SEC FORM 5

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

BELZBERG SAMUEL

(Last)

(First)

(Middle)

2600 - 1075 WEST GEORGIA STREET

(Street)

VANCOUVER

V6E 3C9

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
DIOMED HOLDINGS INC [ DIO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/31/2002	12/31/2002	C	2,000	A	⁽¹⁾	2,000	I	By Gibralt Capital Corp.
Common Stock	01/17/2003	01/17/2003	P	38,260	A	$50	40,260	I	By Gibralt US, Inc.
Common Stock	01/31/2003	01/31/2003	C	2,000	A	⁽¹⁾	42,260	I	By Gibralt Capital Corp.
Common Stock	02/28/2003	02/28/2003	C	2,000	A	⁽¹⁾	44,260	I	By Gibralt Capital Corp.
Common Stock	03/31/2003	03/31/2003	C	34,000	A	⁽¹⁾	78,260	I	By Gibralt Capital Corp.
Common Stock	11/25/2003	11/25/2003	C	764,000	A	$2	842,260	I	By Gibralt US, Inc.
Common Stock	11/25/2003	11/25/2003	C	813,517	A	⁽¹⁾	1,655,777	I	By Gibralt US, Inc.
Common Stock	11/25/2003	11/25/2003	C	457,471	A	$2.5	2,224,039	I	By Gibralt US, Inc.
Common Stock	12/30/2003	12/30/2003	J	2,145,779	D	⁽¹⁾	2,224,039	I	By Gibralt US, Inc. to Gibralt Capital Corp.
Common Stock	01/08/2004	01/08/2004	S	38,260	D	$2	2,185,779	I	By Gibralt US, Inc.
Common Stock	01/14/2004	01/14/2004	P	38,260	A	$2	2,224,039	I	By Gibralt US, Inc.
Common Stock	01/16/2004	01/16/2004	S	38,260	D	$2	2,185,779	I	By Gibralt US, Inc.
Common Stock	11/15/2004	11/15/2004	S	100,000	D	$3.137	2,085,779	I	By Gibralt Capital Corp.
Common Stock	11/16/2004	11/16/2004	S	69,600	D	$3.0015	2,016,179	I	By Gibralt Capital Corp.
Common Stock	11/17/2004	11/17/2004	S	30,400	D	$3.0602	1,985,779	I	By Gibralt Capital Corp.
Common Stock	11/18/2004	11/18/2004	S	77,500	D	$3.3001	1,908,279	I	By Gibralt Capital Corp.
Common Stock	11/19/2004	11/19/2004	S	49,600	D	$3.5058	1,858,679	I	By Gibralt Capital Corp.
Common Stock	11/23/2004	11/23/2004	S	49,200	D	$3.501	1,809,479	I	By Gibralt Capital Corp.
Common Stock	12/12/2004	12/12/2004	S	60,000	D	$3.768	1,749,479	I	By Gibralt Capital Corp.
Common Stock	12/12/2004	12/12/2004	S	40,000	D	$3.768	1,709,479	I	By Gibralt Capital Corp.
Common Stock	11/25/2003	11/25/2003	C	110,790	A	⁽¹⁾	1,766,567	I	By Gibralt US, Inc.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Convertible Preferred Stock	$50	12/31/2002	12/31/2002	C		50,000	12/31/2002	⁽¹⁾	Common Stock	50,000	⁽¹⁾	9,353,332⁽²⁾	I	By Gibralt Capital Corp.
Class A Convertible Preferred Stock	⁽¹⁾	01/03/2003	01/03/2002	A		50,000	⁽¹⁾	⁽¹⁾	Common Stock	50,000	⁽¹⁾	9,303,332⁽²⁾	I	By Gibralt Capital Corp.
Class A Convertible Preferred Stock	⁽¹⁾	02/28/2003	02/28/2003	C		50,000	⁽¹⁾	⁽¹⁾	Common Stock	50,000	⁽¹⁾	9,253,332⁽²⁾	I	By Gibralt Capital Corp.
Class A Convertible Preferred Stock	⁽¹⁾	08/31/2000	⁽¹⁾	P	999,999		⁽¹⁾	⁽¹⁾	Common Stock	999,999	$1	999,999⁽³⁾	I	By Gibralt Capital Corp.
Stock Options	$1.25	05/14/2001	⁽¹⁾	A	50,000		03/31/2003	05/13/2011	Common Stock	50,000	⁽¹⁾	1,049,000⁽³⁾	D
Warrants	$0.26	12/27/2002	⁽¹⁾	P	8,333,333		06/27/2003	06/27/2008	Common Stock	8,333,333	⁽⁴⁾	9,383,332⁽²⁾	I⁽⁴⁾	By Gibralt US, Inc.

Explanation of Responses:

1. N/A

2. Derivitive Securities representing in excess of this number of shares of Common Stock

3. Derivitive Securities representing this number of shares of Common Stock

4. (1)

	/s/ Samuel Belzberg	02/14/2005
	** 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).
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