Amendment No. 2 to Schedule 13G

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

HEMOSENSE, INC.

(Name of Issuer)

COMMON STOCK, Par Value $0.001 per share

(Title of Class of Securities)

423691104

(CUSIP Number)

July 6, 2007

(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)

 

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 disclosures provided in a prior cover page.

The information required on 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 No. 423691104

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

            Visium Balanced Fund, LP

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

            (a)  ¨

            (b)  ¨

   
  3  

SEC USE ONLY

 

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Delaware

   

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

 

  5    SOLE VOTING POWER

 

            None

 

 

  6    SHARED VOTING POWER

 

            185,694 (See Item 4)

 

 

  7    SOLE DISPOSITIVE POWER

 

            None

 

 

  8    SHARED DISPOSITIVE POWER

 

            185,694 (See Item 4)

 

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            185,694 (See Item 4)

 

   
10  

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

 

            Not Applicable

 

 

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

            1.41 %

 

   
12  

TYPE OF REPORTING PERSON*

 

            OO

   

*SEE INSTRUCTIONS BEFORE FILLING OUT.

Page 2 of 18 Pages

 


CUSIP No. 423691104

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

            Visium Long Bias Fund, LP

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

            (a)  ¨

            (b)  ¨

   
  3  

SEC USE ONLY

 

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Delaware

   

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

 

  5    SOLE VOTING POWER

 

            None

 

 

  6    SHARED VOTING POWER

 

            7,739 (See Item 4)

 

 

  7    SOLE DISPOSITIVE POWER

 

            None

 

 

  8    SHARED DISPOSITIVE POWER

 

            7,739 (See Item 4)

 

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            7,739 (See Item 4)

 

   
10  

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

 

            Not Applicable

 

 

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

            .06%

 

   
12  

TYPE OF REPORTING PERSON*

 

            OO

   

*SEE INSTRUCTIONS BEFORE FILLING OUT.

Page 3 of 18 Pages

 


CUSIP No. 423691104

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

            Visium Balanced Offshore Fund, Ltd.

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

            (a)  ¨

            (b)  ¨

   
  3  

SEC USE ONLY

 

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Cayman Islands

   

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

 

  5    SOLE VOTING POWER

 

            None

 

 

  6    SHARED VOTING POWER

 

            261,989 (See Item 4)

 

 

  7    SOLE DISPOSITIVE POWER

 

            None

 

 

  8    SHARED DISPOSITIVE POWER

 

            261,989 (See Item 4)

 

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            261,989 (See Item 4)

 

   
10  

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

 

            Not Applicable

 

 

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

            1.98%

 

   
12  

TYPE OF REPORTING PERSON*

 

            CO

   

*SEE INSTRUCTIONS BEFORE FILLING OUT.

Page 4 of 18 Pages

 


CUSIP No. 423691104

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

            Visium Long Bias Offshore Fund, Ltd.

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

            (a)  ¨

            (b)  ¨

   
  3  

SEC USE ONLY

 

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Cayman Islands

   

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

 

  5    SOLE VOTING POWER

 

            None

 

 

  6    SHARED VOTING POWER

 

            54,602 (See Item 4)

 

 

  7    SOLE DISPOSITIVE POWER

 

            None

 

 

  8    SHARED DISPOSITIVE POWER

 

            54,602 (See Item 4)

 

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            54,602 (See Item 4)

 

   
10  

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

 

            Not Applicable

 

 

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

            .41%

 

   
12  

TYPE OF REPORTING PERSON*

 

            CO

   

*SEE INSTRUCTIONS BEFORE FILLING OUT.

Page 5 of 18 Pages


CUSIP No. 423691104

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

            Visium Capital Management, LLC

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

            (a)  ¨

            (b)  ¨

   
  3  

SEC USE ONLY

 

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Delaware

   

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

 

  5    SOLE VOTING POWER

 

            None

 

 

  6    SHARED VOTING POWER

 

            193,433 (See Item 4)

 

 

  7    SOLE DISPOSITIVE POWER

 

            None

 

 

  8    SHARED DISPOSITIVE POWER

 

            193,433 (See Item 4)

 

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            193,433 (See Item 4)

 

   
10  

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

 

            Not Applicable

 

 

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

            1.47%

 

   
12  

TYPE OF REPORTING PERSON*

 

            OO

   

Page 6 of 18 Pages

 


CUSIP No. 423691104

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

            Visium Asset Management, LLC

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

            (a)  ¨

            (b)  ¨

   
  3  

SEC USE ONLY

 

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Delaware

   

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

 

  5    SOLE VOTING POWER

 

            1,141,260 (See Item 4)

 

 

  6    SHARED VOTING POWER

 

            None

 

 

  7    SOLE DISPOSITIVE POWER

 

            1,141,260 (See Item 4)

 

 

  8    SHARED DISPOSITIVE POWER

 

            None

 

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            1,141,260 (See Item 4)

 

   
10  

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

 

            Not Applicable

 

 

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

            8.65%

 

   
12  

TYPE OF REPORTING PERSON*

 

            OO

   

*SEE INSTRUCTIONS BEFORE FILLING OUT.

Page 7 of 18 Pages


CUSIP No. 423691104

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

            Atlas Master Fund, Ltd.

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

            (a)  ¨

            (b)  ¨

   
  3  

SEC USE ONLY

 

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Cayman Islands

   

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

 

  5    SOLE VOTING POWER

 

            (See Item 4) None

 

 

  6    SHARED VOTING POWER

 

            631,236 (See Item 4)

 

 

  7    SOLE DISPOSITIVE POWER

 

            (See Item 4) None

 

 

  8    SHARED DISPOSITIVE POWER

 

            631,236 (See Item 4)

 

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            631,236 (See Item 4)

 

   
10  

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

 

            Not Applicable

 

 

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

            4.78%

 

   
12  

TYPE OF REPORTING PERSON*

 

            CO

   

Page 8 of 18 Pages

 


CUSIP No. 423691104

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

            Jacob Gottlieb

   
  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

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

 

  5    SOLE VOTING POWER

 

            1,141,260 (See Item 4)

 

 

  6    SHARED VOTING POWER

 

            None (See Item 4)

 

 

  7    SOLE DISPOSITIVE POWER

 

            1,141,260 (See Item 4)

 

 

  8    SHARED DISPOSITIVE POWER

 

            None (See Item 4)

 

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            1,141,260 (See Item 4)

 

   
10  

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

 

            Not Applicable

 

 

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

            8.65%

 

   
12  

TYPE OF REPORTING PERSON*

 

            IN

   

*SEE INSTRUCTIONS BEFORE FILLING OUT.

Page 9 of 18 Pages

 

 


CUSIP No. 423691104

 

Item 1 (a) Name of Issuer:

 

     Hemosense, Inc

 

   (b) Address of Issuer’s Principal Executive Offices:

 

     651 River Oaks Parkway
     San Jose, CA 95134

 

Item 2 (a) – (c) This statement is filed on behalf of the following:

(1) Visium Balanced Fund, LP, a Delaware limited partnership (“VBF”), with its principal business office at c/o Visum Asset Management, LLC, 950 Third Avenue, New York, NY 10022.

(6) Visium Long Bias Fund, LP, a Delaware limited partnership (“VLBF”), with its principal business office at c/o Visum Asset Management, LLC, 950 Third Avenue, New York, NY 10022.

(7) Visium Balanced Fund Offshore, Ltd., a Cayman Islands corporation (“VBFO”), with its principal business office at c/o Morgan Stanley Fund Services (Cayman) Limited, P.O. Box 2681GT, Century yard, 4th Floor, Cricket Square, Hutchins Drive, Grand Cayman, Cayman Islands, British West Indies.

(8) Visium Long Bias Fund Offshore, Ltd., a Cayman Islands corporation (“VLBFO”), with its principal business office at c/o Morgan Stanley Fund Services (Cayman) Limited, P.O. Box 2681GT, Century yard, 4th Floor, Cricket Square, Hutchins Drive, Grand Cayman, Cayman Islands, British West Indies.

(9) Visium Asset Management, LLC, a Delaware limited liability company (“VAM”), with its principal business office at Visum Asset Management, LLC, 950 Third Avenue, New York, NY 10022. VAM is the investment advisor to each of VBF, VLBF, VBFO and VLBFO.

(10) Visium Capital Management, LLC, a Delaware limited liability company (“VCM”), with its principal business office c/o Visum Asset Management, LLC, 950 Third Avenue, New York, NY 10022. VCM is the General Partner of VBF an VLBF.

 

Page 10 of 18 Pages


CUSIP No. 423691104

Atlas Master Fund, Ltd., (“AMF”) a Cayman Islands corporation (“AMF”), with its principal business office at c/o Walkers SPV Limited, Walker House, P.O. Box 908 GT, George Town, Grand Cayman, Cayman Islands, British West Indies.

 

  (d) Title of Class of Securities:

Common Stock,

 

  (e) CUSIP Number:

423691104

 

Item 3    If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Not Applicable

 

Item 4    Ownership:

VBF

 

  (a) Amount Beneficially Owned:

185,694 shares

 

  (b) Percent of Class:

1.41%

 

  (c) Number of Shares as to which person has:

 

  (i) sole power to vote or to direct vote:

None

 

  (ii) shared power to vote or to direct vote:

185,694 shares

 

  (iii) sole power to dispose or direct disposition of:

None

 

Page11 of 18 Pages


CUSIP No. 423691104

 

  (iv) shared power to dispose or to direct disposition of:

 

       185,694 shares

VLBF

 

  (a) Amount Beneficially Owned:

7,739 shares

 

  (b) Percent of Class:

.06%

 

  (c) Number of Shares as to which person has:

 

  (i) sole power to vote or to direct vote:

 

     None

 

  (ii) shared power to vote or to direct vote:

 

     7,739 shares

 

  (iii) sole power to dispose or direct disposition of:

 

     None

 

  (iv) shared power to dispose or to direct disposition of:

 

     7,739 shares

VBFO

 

  (a) Amount Beneficially Owned:

 

     261,989 shares

 

  (b) Percent of Class:

 

     1.98%

 

Page 12 of 18 Pages


CUSIP No. 423691104

 

  (c) Number of Shares as to which person has:

 

  (i) sole power to vote or to direct vote:

 

       None

 

  (ii) shared power to vote or to direct vote:

 

       261,989 shares

 

  (iii) sole power to dispose or direct disposition of:

 

       None

 

  (iv) shared power to dispose or to direct disposition of:

 

       261,989 shares

VLBFO

 

  (a) Amount Beneficially Owned:

 

       54,602 shares

 

  (b) Percent of Class:

 

       .41%

 

  (c) Number of Shares as to which person has:

 

  (i) sole power to vote or to direct vote:

 

       None

 

  (ii) shared power to vote or to direct vote:

 

       54,602 shares

 

  (iii) sole power to dispose or direct disposition of:

 

       None

 

Page 13 o f 18 Pages


CUSIP No. 423691104

 

  (iv) shared power to dispose or to direct disposition of:

 

       54,602 shares

VAM

 

  (a) Amount Beneficially Owned:

By virtue of its position as investment advisor to each of VBF, VLBF, VBFO and VLBFO as well as managing an account for AMF, VAM may be deemed to beneficially own the 1,141,260 shares of the Company’s Common Stock beneficially owned by VBF, VLBF, VBFO and VLBFO as well as the shares of the Company’s Common Stock in the AMF managed account.

 

  (b) Percent of Class:

 

       8.65%

 

  (c) Number of Shares as to which person has:

 

  (i) sole power to vote or to direct vote:

 

       1,141,260 shares

 

  (ii) shared power to vote or to direct vote:

 

       None

 

  (iii) sole power to dispose or direct disposition of:

 

       1,141,260 shares

 

  (iv) shared power to dispose or to direct disposition of:

 

       None

VCM

 

  (a) Amount Beneficially Owned:

By virtue of its position as General Partner to each of VBF and VLBF, VCM may be deemed to beneficially own the 193,433 shares of the Company’s Common Stock beneficially owned by VBF and VLBF.

 

Page 14 o f 18 Pages


CUSIP No. 423691104

 

  (b) Percent of Class:

 

       1.47%

 

  (c) Number of Shares as to which person has:

 

  (i) sole power to vote or to direct vote:

 

       None

 

  (ii) shared power to vote or to direct vote:

 

       193,433 shares

 

  (iii) sole power to dispose or direct disposition of:

 

       None

 

  (iv) shared power to dispose or to direct disposition of:

 

       193,433 shares

Jacob Gottlieb

 

  (a) Amount Beneficially Owned:

By virtue of his position as the principal of VAM and the sole managing member of VCM, Dr. Gottlieb may be deemed to beneficially own the 1,141,260 shares of the Company’s Common Stock beneficially owned by VAM.

 

  (b) Percent of Class:

 

       8.65%

 

  (c) Number of Shares as to which person has:

 

  (i) sole power to vote or to direct vote:

 

       1,141,260 shares

 

  (ii) shared power to vote or to direct vote:

 

Page 15 of 18 Pages


CUSIP No. 423691104

 

       None

 

  (iii) sole power to dispose or direct disposition of:

 

       1,141,260 shares

 

  (iv) shared power to dispose or to direct disposition of:

 

       None

Ownership:

 

     AMF

 

  (a) Amount Beneficially Owned:

 

       631,236 shares

 

  (b) Percent of Class:

 

       4.78%

 

  (c) Number of Shares as to which person has:

 

  (i) sole power to vote or to direct vote:

 

       None

 

  (ii) shared power to vote or to direct vote:

 

       631,236 shares

 

  (iii) sole power to dispose or direct disposition of:

 

       None

 

Page 16 of 18 Pages


CUSIP No. 423691104

 

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:

 

     Not Applicable

 

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:

 

     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.

 

Page 17 of 18 Pages


CUSIP No. 423691104

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.

Date: July 6, 2007

 

By:

 

 

  

VISIUM ASSET MANAGEMENT, LLC

/s/ Mark Gottlieb

Mark Gottlieb

Authorized Signatory

  

By:

 

 

  

VISIUM LONG BIAS FUND, LP

/s/ Mark Gottlieb

Mark Gottlieb

Authorized Signatory

By:

 

 

  

VISIUM BALANCED FUND, LP

/s/ Mark Gottlieb

Mark Gottlieb

Authorized Signatory

  

By:

 

 

  

VISIUM BALANCED OFFSHORE FUND, LTD.

/s/ Mark Gottlieb

Mark Gottlieb

Authorized Signatory

By:

 

 

  

VISIUM CAPITAL MANAGEMENT, LLC

/s/ Mark Gottlieb

Mark Gottlieb

Authorized Signatory

  

By:

 

 

  

VISIUM LONG BIAS OFFSHORE FUND, LTD.

/s/ Mark Gottlieb

Mark Gottlieb

Authorized Signatory

By:

 

  

JACOB GOTTLIEB

/s/ Mark Gottlieb

Authorized Signatory

  

By:

 

  

ATLAS MASTER FUND, LTD.

/s/ Matthew Siclari

Authorized Signatory

 

Page 18 of 18 Pages