UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Angeion Corporation ------------------------------------------------------------- (Name of Issuer) Common Stock, $0.10 par value ------------------------------------------------------------- (Title of Class of Securities) ------------------------------------------------------------- Cusip Number 03462H404 Norman H. Pessin 366 Madison Avenue-14th Floor New York, New York 10017 (212) 661-2670 ------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) 6/25/08 ------------------------------------------------------------ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement of Schedule 13G to report the acquisition which is the subject of the Schedule 13D, and is filing this schedule because of ss. 240.13d-1(e), ss. 240.13d-1(f) or ss. 240.13d-1(g), check the following box |_|. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7(b) for other parties to whom copies are to be sent. *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 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). (Continued on following page(s)) PAGE 2 CUSIP No. 03462H404 Schedule 13D ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1) SEP IRA FBO Norman H. Pessin ###-##-#### 2) Sandra F. Pessin ###-##-#### ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [v] (b) [v] ------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 1) SEP IRA FBO Norman H. Pessin 209,887 2) Sandra F. Pessin 69,800 ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY --- OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 1) 209,887 PERSON 2) 69,800 WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER --- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1) 209,887 2) 69,800 ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1) 5.13% 2) 1.70% ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 3 CUSIP No. 03462H404 Schedule 13D Item 1. Security and Issuer This Schedule 13D relates to the common stock, $0.10 par value (the "Common Stock"), of Angeion Corporation (the "Issuer"), whose principal executive offices are located at 350 Oak Grove Parkway, Saint Paul, Minnesota 55127-8599. Item 2. Identity and Background This Schedule 13D is being filed by SEP F/B/O Norman H. Pessin and for Sandra F. Pessin (each a "Reporting Person") Certain information with respect to each Reporting Person is set forth below: Name and Address: 1) SEP IRA F/B/O Cusip Number 366 Madison Avenue-14th Floor New York, New York 10017 2) Sandra F. Pessin Cusip Number 366 Madison Avenue-14th Floor New York, New York 10017 Principal Occupation: 1) N.A. 2) Housewife Criminal convictions: 1) N.A. 2) None Civil proceedings: 1) N.A. 2) None Citizenship: 1) N.A. 2) United States Item 3. Source and Amount of Funds or Other Consideration. SEP IRA F/B/O Norman H. Pessin purchased 209,887 Shares of Common Stock as follows: 1) SEP IRA FBO Norman H. Pessin Purchase Date Shares Purchased Purchase Price Proceeds ------------- ---------------- -------------- -------- 06/20/2008 3,488 5.440 18,975 06/16/2008 8,899 5.440 48,411 06/05/2008 19,000 6.037 114,701 04/22/2008 10,000 7.040 70,400 04/03/2008 10,000 7.040 70,400 02/20/2008 1,700 7.861 13,364 02/19/2008 6,600 7.868 51,930 02/15/2008 3,400 7.946 27,017 12/11/2007 12,000 7.898 94,772 11/01/2007 2,097 7.691 16,129 10/30/2007 11,000 7.430 81,736 10/29/2007 7,000 7.275 50,927 08/07/2007 5,000 7.863 39,179 08/06/2007 6,763 7.840 53,019 06/11/2007 20,000 8.508 170,162 06/06/2007 14,500 9.233 133,883 09/28/2006 12,100 6.690 80,949 09/08/2006 7,500 4.033 30,250 06/14/2006 29,415 4.131 121,516 05/22/2006 16,057 4.962 79,683 05/17/2006 3,368 4.990 16,807 2) Sandra F. Pessin purchased 69,800 Shares of Common Stock as follows: Purchase Date Shares Purchased Purchase Price Proceeds ------------- ---------------- -------------- -------- 05/21/2008 1,500 5.679 8,519 05/20/2008 8,500 5.644 47,972 12/18/2007 5,000 7.510 37,548 12/12/2007 11,000 8.048 88,534 12/10/2007 1,300 7.581 9,855 11/16/2007 7,800 6.386 49,815 11/15/2007 2,000 6.389 12,779 08/23/2007 2,700 6.797 18,353 08/09/2007 10,000 6.910 69,100 08/08/2007 10,000 7.600 76,000 08/08/2007 10,000 7.489 74,893 CUSIP No. 03462H404 Item 4. Purposes of the Transactions The purposes of the transactions were to dispose of all shares of the issuer owned by the reporting persons. Item 5. Interest in Securities of the Issuer SEP IRA F/B/O Norman H. Pessin owns 209,887 shares of common stock of the Issuer. Sandra F. Pessin owns 69,800 shares. Item 6. Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer None. Item 7. Material to Be Filed as Exhibits None. Signatures 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. SEP IRA F/B/O Norman H. Pessin By: /s/ Norman H. Pessin ------------------------------------ Norman H. Pessin /s/ Sandra F. Pessin ------------------------------------ Sandra F. Pessin June 24, 2008