UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO

RULE 13d-2(b)

 

CHF Solutions, Inc.

(Name of Issuer)

 

COMMON STOCK

(Title of Class of Securities)

 

12542Q 102

(CUSIP Number)

 

November 15, 2017

(Date of Event Which Requires Filing of This Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

☐  Rule 13d-1(b)

☒  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 disclosures provided in a prior cover pages.

 

The information required on the reminder 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 No. 12542Q 102

 

 

 

1

NAME OF REPORTING PERSONS

 

Trend Discovery, LP

 

S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

45-2466615

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a) ☐

(b) ☒

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF
SHARES
5

SOLE VOTING POWER

 

0

BENEFICIALLY
OWNED BY

EACH

6

SHARED VOTING POWER

 

0

REPORTING
PERSON

WITH

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.00%

12

TYPE OF REPORTING PERSON*

 

PN

       

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Item 1.

 

This statement on Schedule 13G/A (“Amendment”) amends the following sections of the Schedule 13G filed with the Securities and Exchange Commission on October 12, 2017 (collectively, the “Statement”) and relates to the common stock of CHF Solutions, Inc., a Delaware corporation (the “Issuer”). The principal executive office of the Issuer is 11377 West Olympic Boulevard, Los Angeles, California 90064.

 

Item 2(a). Name of Person Filing.

 

The statement is filed by Brad Hoagland (the “Reporting Person”).

 

Item 2(b). Address of Principal Business Office or, if None, Residence.

 

Trend Discovery, LP

601 Cape Eleuthra Road

Bethany Beach, Delaware 19930

 

Item 2(c). Citizenship.

 

United States

 

Item 2(d). Title of Class of Securities.

 

Common Stock, $0.0001 par value.

 

Item 2(e). CUSIP Number.

 

12542Q 102

 

Item 3. Type of Person

 

Not applicable.

 

Item 4. Ownership.

 

(a) Amount beneficially owned: 0 shares of Common Stock

 

(b) Percent of class: 0.0%

 

(c) Number of shares as to which the person has:

 

(i) Sole power to vote or to direct the vote: 0

(ii) Shared power to vote or to direct the vote: 0

(iii) Sole power to dispose or to direct the disposition of: 0

(iv) Shared power to dispose or to direct the disposition of: 0

 

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Item 5. Ownership of Five Percent or Less of a Class.

 

Yes, on November 15, 2017, the Reporting Person sold all of its shares of the Issuer’s common stock in open market transactions and, with the filing of this Statement, ceases to be a beneficial owner of more than 5% of the Issuer’s common stock.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 

Not applicable.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported 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. Certifications.

 

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.

 

 4 

 

 

SIGNATURE

 

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.

 

  TREND DISCOVERY, LP
   

Date: November 28, 2017

By: 

/s/ Brad Hoagland

   

Brad Hoagland

Managing Member

 

 

 

5