Lineage Cell Therapeutics Inc. — Director's Dealing 2016

Mar 6, 2016

F ORM 4
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[ ] Check this box if no longer subject to Section 16. Form 4 or continue. See Instruction 1(b).

FORM 4 Washington, D.C. 20549

OMB Number: 3235-0287 Estimated average burden hours per response... 0.5

Form 5 obligations may UNITED STATES SECURITIES AND EXCHANGE COMMISSION STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES OMB APPROVAL

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person *	2. Issuer Name and Ticker or Trading Symbol	5. Relationship of Reporting Person(s) to Issuer
		(Check all applicable)
SEGALL JUDITH	BIOTIME INC [ BTX ]
(Last) (First) (Middle)	3. Date of Earliest Transaction (MM/DD/YYYY)	__ X __ Director _____ 10% Owner
		__ X __ Officer (give title below) _____ Other (specify below)
1010 ATLANTIC AVENUE, SUITE 102	1/20/2016	Vice President & Secretary
(Street)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security	2. Trans. Date	2A. Deemed	3. Trans. Code			4. Securities Acquired (A)		5. Amount of Securities Beneficially Owned	6.	7. Nature
(Instr. 3)		Execution	(Instr. 8)			or Disposed of (D)		Following Reported Transaction(s)	Ownership	of Indirect
		Date, if any			(Instr. 3, 4 and 5)			(Instr. 3 and 4)	Form:	Beneficial
									Direct (D)	Ownership
									or Indirect	(Instr. 4)
						(A) or			(I) (Instr.
			Code	V	Amount	(D)	Price		4)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)

1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		Expiration Date	6. Date Exercisable and	7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following	10. Ownership Form of Derivative Security: Direct (D)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares		Reported Transaction(s) (Instr. 4)	or Indirect (I) (Instr. 4)
Option to Purchase Common Shares	\$2.50	1/20/2016		A		25000		(1)	1/19/2026	Common Shares	25000	\$0.00	25000	D
Option to Purchase Common Shares	\$4.23							(2)	3/2/2025	Common Shares	50000		50000	D
Option to Purchase Common Shares	\$3.51							(3)	3/19/2021	Common Shares	50000		50000	D
Option to Purchase Common Shares	\$4.22							(4)	2/19/2020	Common Shares	50000		50000	D

Explanation of Responses:

( 1) One quarter of the options shall vest upon the completion of 12 months of continuous employment from the date of grant and the balance shall vest in 36 monthly installments upon the completion of each month of continuous employment from the first anniversary of the date of grant.

( 2) One quarter of the options vested on March 2, 2016 and the balance shall vest in 36 monthly installments thereafter upon the completion of each month of continuous employment.

( 3) 1/48th of the number of options will vest and become exercisable at the end of each full month of employment after March 20, 2014.

( 4) 1/48th of the number of options will vest and become exercisable at the end of each full month of employment after January 1, 2013.

Reporting Owners

Reporting Owner Name / Address			Relationships
	Director	10% OwnerOfficer		Other
SEGALL JUDITH 1010 ATLANTIC AVENUE SUITE 102 ALAMEDA, CA 94501	X		Vice President & Secretary

/s/Judith Segall	3/4/2016
** Signature of Reporting Person	Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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