-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Dceq4rnJyonovVVW9bpTW7MZ8xC4lRypXexFwUqnV9QX4X0b1vKJfH/dswArJpwQ BiTum2XvYhU/eEpLqMireQ== /in/edgar/work/20000707/0000919574-00-000639/0000919574-00-000639.txt : 20000920 0000919574-00-000639.hdr.sgml : 20000920 ACCESSION NUMBER: 0000919574-00-000639 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000707 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ATS MEDICAL INC CENTRAL INDEX KEY: 0000824068 STANDARD INDUSTRIAL CLASSIFICATION: [3842 ] IRS NUMBER: 411595629 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-49437 FILM NUMBER: 669423 BUSINESS ADDRESS: STREET 1: 3905 ANNAPOLIS LA STREET 2: SUITE 105 CITY: MINNEAPOLIS STATE: MN ZIP: 55447 BUSINESS PHONE: 6125537736 MAIL ADDRESS: STREET 1: 3905 ANNAPOLIS LANE STREET 2: SUITE 105 CITY: MINNEAPOLIS STATE: MN ZIP: 55447 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MASTERS CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001104186 STANDARD INDUSTRIAL CLASSIFICATION: [ ] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O SEWARD & KISSEL STREET 2: ONE BATTERY PARK PLAZA CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2125741200 MAIL ADDRESS: STREET 1: C/O SEWARD & KISSEL STREET 2: ONE BATTERY PARK PLAZA CITY: NEW YORK STATE: NY ZIP: 10004 SC 13G 1 0001.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Amendment No.: * Name of Issuer: ATS Medical, Inc. Title of Class of Securities: Common Stock CUSIP Number: 002083103 (Date of Event Which Requires Filing of this Statement) June 21, 2000 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: / / Rule 13d-1(b) /x/ Rule 13d-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). CUSIP Number: 002083103 1. Name of Reporting Person I.R.S. Identification No. of Above Person Masters Capital Management, LLC 2. Check the Appropriate Box if a Member of a Group a. b. X 3. SEC Use Only 4. Citizenship or Place of Organization Georgia Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power: 6. Shared Voting Power: 825,000 7. Sole Dispositive Power: 8. Shared Dispositive Power: 825,000 9. Aggregate Amount Beneficially Owned by Each Reporting Person 825,000 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares 2 11. Percent of Class Represented by Amount in Row (9) 4.34% 12. Type of Reporting Person 00 3 Item 1(a) Name of Issuer: ATS Medical, Inc. (the "Company") (b) Address of Issuer's Principal Executive Offices: 3905 Annapolis Lane, Ste. 105 Minneapolis, Minnesota 55446 Item 2(a) - (c). Name, Principal Business Address, and Citizenship of Persons Filing: Masters Capital Management, LLC ("Masters") 3060 Peachtree Road, NW, Suite 1815 Atlanta, GA 30305 Master Capital Management, LLC - Georgia limited liability company (d) Title of Class of Securities: Common Stock ("Common Stock") (e) CUSIP Number: 002083103 Item 3. If this statement is filed pursuant to Rule 13d-1(b)(1) or 13d-2(b) or (c) check whether the person filing is: (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, (e) / / Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940, (f) / / Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund, (g) / / Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G), (h) / / Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act, 4 (i) / / Church plan excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act, (j) / / Group, in accordance with Rule 13d- 1(b)(1)(ii)(H). If this statement is filed pursuant to Rule 13d-1(c), check this box. /X/ Item 4. Ownership. (a) Amount Beneficially Owned as of June 21, 2000: 1,054,000 shares beneficially owned by Masters Capital Management, LLC. Amount Beneficially Owned as of July 5, 2000: 825,000 shares beneficially owned by Masters Capital Management, LLC. (b) Percent of Class: As of June 21, 2000: 5.538% As of July 5, 2000: 4.34% (c) Masters Capital Management, LLC as of June 21, 2000: 0 shares with sole power to vote or to direct the vote; 1,054,000 shares with shared power to vote or to direct the vote; 0 shares with sole power to dispose or to direct the disposition of; 1,054,000 shares with shared power to dispose of or to direct the disposition of Master Capital Management, LLC as of July 5, 2000: 0 shares with sole power to vote or to direct the vote; 825,000 shares with shared power to vote or to direct the vote; 0 shares with sole power to dispose or to direct the disposition of; 825,000 shares with shared power to dispose of or to direct the disposition of Item 5. Ownership of Five Percent or Less of a Class. The reporting person has ceased to be the beneficial owner of more than five percent of the class of securities. 5 Item 6. Ownership of More than Five Percent on Behalf of Another Person. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported by the Parent Holding Company. N/A Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of the Group. N/A Item 10. Certification for Rule 13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. MASTERS CAPITAL MANAGEMENT, LLC By: /s/ Michael Masters ______________________ Michael Masters, Managing Member July 7, 2000 6 02115001.AA4 -----END PRIVACY-ENHANCED MESSAGE-----