SEC Info - Sherman Bernard C, et al. - ‘SC 13G’ on 3/15/04 re: World Heart Corp

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Sherman Bernard C, et al. – ‘SC 13G’ on 3/15/04 re: World Heart Corp

On: Monday, 3/15/04, at 2:52pm ET · Accession #: 950136-4-741 · File #: 5-50628

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/15/04  Sherman Bernard C                 SC 13G                 1:15K  World Heart Corp                  Capital Systems 01/FA
          Sherfam Inc.
          Sherman Holdings Inc.
          Shermco Inc.
          The Bernard Sherman 2000 Trust

Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Beneficial Ownership                     13     33K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Address of Issuer's Principal Executive Offices: Address of Principal Business Office or, if none, Residence: Certification Citizenship: Common Shares Identification and Classification of Members of the Group Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person If this statement is filed pursuant to Rule 13d-l(b) or 13d-2(b) or (c), check whether the person filing is a: Name of Issuer: Name of Person Filing: Notice of Dissolution of Group Ownership Ownership of Five Percent or Less of a Class Ownership of More than Five Percent on Behalf of Another Person Title of Class of Securities
1	1st Page - Filing Submission
"	Common Shares
7	Item 1(a). Name of Issuer:
"	Item 1(b). Address of Issuer's Principal Executive Offices:
"	Item 2(a). Name of Person Filing:
"	Item 2(b). Address of Principal Business Office or, if none, Residence:
"	Item 2(c). Citizenship:
"	Item 2(d). Title of Class of Securities
"	Item 3. If this statement is filed pursuant to Rule 13d-l(b) or 13d-2(b) or (c), check whether the person filing is a:
8	Item 4. Ownership
9	Item 5. Ownership of Five Percent or Less of a Class
10	Item 6. Ownership of More than Five Percent on Behalf of Another Person
"	Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
"	Item 8. Identification and Classification of Members of the Group
"	Item 9. Notice of Dissolution of Group
"	Item 10. Certification

SC 13G 1st Page of 13 TOC ↑Top Previous Next ↓Bottom Just 1st
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

 Under the Securities Exchange Act of 1934

(Amendment No.__)*

 World Heart Corporation
(Name of Issuer)

 Common Shares
(Title of Class of Securities)

980905
(CUSIP Number)

  September 23, 2003
 (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule 
is filed:                                                                       

[ ]  Rule 13d-1(b)                                                              
[x]  Rule l3d-1(c)                                                              
[ ]  Rule 13d-1(d)                                                              

*The remainder of this cover page shall be filled out for a reporting person's  
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the       
disclosures provided in a prior cover page.                                     

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of   
1934 ("Act") or otherwise subject to the liabilities of that section of the Act 
but shall be subject to all other provisions of the Act (however, see the       
Notes).                                                                         

SC 13G 2nd Page of 13 TOC 1st Previous Next ↓Bottom Just 2nd
CUSIP No. 980905                                                                

1.            NAMES OF REPORTING PERSONS                                        
       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bernard C. Sherman                                  

2.            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  
(SEE INSTRUCTIONS)                                  

(a) [ ]                                             
(b) [x]                                             

3.            SEC USE ONLY                                                      

4.            CITIZENSHIP OR PLACE OF ORGANIZATION                              

Canadian                            

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:              

5.           SOLE VOTING POWER                                                  

0                           

6.           SHARED VOTING POWER                                                

1,274,570                   

7.           SOLE DISPOSITIVE POWER                                             

0                           

8.           SHARED DISPOSITIVE POWER                                           

1,274,570                   

9.           AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       

1,274,570                   

10.          CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   
(SEE INSTRUCTIONS) [   ]                              

11.          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                  

7.9%                                

12.          TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)                        

IN                                  

2 

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CUSIP No. 980905                                                                

1.         NAMES OF REPORTING PERSONS                                           
 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

The Bernard Sherman 2000 Trust

2.         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)  

(a)    [ ]                                                
(b)    [x]                                                

3.         SEC USE ONLY                                                         

4.         CITIZENSHIP OR PLACE OF ORGANIZATION                                 

Ontario, Canada                     

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH               

5.         SOLE VOTING POWER                                                    

0                           

6.         SHARED VOTING POWER                                                  

1,274,570                   

7.         SOLE DISPOSITIVE POWER                                               

0                           

8.         SHARED DISPOSITIVE POWER                                             

1,274,570                   

9.         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON         

1,274,570                   

10.        CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     
(SEE INSTRUCTIONS) [  ]                                   

11.        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                    

7.9%                                

12.        TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)                          

00                                  

3 

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CUSIP No. 980905                                                                

1.           NAMES OF REPORTING PERSONS                                         
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Sherman Holdings Inc.       

2.           CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)          [ ]                                    
(b)          [x]                                    

3.           SEC USE ONLY                                                       

4.           CITIZENSHIP OR PLACE OF ORGANIZATION                               

Ontario, Canada                     

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:              

5.           SOLE VOTING POWER                                                  

0                           

6.           SHARED VOTING POWER                                                

1,274,570                   

7.           SOLE DISPOSITIVE POWER                                             

0                           

8.           SHARED DISPOSITIVE POWER                                           

1,274,570                   

9.           AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       

1,274,570                   

10.          CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   
(SEE INSTRUCTIONS) [  ]                               

11.          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                  

7.9%                                

12.          TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)                        

HC, CO                              

4 

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CUSIP No. 980905                                                                

1.           NAMES OF REPORTING PERSONS                                         
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Shermco Inc.                

2.           CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)          [ ]                                    
(b)          [x]                                    

3.           SEC USE ONLY                                                       

4.           CITIZENSHIP OR PLACE OF ORGANIZATION                               

Ontario, Canada                     

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:              

5.           SOLE VOTING POWER                                                  

0                           

6.           SHARED VOTING POWER                                                

1,274,570                   

7.           SOLE DISPOSITIVE POWER                                             

0                           

8.           SHARED DISPOSITIVE POWER                                           

1,274,570                   

9.           AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       

1,274,570                   

10.          CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   
(SEE INSTRUCTIONS) [  ]                               

11.          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                  

7.9%                                

12.          TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)                        

HC, CO                              

5 

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CUSIP No. 980905                                                                

1.           NAMES OF REPORTING PERSONS                                         
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Sherfam Inc.                

2.           CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)          [ ]                                    
(b)          [x]                                    

3.           SEC USE ONLY                                                       

4.           CITIZENSHIP OR PLACE OF ORGANIZATION                               

Ontario, Canada                     

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:              

5.           SOLE VOTING POWER                                                  

0                           

6.           SHARED VOTING POWER                                                

1,274,570                   

7.           SOLE DISPOSITIVE POWER                                             

0                           

8.           SHARED DISPOSITIVE POWER                                           

1,274,570                   

9.           AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       

1,274,570                   

10.          CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   
(SEE INSTRUCTIONS) [  ]                               

11.          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                  

7.9%                                

12.          TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)                        

HC, CO                              

6 

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Item 1(a)     Name of Issuer:                                                   

World Heart Corporation (the "Issuer").             

Item 1(b)     Address of Issuer's Principal Executive Offices:                  

1 Laser Street                                      
Ottawa, Ontario, Canada K2E 7V1                     

Item 2(a)     Name of Person Filing:                                            

   This statement is being filed jointly by the following parties: (i)
Bernard C. Sherman ("Dr. Sherman"), who has sole voting and dispositive control,
as the sole trustee, of The Bernard Sherman 2000 Trust ("Sherman Trust"), and   
who owns 99% of the outstanding capital stock of Sherman Holdings Inc. ("Sherman
Holdings"); (ii) Sherman Trust which owns 99% of the common stock of Shermco    
Inc. ("Shermco"); (iii) Sherman Holdings which owns 99% of the preferred stock  
of Shermco; (iv) Shermco which owns all of the outstanding capital stock of     
Sherfam Inc. ("Sherfam"); and (v) Sherfam which directly owns Common Shares (as 
defined in Item 2(d)) and Warrants (as defined in Item 4) of the Issuer         
(individually, a "Reporting Person" and, collectively, the "Reporting           
Persons").*                                                                     

Item 2(b)     Address of Principal Business Office or, if none, Residence:      

      The principal business address for Dr. Sherman, Sherman Trust, Sherman
Holdings, Shermco and Sherfam is 150 Signet Drive, Weston, Ontario, Canada      
M9L 1T9.                                                                        

Item 2(c)     Citizenship:                                                      

    Dr. Sherman is a Canadian citizen, Sherman Trust is a Canadian Trust
formed under the laws of the Province of Ontario, Sherman Holdings is a Canadian
corporation organized under the laws of the Province of Ontario, Shermco is a   
Canadian corporation organized under the laws of the Province of Ontario and    
Sherfam is a Canadian corporation organized under the laws of the Province of   
Ontario.                                                                        

Item 2(d)     Title of Class of Securities                                      

Common Shares (the "Common Shares").                            

Item 2(e)     CUSIP Number: 980905.                                             

Item 3. If this statement is filed pursuant to Rule 13d-l(b) or 13d-2(b) or     
(c), check whether the person filing is a:                                      

-------------------------                                                       
* Neither the present filing nor anything contained herein shall be construed as
an admission that any Reporting Person constitutes a "person" for any purpose   
other than Section 13(d) or Section 13(g) of the Act.                           

7 

SC 13G 8th Page of 13 TOC 1st Previous Next ↓Bottom Just 8th
 (a)  [ ] Broker or dealer registered under section 15 of the Act.

(b)  [ ] Bank as defined in section 3(a)(6) of the Act.         

     (c)  [ ] Insurance company as defined in section 3(a)(19) of the Act.

        (d)  [ ] Investment company registered under section 8 of the Investment
Company Act of 1940.                                                            

      (e)  [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)
(E).                                                                            

      (f)  [ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F).                                                        

      (g)  [ ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G).                                                        

        (h)  [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act.                                                          

 (i)  [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act of      
1940.                                                                           

(j)  [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).     

Item 4.      Ownership.                                                         

(a), (b) and (c)                                      

8 

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                                                        [Enlarge/Download Table]

Reporting Person           Amount      Percent   Sole Power  Shared Power to    Sole Power to   Shared Power to
----------------        Beneficially      of     to Vote or  Vote or Direct       Dispose or      Dispose or   
                           Owned        Class    Direct the        the            Direct the      Direct the   
                        -----------   ---------     Vote          Vote          Disposition of  Disposition of 
                                                 ----------   ---------------   --------------  -------------- 
                                                                                                               

1. Dr. Sherman       1,274,570(1)(2)     7.9         0         1,274,570(1)(2)         0        1,274,570(1)(2)
2. Sherman Trust     1,274,570(1)(2)     7.9         0         1,274,570(1)(2)         0        1,274,570(1)(2)
3. Sherman Holdings  1,274,570(1)(2)     7.9         0         1,274,570(1)(2)         0        1,274,570(1)(2)
4. Shermco           1,274,570(1)(2)     7.9         0         1,274,570(1)(2)         0        1,274,570(1)(2)
5. Sherfam           1,274,570(1)(2)     7.9         0         1,274,570(1)(2)         0        1,274,570(1)(2)

(1) By virtue of the relationships described in Item 2(a) above, Dr. Sherman,   
Sherman Trust, Sherman Holdings and Shermco may be deemed to possess indirect   
beneficial ownership of the Common Shares beneficially owned by Sherfam.        

(2) 803,713 of such Common Shares are issuable upon exercise of 803,713 warrants
to purchase Common Shares (the "Warrants"), which Warrants are currently        
exercisable.                                                                    

   The filing of this statement by Dr. Sherman, Sherman Trust, Sherman
Holdings, Shermco and Sherfam shall not be construed as an admission that       
any of Dr. Sherman, Sherman Trust, Sherman Holdings, Shermco or Sherfam is, for 
the purposes of Section 13(d) or Section 13(g) of the Act, the beneficial owner 
of any securities covered by this statement.                                    

        Because of the relationships described in Item 2(a) above, the Reporting
Persons may be deemed to constitute a "group" within the meaning of Rule 13d-5  
under the Act, and as such, each member of the group would be deemed to         
beneficially own, in the aggregate, all the Common Shares held by members of the
group. The Reporting Persons disclaim membership in a group.                    

Item 5.       Ownership of Five Percent or Less of a Class.                     

       If this statement is being filed to report the fact that as of the date
hereof the reporting persons have ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].               

9 

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Item 6.       Ownership of More than Five Percent on Behalf of Another Person.  

Not applicable.                                     

Item 7.       Identification and Classification of the Subsidiary Which Acquired
           the Security Being Reported on By the Parent Holding Company or
Control Person.                                     

Not applicable.                             

Item 8.       Identification and Classification of Members of the Group.        

See Exhibit B attached hereto.              

Item 9.       Notice of Dissolution of Group.                                   

Not applicable.                             

Item 10.      Certification.                                                    

     By signing below the undersigned certifies that, to the best of its
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the   
control of the issuer of the securities and were not acquired and are not held  
in connection with or as a participant in any transaction having that purpose or
effect.                                                                         

10

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SIGNATURE 

       After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information with respect to it set   
forth in this statement is true, complete, and correct.                         

Dated:   March 15, 2004                                                         

              /s/ Bernard C. Sherman
              ----------------------
          Bernard C. Sherman

                      THE BERNARD SHERMAN 2000 TRUST
              /s/ Bernard C. Sherman
              ----------------------
                        Bernard C. Sherman, Sole Trustee

             SHERMAN HOLDINGS INC.

                  By: /s/ Bernard C. Sherman
                      ----------------------
                     Bernard C. Sherman, President

    SHERMCO INC.

                  By: /s/ Bernard C. Sherman
                      ----------------------
                    Bernard C. Sherman, Chairman

    SHERFAM INC.

                  By: /s/ Bernard C. Sherman
                  --------------------------
                    Bernard C. Sherman, Chairman

11

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 EXHIBIT A
JOINT FILING AGREEMENT

          The undersigned hereby agree that the statement on Schedule l3G with
respect to the Common Shares of World Heart Corporation dated March 15, 2004 is,
and any further amendments thereto signed by each of the undersigned shall be,  
filed on behalf of each of the undersigned pursuant to and in accordance with   
the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as   
amended.                                                                        

Dated:   March 15, 2004       /s/ Bernard C. Sherman                            
  ----------------------
Bernard C. Sherman  

          THE BERNARD SHERMAN 2000 TRUST
  /s/ Bernard C. Sherman
  ----------------------
            Bernard C. Sherman, Sole Trustee

 SHERMAN HOLDINGS INC.

      By: /s/ Bernard C. Sherman
          ----------------------
         Bernard C. Sherman, President

SHERMCO INC.        

      By: /s/ Bernard C. Sherman
          ----------------------
        Bernard C. Sherman, Chairman

SHERFAM INC.        

      By: /s/ Bernard C. Sherman
      --------------------------
        Bernard C. Sherman, Chairman

12

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 EXHIBIT B
IDENTIFICATION OF MEMBERS OF THE GROUP

Bernard C. Sherman                                                              
The Bernard Sherman 2000 Trust                                                  
Sherman Holdings Inc.                                                           
Shermco Inc.                                                                    
Sherfam Inc.                                                                    

13

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13G’ Filing	Date	First	Last	Other Filings

Filed on:	3/15/04	11	12
	9/23/03	1		6-K
				List all Filings

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Filing Submission 0000950136-04-000741 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Sherman Bernard C, et al. – ‘SC 13G’ on 3/15/04 re: World Heart Corp

On: Monday, 3/15/04, at 2:52pm ET · Accession #: 950136-4-741 · File #: 5-50628

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Dates Referenced Herein and Documents Incorporated by Reference

Statement of Beneficial Ownership — Schedule 13G
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