Inotiv, Inc. — Director's Dealing 2007

Nov 6, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BIOANALYTICAL SYSTEMS INC (BASI)
CIK: 0000720154
Period of Report: 2006-12-29

Reporting Person: SHOUP RONALD E (Chief Scientific Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-29	Common Stock	G	602	$0.00	Disposed	87915	Direct
2006-12-29	Common Stock	G	200	$0.00	Disposed	87715	Direct
2006-12-29	Common Stock	G	0	$0.00	Disposed	451	Direct

Footnotes

F1: The first transaction reported on this Form 4 is the donation of 602 shares from Ronald E. and Paula J. Shoup to a charitable organization. Mr. and Mrs. Shoup jointly beneficially owned 87,915 shares following this donation, and Mr. Shoup owned 451 shares individually.

F2: Mr. Shoup no longer has a reportable beneficial interest in a total of 200 shares indirectly through Ms. Paula J. Shoup, who served as custodian for the benefit of their two children, Sarah Jane Shoup (for 100 shares) and for Jason Andrew Shoup (also for 100 shares), which shares had previously been included for purposes of reporting Mr. Shoup's total beneficial ownership, because Sarah Jane Shoup and Jason Andrew Shoup each have reached the age of majority.

F3: After giving effect to the transactions reflected on this Form 4, Mr. and Mrs. Shoup jointly owned 87,715 shares. Mr. Shoup also owns 451 shares individually.