Inotiv, Inc. — Director's Dealing 2007

Nov 28, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BIOANALYTICAL SYSTEMS INC (BASI)
CIK: 0000720154
Period of Report: 2007-11-19

Reporting Person: Cordova Emilio (V.P. of Business Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-19	Common Stock	M	500	$8	Acquired	500	Direct
2007-11-19	Common Stock	F	466	$8.55	Disposed	34	Direct
2007-11-19	Common Stock	F	0	—	Acquired	100	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-19	Employee Stock Option (Right to Buy)	$8	M	500	Disposed	2007-11-25	Common Stock (500)	Direct

Footnotes

F1: These shares are owned by an Education IRA account for the benefit of the Reporting Person's son, Antonio Cordova, and indirectly by Emilio Cordova as Custodian.

F2: The option became exercisable in four equal installments of 25% each on November 25, 1999, November 25, 2000, November 25, 2001 and November 25, 2002.