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Sunshine Heart Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)


Sunshine Heart, Inc. (NASDAQ: SSH), today announced that on October 8, 2015, the Compensation Committee of its Board of Directors, which is composed entirely of independent directors, approved two equity awards under Sunshine Heart's New-Hire Equity Incentive Plan, as material inducements to two individuals entering into employment with the Company. The equity awards were approved in accordance with NASDAQ Listing Rule 5635(c)(4), which also requires a public announcement of equity awards that are not made under a stockholder approved equity plan.

In connection with entering into employment with Sunshine Heart, the two individuals, who were not previously employees or directors of Sunshine Heart, or following a bona fide period of non-employment, received options to purchase an aggregate of 25,000 shares of the Company's common stock. The options have an exercise price of $2.59 per share, which is equal to the closing price of the Company's common stock on October 8, 2015. The options have ten-year terms and vest over a period of four years, with 25% vesting one year after the date of grant and the remaining 75% vesting in 36 approximately equal monthly increments, provided the new hire's employment is continuing on

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