Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No 5)*

HearUSA, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

422360305
(CUSIP Number)

December 31, 2009
(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 the disclosures provided in a prior cover page.

The information required in 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.

 
 
 
 
CUSIP No. 422360305
 
1
NAME OF REPORTING PERSON
 
JACK SILVER
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) ¨ 
(b) x    
 
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
 
4,417,008
6
SHARED VOTING POWER
 
0
7
SOLE DISPOSITIVE POWER
 
4,417,008
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,417,008
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨ 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
9.9%
12
TYPE OF REPORTING PERSON
 
IN

 
 
 
 
CUSIP No. 422360305
 
1
NAME OF REPORTING PERSON
 
SHERLEIGH ASSOCIATES INC. PROFIT SHARING PLAN
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) ¨ 
(b) x 
 
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
 
3,363,575
6
SHARED VOTING POWER
 
0
7
SOLE DISPOSITIVE POWER
 
3,363,575
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,363,575
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨ 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
7.6%
12
TYPE OF REPORTING PERSON
 
EP

 
 
 
 
CUSIP No. 422360305

Item 1.

(a) 
Name of Issuer:

HearUSA, Inc.

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

1250 Northpoint Parkway
West Palm Beach, FL 33407

Item 2.

(a) 
Name of Person Filing:

Jack Silver
Sherleigh Associates Inc. Profit Sharing Plan

(b) 
Address of Principal Business Office or, if none, Residence:

80 Columbus Circle PH76A
New York, NY 10023
 
(c) 
Citizenship:

United States

(d) 
Title of Class of Securities:

Common Stock

(e) 
CUSIP Number:

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)
¨
Broker or Dealer registered under Section 15 of the Act
     
(b)
¨
Bank as defined in section 3(a)(6) of the Act
     
(c)
¨
Insurance Company as defined in section 3(a)(19) of the Act
     
(d)
¨
Investment Company registered under section 8 of the Investment Company Act
     
(e)
¨
Investment Adviser registered under section 203 of the Investment Advisers Act of 1940

 
 
 
 
CUSIP No. 422360305
 
(f)
¨
Employee Benefit Plan or endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F);
     
(g)
¨
Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G);
     
(h)
¨
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
     
(i)
¨
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;
     
(j)
¨
Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
 
Item 4.  Ownership.

(a) – (c)

As of December 31, 2009, Jack Silver beneficially owned 4,417,008 shares of Common Stock of HearUSA, Inc. representing 9.9% of the outstanding Common Stock based on 44,362,806 shares of Common Stock outstanding as reported in the issuer’s Quarterly Report on Form 10-Q for the quarter ended September 26, 2009.  Such shares of Common Stock beneficially owned by Mr. Silver include: (i) 3,363,575 shares of Common Stock held by Sherleigh Associates Inc. Profit Sharing Plan, a trust of which Mr. Silver is the trustee; (ii) 800,000 shares of Common Stock held by Jack Silver; (iii) 100,000 shares of Common Stock issuable upon exercise of warrants held by Jack Silver; and (iv) 200,000 shares of Common Stock issuable upon exercise of warrants held by Mr. Silver, but excludes shares of Common Stock underlying such warrants to the extent  following the exercise thereof Mr. Silver or his affiliates would be deemed to beneficially own more than 9.9% of the total number of issued and outstanding Common Stock of the Issuer.  Such warrants cannot be exercised to the extent following the exercise thereof, the holder or its affiliates would beneficially own more than 9.9% of the total number of issued and outstanding Common Stock of the Issuer.

Mr. Silver has the sole voting and dispositive power with respect to all 4,417,008 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.

 
CUSIP No. 422360305
 
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 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.

February 12, 2010
Date
 
/s/ Jack Silver
Signature
 
Jack Silver
Name/Title
 
Sherleigh Associates Inc. Profit Sharing Plan
   
By:
/s/ Jack Silver
Title:  Trustee