CUSIP No.
422360305
HearUSA, Inc.
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(b)
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Address
of Issuer’s Principal Executive
Offices:
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1250
Northpoint Parkway
West Palm
Beach, FL 33407
Item
2.
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(a)
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Name
of Person Filing:
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Jack Silver
Sherleigh Associates Inc. Profit
Sharing Plan
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(b)
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Address
of Principal Business Office or, if none,
Residence:
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80
Columbus Circle PH76A
New York, NY 10023
United States
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(d)
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Title
of Class of Securities:
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Common Stock
422360305
Item
3. If this statement is filed pursuant to §§240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a)
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o
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Broker
or Dealer registered under Section 15 of the
Act
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(b)
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o
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Bank
as defined in section 3(a)(6) of the
Act
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(c)
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o
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Insurance
Company as defined in section 3(a)(19) of the
Act
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(d)
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o
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Investment
Company registered under section 8 of the Investment Company
Act
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(e)
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o
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Investment
Adviser registered under section 203 of the Investment Advisers Act of
1940
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CUSIP No.
422360305
(f)
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o
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Employee
Benefit Plan or endowment Fund in accordance with Rule
13d-1(b)(1)(ii)(F);
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(g)
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o
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Parent
Holding Company, in accordance with Rule
13d-1(b)(ii)(G);
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(h)
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o
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A
savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act;
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(i)
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o
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A
church plan that is excluded from the definition of an investment company
under section 3(c)(14) of the Investment Company Act of
1940;
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(j)
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o
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Group,
in accordance with Rule
13d-1(b)(1)(ii)(J).
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Item
4. Ownership.
(a) –
(c)
As of December 31, 2010,
Jack Silver beneficially owned 4,449,000 shares of Common Stock of HearUSA, Inc.
representing
9.8%
of the
outstanding Common Stock based on 45,447,433 shares of Common Stock outstanding
as reported in the issuer’s Quarterly Report on Form 10-Q for the quarter ended
September 25, 2010. Such shares of Common Stock beneficially owned by
Mr. Silver include: (i) 3,649,000 shares of Common Stock held by Sherleigh
Associates Inc. Profit Sharing Plan, a trust of which Mr. Silver is the trustee;
and (ii) 800,000 shares of Common Stock held by Jack Silver.
Mr.
Silver has the sole voting and dispositive power with respect to all 4,449,000
shares of Common Stock beneficially owned by him.
Item
5. Ownership of Five Percent or Less of a Class.
If this
statement is being filed to report the fact that as of the date hereof the
reporting person has ceased to be the beneficial owner of more than five percent
of the class of securities, check the following
o
.
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 or Control
Person.
Not applicable.
Item
8. Identification and Classification of Members of the
Group.
Not applicable.
Item
9. Notice of Dissolution of Group.
Not applicable.
CUSIP No.
422360305
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 such purposes or effect.
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.
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February 8, 2011
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Date
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/s/ Jack Silver
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Signature
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Jack Silver
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Name/Title
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Sherleigh
Associates Inc. Profit Sharing Plan
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By:
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/s/ Jack
Silver
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Name: Jack
Silver
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Title: Trustee
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