Page 3 of 5 – SEC Filing Item 1. Security and Issuer.
This Schedule
13D relates to the common stock, par value $0.0001 per share, of Sunshine Heart, Inc. (the “Company”). The Company
is located at 12988 Valley View Road, Eden Prairie, Minnesota 55344.
Item 2. Identity and Background.
(a) The reporting person’s name is Ki Yong Choi.
(b) The reporting person’s address is 36 Great Circle
Drive, Mill Valley, California 94941.
(c) The reporting person is the president and sole shareholder
of Cathedral Hill Associates, Inc., a hotel operations and management corporation, which owns and operates three hotels.
(d) The reporting person has not, during the last five years,
been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) The reporting person was not, during the last five years,
a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which the reporting
person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or a finding of any violation with respect to such laws.
(f) The reporting person is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
The reporting person acquired 100,000 shares
of the Company’s common stock with personal funds distributed to him by Cathedral Hill Associates, Inc. The total amount
of funds used to purchase the shares was approximately $422,500. The shares were purchased in the open market between January 2017
and March 2017. No funds were borrowed for these purchases.
Item 4. Purpose of
Transaction.
The reporting person has acquired the shares
of common stock for investment purposes. Depending on market conditions, continuing evaluation of the business and prospects of
the Company and other factors, the reporting person may dispose of or acquire additional shares of the Company’s common stock
or other securities of the Company or pursue strategic transactions as opportunities arise. Otherwise, the reporting person does
not, as of the date of this filing, have any plans or proposals that would relate to or result in:
(a) the acquisition of additional securities of the Company,
or the disposition of securities of the Company although, as noted above, the reporting person reserves the right to acquire or
dispose of the Company’s securities in the future;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of its subsidiaries;
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| Item 1. | Security and Issuer. |
This Schedule
13D relates to the common stock, par value $0.0001 per share, of Sunshine Heart, Inc. (the “Company”). The Company
is located at 12988 Valley View Road, Eden Prairie, Minnesota 55344.
| Item 2. | Identity and Background. |
(a) The reporting person’s name is Ki Yong Choi.
(b) The reporting person’s address is 36 Great Circle
Drive, Mill Valley, California 94941.
(c) The reporting person is the president and sole shareholder
of Cathedral Hill Associates, Inc., a hotel operations and management corporation, which owns and operates three hotels.
(d) The reporting person has not, during the last five years,
been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) The reporting person was not, during the last five years,
a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which the reporting
person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or a finding of any violation with respect to such laws.
(f) The reporting person is a citizen of the United States.
| Item 3. | Source and Amount of Funds or Other Consideration. |
The reporting person acquired 100,000 shares
of the Company’s common stock with personal funds distributed to him by Cathedral Hill Associates, Inc. The total amount
of funds used to purchase the shares was approximately $422,500. The shares were purchased in the open market between January 2017
and March 2017. No funds were borrowed for these purchases.
| Item 4. | Purpose of Transaction. |
The reporting person has acquired the shares
of common stock for investment purposes. Depending on market conditions, continuing evaluation of the business and prospects of
the Company and other factors, the reporting person may dispose of or acquire additional shares of the Company’s common stock
or other securities of the Company or pursue strategic transactions as opportunities arise. Otherwise, the reporting person does
not, as of the date of this filing, have any plans or proposals that would relate to or result in:
(a) the acquisition of additional securities of the Company,
or the disposition of securities of the Company although, as noted above, the reporting person reserves the right to acquire or
dispose of the Company’s securities in the future;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of its subsidiaries;
