FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * YOUNG RODNEY A   2. Issuer Name and Ticker or Trading Symbol ANGEION CORP/MN [ANGN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 350 OAK GROVE PARKWAY 3. Date of Earliest Transaction (Month/Day/Year) 12/31/2010 (Street) SAINT PAUL, MN 55127 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 12/31/2010   D   8,889 (1) D $ 0 56,065 D   Common Stock 12/31/2010   D   22,222 (2) D $ 0 33,843 D   Common Stock 03/22/2011   M   35,000 A $ 2.53 68,843 D   Common Stock 03/22/2011   F   18,109 (3) D $ 4.89 (4) 50,734 D   Common Stock 03/22/2011   F   1,870 (5) D $ 4.89 (4) 48,864 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (Right to Buy)

$ 2.53

03/22/2011

M

35,000

09/15/2005

09/15/2015

Common Stock

35,000

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
YOUNG RODNEY A 350 OAK GROVE PARKWAY SAINT PAUL, MN 55127	X

Signatures

Robert D. Bubalo, Attorney-in-Fact for Rodney A. Young		03/24/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The Reporting Person was granted 26,667 shares of restricted stock on August 28, 2008. One-third of the shares vested on the first and second anniversaries of the date of grant. The remaining 8,889 shares were forfeited when the Reporting Person stepped down as President and CEO of the Issuer effective December 31, 2010.
(2)	The Reporting Person was granted 33,333 shares of restricted stock on June 3, 2009. One-third of the shares vested on the first anniversary of the date of grant. The remaining 22,222 shares were forfeited when the Reporting Person stepped down as President and CEO of the Issuer effective December 31, 2010.
(3)	This Form 4 reports the delivery by attestation to the Issuer of 18,109 shares of stock already owned by the Reporting Person to pay the exercise price for 24,500 incentive stock options and 10,500 nonqualified stock options.
(4)	The price of $4.89 is equal to the fair market value on the date of exercise and is used to determine the value of the shares delivered by attestation to the Issuer for payment of both the option exercise price and the tax withholding obligation. The Board of Directors expressly authorized delivery by attestation for the Reporting Person.
(5)	The Reporting Person is required to pay the tax withholding obligation associated with the exercise of nonqualified stock options. Therefore, the Reporting Person has delivered by attestation to the Issuer 1,870 shares of stock already owned for the payment of this obligation.

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