Inotiv, Inc. — Director's Dealing 2010

May 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BIOANALYTICAL SYSTEMS INC (BASI)
CIK: 0000720154
Period of Report: 2010-05-12

Reporting Person: Chilton Anthony S (Director, CEO and President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-12	Option to purchase common shares	$.99	A	125000	Acquired	2020-05-12	Common Stock (125000)	Direct

Footnotes

F1: The option is exercisable in three equal annual installments beginning on January 31, 2011.