Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Streets Daniel W
   2. Issuer Name and Ticker or Trading Symbol
LIFELINE THERAPEUTICS, INC. [LFLT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Former Officer
(Last)
(First)
(Middle)
22130 E. COSTILLA DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
05/27/2005
(Street)

AURORA, CO 80016		 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 05/27/2005   J(1)(2)(3) V 2,008,500 D (6) 1,004,250 I By Wife
Common Stock 05/27/2005   J(1) V 1,004,250 A (6) 600,000 I By Trust
Common Stock 05/27/2005   J(2) V 600,000 A (6) 458,911 (4) D  
Common Stock 05/27/2005   J(3) V 404,250 A (6) 43,816 I By Wife's IRA

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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
Bridge Note Warrants $ 2 04/18/2005   J(5)   0 (5)   04/18/2005 04/18/2008 Common Stock 14,491 $ 2 14,491 D  
Bridge Note Warrants $ 2 04/18/2005   J(5)   0 (5)   04/18/2005 04/18/2008 Common Stock 43,816 $ 2 43,816 I By Wife's IRA
Unit Warrants $ 2.5 04/18/2005   J(5)   0 (5)   04/18/2005 04/18/2008 Common Stock 14,491 $ 2.5 14,491 D  
Unit Warrants $ 2.5 04/18/2005   J(5)   0 (5)   04/18/2005 04/18/2008 Common Stock 43,816 $ 2.5 43,816 I By Wife's IRA

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Streets Daniel W
22130 E. COSTILLA DRIVE
AURORA, CO 80016		       Former Officer

Signatures

 Daniel W. Streets   06/22/2005
**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) (1) On June 2, 2005, Dan and Carol Streets transferred 1,004,250 shares of common stock to Carol W. Streets.
(2) (2) On June 2, 2005, Dan and Carol Streets transferred 600,000 shares of common stock to a grantor retained annuity trust, "Daniel W. Streets 2005 Retained Annuity Trust."
(3) (3) On June 2, 2005, Dan and Carol Streets transferred 404,250 shares of common stock to Daniel W. Streets.
(4) 54,661 owned by Daniel W. and Carol H. Streets and joint tenants
(5) This transaction is a carryforward of derivative securities held.
(6) Transfer in ownership

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