Lineage Cell Therapeutics Inc. — Director's Dealing 2017

Jul 6, 2017

FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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 ANDREWS DEBORAH J						2. Issuer Name and Ticker or Trading Symbol BIOTIME INC [ BTX ]									5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner
(Last)	(First) (Middle)					3. Date of Earliest Transaction (Month/Day/Year) 07/01/2017									below)	Officer (give title		below)	Other (specify
1911 WALKER AVENUE						4. If Amendment, Date of Original Filed (Month/Day/Year)										6. Individual or Joint/Group Filing (Check Applicable Line)
(Street) MONROVIA CA 91016															X Form filed by One Reporting Person Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)						2A. Deemed Execution Date, if any (Month/Day/Year)			3. Transaction Code (Instr. and 5) 8)			4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4			5. Amount of Securities Beneficially Owned Following		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)		7. Nature of Indirect Beneficial Ownership (Instr. 4)
								Code	V	Amount	(D)	(A) or	Price	Reported	Transaction(s) (Instr. 3 and 4)
Common Shares, no par value																6,000		D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction 3A. Deemed Date Execution Date, (Month/Day/Year) if any (Month/Day/Year)			4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)			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 Reported Transaction(s) (Instr. 4)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
					Code		V (A)	(D)	Date Exercisable	Expiration Date		Title	or of	Amount Number Shares
Option to Purchase Common Shares	\$3.15	07/01/2017			A		20,000		(1)		06/30/2022	Common Shares		20,000	\$0.00	20,000		D
Option to Purchase Common Shares	\$2.72								(2)		06/30/2021	Common Shares		20,000		20,000		D
Option to Purchase Common Shares	\$3.57								(3)		06/30/2020	Common Shares		20,000		20,000		D
Option to Purchase Common Shares	\$3.11								(4)		06/30/2019	Common Shares		20,000		20,000		D
Option to Purchase Common Shares	\$2.86								(5)		04/10/2019	Common Shares		20,000		20,000		D

Explanation of Responses:

1. Will become exercisable in four equal quarterly installments after the date of grant on July 1, 2017 based upon continued service on the board of directors.

2. Became exercisable in four equal quarterly installments after the date of grant on July 1, 2016.

3. Became exercisable in four equal quarterly installments after the date of grant on July 1, 2015.

4. Became exercisable in four equal quarterly installments after the date of grant on July 1, 2014.

5. Became exercisable in four equal quarterly installments after the date of grant on April 11, 2014.

Remarks:

** Signature of Reporting Person Date

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