SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13G*
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
Angeion Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
03462H404
(CUSIP Number)
December 31, 2003
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
(Page 1 of 12 Pages)
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*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 purposes 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 No. 03462H404 13G Page 2 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Diker Micro-Value Fund, LP
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
246,467
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
246,467
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
246,467
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
6.9%
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(12) TYPE OF REPORTING PERSON ** PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 03462H404 13G Page 3 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Diker GP, LLC
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
246,467
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
246,467
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
246,467
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
6.9%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON ** OO
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 03462H404 13G Page 4 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Diker Management, LLC
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
246,467
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
246,467
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
246,467
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
6.9%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON ** OO;IA
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 03462H404 13G Page 5 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Charles M. Diker
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
246,467
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
246,467
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
246,467
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
6.9%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON ** IN
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 03462H404 13G Page 6 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Mark N. Diker
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
246,467
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
246,467
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
246,467
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
6.9%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON ** IN
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 03462H404 13G Page 7 of 12 Pages
Item 1(a). Name of Issuer:
The name of the issuer is Angeion Corporation (the "Company").
Item 1(b). Address of Issuer's Principal Executive Offices:
The Company's principal executive offices are located at 350 Oak Grove
Parkway, Saint Paul, Minnesota 55127.
Item 2(a). Name of Person Filing:
This statement is filed by:
(i) Diker Micro-Value Fund, LP, a Delaware limited partnership
(the "Partnership") with respect to the shares of Common Stock
(defined in Item 2(d) below) directly owned by it;
(ii) Diker GP, LLC, a Delaware limited liability company
("Diker GP"), as the general partner of the Partnership, with
respect to the shares of the Common Stock owned by the
Partnership;
(iii) Diker Management, LLC, a Delaware limited liability company
("Diker Management"), as the investment manager of the
Partnership, with respect to the shares of Common Stock owned
by the Partnership; and
(iv) Charles M. Diker and Mark N. Diker, each a citizen of the
United States, and the managing members of each of Diker GP and
Diker Management, with respect to the shares of Common Stock
subject to the control of Diker GP and Diker Management.
The foregoing persons (other than the Managed Accounts) are hereinafter
sometimes collectively referred to as the "Reporting Persons." Any disclosures
herein with respect to persons other than the Reporting Persons are made on
information and belief after making inquiry to the appropriate party.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business and principal office of the Reporting
Persons is 745 Fifth Avenue, Suite 1409, New York, New York 10151.
Item 2(c). Citizenship:
The Partnership is a Delaware limited partnership. Each of Diker GP and
Diker Management is a Delaware limited liability company. Each of Charles M.
Diker and Mark N. Diker is a United States citizen.
Item 2(d). Title of Class of Securities:
Common Stock, $0.10 par value (the "Common Stock").
Item 2(e). CUSIP Number:
03462H404
CUSIP No. 03462H404 13G Page 8 of 12 Pages
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), check whether the person filing is a:
(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) [X] Investment Adviser in accordance with Rule
13d-1(b)(1)(ii)(E),
<
(f) [ ] Employee Benefit Plan or Endowment Fund in accordance
with 13d-1 (b)(1)(ii)(F),
(g) [ ] Parent Holding Company or control person in accordance
with Rule 13d-1 (b)(1)(ii)(G),
(h) [ ] Savings Association as defined in Section 3(b) of the
Federal Deposit Insurance Act,
(i) [ ] 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).
If this statement is filed pursuant to 13d-1(c), check this box: [ ]
Item 4. Ownership.
A. Diker Micro-Value Fund, LP
(a) Amount beneficially owned: 246,467
(b) Percent of class: 6.9%. The percentages used herein and in the
rest of Item 4 are calculated based upon the 3,597,638 shares of Common Stock
issued and outstanding as of January 5, 2004 as reflected in the Company's form
10-KSB for the period ending October 31, 2003 as filed on January 30, 2004.
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 246,467
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 246,467
CUSIP No. 03462H404 13G Page 9 of 12 Pages
B. Diker GP, LLC
(a) Amount beneficially owned: 246,467
(b) Percent of class: 6.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 246,467
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 246,467
C. Diker Management, LLC
(a) Amount beneficially owned: 246,467
(b) Percent of class: 6.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 246,467
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 246,467
D. Charles M. Diker
(a) Amount beneficially owned: 246,467
(b) Percent of class: 6.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 246,467
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 246,467
E. Mark N. Diker
(a) Amount beneficially owned: 246,467
(b) Percent of class: 6.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 246,467
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 246,467
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The Partnership is a private investment partnership, the sole general
partner of which is Diker GP. As the sole general partner of the Partnership,
Diker GP has the power to vote and dispose of the shares of Common Stock owned
by the Partnership, and, accordingly, may be deemed the "beneficial owner" of
such shares. Pursuant to an investment advisory agreement, Diker Management
serves as the investment manager of the Partnership. Accordingly, Diker
Management may be deemed the "beneficial owner" of shares held by the
Partnership. Charles M. Diker and Mark N. Diker are the managing members of each
of Diker GP and Diker Management, and in that capacity direct their operations.
CUSIP No. 03462H404 13G Page 10 of 12 Pages
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Each of the Reporting Persons hereby makes the following certification:
By signing below I certify that, to the best of my 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.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: February 13, 2004
DIKER MICRO-VALUE FUND, LP
By: DIKER GP, LLC
By: /s/ Mark N. Diker
---------------------------
Mark N. Diker
Managing Member
DIKER GP, LLC
By: /s/ Mark N. Diker
---------------------------
Mark N. Diker
Managing Member
DIKER MANAGEMENT, LLC
By: /s/ Mark N. Diker
---------------------------
Mark N. Diker
Managing Member
CUSIP No. 03462H404 13G Page 11 of 12 Pages
CHARLES M. DIKER, individually
By: /s/ Charles M. Diker
---------------------------
CHARLES M. DIKER
MARK N. DIKER, individually
By: /s/ Mark N. Diker
---------------------------
MARK N. DIKER
CUSIP No. 03462H404 13G Page 12 of 12 Pages
EXHIBIT 1
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JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
filing statements. The undersigned acknowledge that each shall be responsible
for the timely filing of such amendments, and for the completeness and accuracy
of the information concerning him, her or it contained herein, but shall not be
responsible for the completeness and accuracy of the information concerning the
other entities or persons, except to the extent that he, she or it knows or has
reason to believe that such information is inaccurate.
Dated as of February 13, 2004
DIKER MICRO-VALUE FUND, LP
By: DIKER GP, LLC
By: /s/ Mark N. Diker
---------------------------
Mark N. Diker
Managing Member
DIKER GP, LLC
By: /s/ Mark N. Diker
---------------------------
Mark N. Diker
Managing Member
DIKER MANAGEMENT, LLC
By: /s/ Mark N. Diker
---------------------------
Mark N. Diker
Managing Member
CHARLES M. DIKER, individually
By: /s/ Charles M. Diker
---------------------------
CHARLES M. DIKER
MARK N. DIKER, individually
By: /s/ Mark N. Diker
---------------------------
MARK N. DIKER