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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
The Goldman Sachs Group, L.P.
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(Last) (First) (Middle)
85 Broad Street
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(Street)
New York, NY 10004
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Cambridge Heart, Inc.
(CAMH)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Year
January/1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ ] Form filed by One Reporting Person
[ X ] Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, |
or Beneficially Owned |
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| | | | |6. | |
| | | 4. |5. |Owner- | |
| | | Securities Acquired (A) or |Amount of |ship | |
| | 3. | Disposed of (D) |Securities |Form: |7. |
|2. | Transaction| (Instr. 3, 4 and 5) |Beneficially |Direct |Nature of |
|Transaction | Code | -------------------------------|Owned at End |(D) or |Indirect |
1. |Date | (Instr. 8) | | (A) | |of Month |Indirect |Beneficial|
Title of Security |(Month/Day/ | -----------| Amount | or | Price |(Instr. 3 |(I) |Ownership |
(Instr. 3) |Year) | Code | V | | (D) | |and 4) |(Instr.4)|(Instr. 4)|
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | |
Common Stock | 1/15/99 | P | | 700 | A | $7.375 | | 01 | 01 |
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| | | | | | | | | |
Common Stock | 1/15/99 | P | | 1,000 | A | $7.4375 | | 01 | 01 |
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| | | | | | | | | |
Common Stock | 1/15/99 | X | | 100,000 | D | $5.00 | | 01 | 01 |
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| | | | | | | | | |
Common Stock | 1/19/99 | P | | 4,300 | A | $7.50 | | 01 | 01 |
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| | | | | | | | | |
Common Stock | 1/19/99 | P | | 4,000 | A | $7.25 | -0- | 01 | 01 |
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| | | | | | | | | |
Common Stock | | | | | | | 102.6 | 02 | 02 |
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| | | | | | | | | |
| | | | | | | | | |
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</TABLE>
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).
FORM 4 (continued)
<TABLE>
<CAPTION>
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned |
(e.g., puts, calls, warrants, options, convertible securities) |
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| | | | | | | |9. |10. | |
| | | | | | | |Number |Owner-| |
| | | | | | | |of |ship | |
|2. | | | | | | |Deriv- |of | |
|Conver- | | | 5. | |7. | |ative |Deriv-|11. |
|sion | | | Number of | |Title and Amount | |Secur- |ative |Nature|
|or | | | Derivative |6. |of Underlying |8. |ities |Secur-|of |
|Exer- | |4. | Securities |Date |Securities |Price |Bene- |ity: |In- |
|cise |3. |Trans-| Acquired (A) |Exercisable and |(Instr. 3 and 4) |of |ficially |Direct|direct|
|Price |Trans- |action| or Disposed |Expiration Date |-----------------------|Deriv- |Owned |(D) or|Bene- |
1. |of |action |Code | of (D) |(Month/Day/Year) | |Amount |ative |at End |In- |ficial|
Title of |Deriv- |Date |(Instr| (Instr. 3, |-----------------| |or |Secur- |of |direct|Owner-|
Derivative |ative |(Month/ |8) | 4 and 5) |Date |Expira- | |Number |ity |Month |(I) |ship |
Security |Secur- |Day/ |------| ------------ |Exer- |tion | |of |(Instr. |(Instr. |(Instr|(Instr|
(Instr. 3) |ity |Year) |Code|V| (A) | (D) |cisable |Date |Title |Shares |5) |4) |4) |4) |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Call Option | | | | | | | | | | | | | | |
(obligation to | | | | | | | | | | | | | | |
sell) | $5.00 |1/15/99 | X | | | 1 |01/15/99|01/15/99|Common Stock |100,000 | | -0- | 01 | 01 |
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| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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</TABLE>
Instruction 4(b)(v) list of other Reporting Persons:
This statement is being filed by Goldman, Sachs & Co. ("Goldman Sachs") and The
Goldman Sachs Group, L.P. ("GS Group" and, together with Goldman Sachs, the
"Reporting Persons"). The principal business address of Goldman Sachs and GS
Group is 85 Broad Street, New York, New York 10004.
Explanation of Responses:
01: The securities reported herein as acquired and disposed of were acquired and
disposed of and may be deemed to have been beneficially owned directly by
Goldman Sachs and may be deemed to have been beneficially owned indirectly by GS
Group. Without admitting any legal obligation, Goldman Sachs will remit
appropriate profits, if any, to the Company. GS Group is the general partner of
and owns a 99% interest in Goldman Sachs. GS Group disclaims beneficial
ownership of the securities reported herein except to the extent of its
pecuniary interest therein.
02: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
102.6 shares of Common Stock which are beneficially and directly owned by the
Greene Street Exchange Fund, L.P. ("Greene Street"). Goldman Sachs is the
investment manager of Greene Street. An affiliate of Goldman Sachs and GS Group
is the general partner of Greene Street. GS Group is the general partner of and
owns a 99% interest in Goldman Sachs. The 102.6 shares reported herein as
indirectly beneficially owned by Goldman Sachs and GS Group represents GS
Group's proportionate interest in the shares of the Issuer owned by Greene
Street.
Signature:
THE GOLDMAN SACHS GROUP, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
Date: February 10, 1999
** 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 provided is insufficient, see Instruction 6 for procedures.
Alternatively, this Form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
