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Filing Details

Accession Number:: 0001365618-10-000002
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 20:19:53
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
1365618	D Anders Hove	C/O Venrock 530 Fifth Avenue, 22Nd Floor New York NY 10036		Yes	No	Yes	No

Reported Non-Derivative Transactions

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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

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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

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 the Issuer and the investors named therein (the "Purchase Agreement").
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.
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.
Mr. Hove is a member of Venrock Management V, LLC, VEF Management V, LLC and Venrock Partners Management V, LLC, each of which is the general partner, respectively, of Venrock Associates V, L.P., Venrock Entrepreneurs Fund V, L.P. and Venrock Partners V, L.P. Mr. Hove disclaims beneficial ownership of these securities held by Venrock Associates V, L.P., Venrock Entrepreneurs Fund V, L.P. and Venrock Partners V, L.P., except to the extent of his indirect pro-rata pecuniary interest therein.
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.
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.