FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DALE MICHAEL D
2. Issuer Name and Ticker or Trading Symbol

ATS MEDICAL INC [ ATSI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

3905 ANNAPOLIS LANE
3. Date of Earliest Transaction (MM/DD/YYYY)

8/12/2010
(Street)

MINNEAPOLIS, MN 55447
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   8/12/2010     D    275872.282   D   (1) 0   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)   $0.37   8/12/2010     D         300000   (2)   9/18/2003   9/18/2012   Common Stock   300000   $4.00   0   D    
Stock Option (Right to Buy)   $3.80   8/12/2010     D         50000   (2)   12/19/2004   12/19/2013   Common Stock   50000   $4.00   0   D    
Restricted Stock Unit     (3) 8/12/2010     D         8000   (4)   1/10/2007   1/10/2011   (5) Common Stock   8000   $4.00   0   D    
Restricted Stock Unit     (3) 8/12/2010     D         65116   (4)   3/15/2008   (6) 3/15/2012   (5) Common Stock   65116   $4.00   0   D    
Restricted Stock Unit     (3) 8/12/2010     D         180000   (4)   3/15/2009   (6) 3/15/2013   (5) Common Stock   180000   $4.00   0   D    
Restricted Stock Unit     (3) 8/12/2010     D         120000   (4)   7/30/2009   (6) 7/30/2013   (5) Common Stock   120000   $4.00   0   D    
Restricted Stock Unit     (3) 8/12/2010     D         400000   (4)   3/15/2010   (6) 3/15/2014   (5) Common Stock   400000   $4.00   0   D    
Restricted Stock Units     (3) 8/12/2010     D         500000   (4)   3/1/2011   (6) 3/1/2015   (5) Common Stock   500000   $4.00   0   D    

Explanation of Responses:
( 1)  In connection with the merger of a subsidiary of Medtronic, Inc. into Issuer on August 12, 2010 (the "Merger") pursuant to an agreement and plan of merger dated April 28, 2010, all shares of Issuer common stock were converted into the right to receive $4 per share in cash.
( 2)  This option was cancelled in the merger in exchange for the right to receive a cash payment equal to the product of (i) the total number of shares subject to the options, multiplied by (ii) the excess, if any, of $4 over the exercise price per share of the shares subject to the option, less any applicable withholding taxes.
( 3)  1 unit for 1 share of Common Stock.
( 4)  This restricted stock unit, the vesting of which was accelerated in connection with the Merger, was cancelled in the merger in exchange for the right to receive a cash payment equal to the product of (i) the total number of shares of stock represented by the restricted stock unit, multiplied by (ii) $4 per share, less applicable withholding taxes.
( 5)  Represents last vesting date.
( 6)  Vests in 20% annual cumulative installments begininng the date shown.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DALE MICHAEL D
3905 ANNAPOLIS LANE
MINNEAPOLIS, MN 55447


Chief Executive Officer

Signatures
/s/ Deborah K. Chapman, Attorney in Fact for Michael Dale 8/12/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Ats Medical (MM) (NASDAQ:ATSI)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024 Ats Medical (MM) 차트를 더 보려면 여기를 클릭.
Ats Medical (MM) (NASDAQ:ATSI)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024 Ats Medical (MM) 차트를 더 보려면 여기를 클릭.