plan and RSU Agreements, the shares underlying the RSUs will vest in twelve equal consecutive monthly increments, such that all of the shares will be vested on the one-year anniversary of the date of grant, provided that the applicable Executive Officer’s service to the Company is continuing at such time.
The following table sets forth the Awards granted to each Executive Officer:
Executive
Officer | | Type of Award | | Number of Shares |
William S. Peters | | Stock Award | | 11,951 |
Chief Technical Officer & Medical Director | | Restricted Stock Unit Award | | 11,951 |
Jeffrey S. Mathiesen | | Stock Award | | 11,868 |
Chief Financial Officer | | Restricted Stock Unit Award | | 11,868 |
Debra J. Kridner | | Stock Award | | 7,095 |
Executive Vice President of Regulatory Affairs | | Restricted Stock Unit Award | | 7,095 |
Kevin P. Bassett | | Stock Award | | 7,345 |
Senior Vice President, Technology & Operations | | Restricted Stock Unit Award | | 7,345 |
James C. Yearick | | Stock Award | | 8,250 |
VP of Marketing and Sales | | Restricted Stock Unit Award | | 8,250 |
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | | Description |
10.1 | | Form of Stock Grant Notice and Stock Award Agreement. |
| | |
10.2 | | Form of Restricted Stock Unit Award Grant Notice and Restricted Stock Unit Award Agreement. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: September 10, 2013 | SUNSHINE HEART, INC. |
| | |
| By: | /S/ JEFFREY MATHIESEN |
| Name: | Jeffrey Mathiesen |
| Title: | Chief Financial Officer |
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EXHIBIT INDEX
Exhibit No. | | Description |
10.1 | | Form of Stock Grant Notice and Stock Award Agreement. |
| | |
10.2 | | Form of Restricted Stock Unit Award Grant Notice and Restricted Stock Unit Award Agreement. |
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