K-theory of triangulated categories 3 3/4: A direct proof of the theorem of the heart Amnon Neeman Let $\mathcal T$ be a triangulated categories, and assume it admits at least one model. In this article, we define a K-theory for $\mathcal T$. The main theorem is that, given any bounded t-structure on $\mathcal T$, the K-theory of the heart agrees with the K-theory of $\mathcal T$. An immediate consequence is that, if two abelian categories occur as hearts of a triangulated category for two different t-structures, then their K-theories must be isomorphic. The proof was sketched in previous articles in this series. The virtue of this article is in the careful detail in which it was written down.