Inotiv, Inc. — Director's Dealing 2007

Nov 27, 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: REEVES-KERNER LINA L (V.P. Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-19	Common Stock	M	1000	$8	Acquired	1614	Direct
2007-11-19	Common Stock	F	931	$8.55	Disposed	683	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-19	Employee Stock Option (Right to Buy)	$8	M	1000	Disposed	2007-11-25	Common Stock (1000)	Direct

Footnotes

F1: Owned jointly with George Kerner.

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.