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: 2007-11-23

Reporting Person: SHOUP RONALD E (Chief Scientific Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-23	Common Stock	M	4000	$8	Acquired	91715	Direct
2007-11-23	Common Stock	F	3850	$8.3	Disposed	87865	Direct
2007-11-23	Common Stock	F	0	—	Acquired	451	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-23	Employee Stock Option (Right to Buy)	$8	M	4000	Disposed	2007-11-25	Common Stock (4000)	Direct

Footnotes

F1: After giving effect to the transactions contemplated by this Form 4, Ronald E. and Paula J. Shoup jointly owned 87,865 shares, and Mr. Shoup also owned 451 shares individually.

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.