Lineage Cell Therapeutics Inc. — Director's Dealing 2021

Jun 27, 2021

ORM F 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)
BRADSHER NEAL C	Lineage Cell Therapeutics, Inc. [ LCTX ]
(Last) (First) (Middle)	3. Date of Earliest Transaction (MM/DD/YYYY)	X Director X 10% Owner
		_ Officer (give title below) ___ Other (specify below)
C/O BROADWOOD CAPITAL	6/25/2021
INC., 142 WEST 57TH STREET, 11TH
FLOOR
(Street)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line)
NEW YORK, NY 10019 (City) (State) (Zip)		_X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

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

1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		or Disposed of (D) (Instr. 3, 4 and 5)	4. Securities Acquired (A)		5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form:	7. Nature of Indirect Beneficial
			Code	V	Amount	(A) or (D)	Price		Direct (D) or Indirect (I) (Instr. 4)	Ownership (Instr. 4)
Common Shares	6/25/2021		M		24720	A	\$2.20	87628	D
Common Shares								34005379	I	See (1) Footnote

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 (D)	Securities Acquired (A) or Disposed of (Instr. 3, 4 and 5)	6. Date Exercisable and Expiration Date		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	\$2.20	6/25/2021		M			24720	(2)	6/30/2021	COMMON SHARES	24720	\$0	0	D
OPTION TO PURCHASE COMMON SHARES	\$0.8263							(2)	7/1/2030	COMMON SHARES	40000		40000	D
OPTION TO PURCHASE COMMON SHARES	\$1.03							(2)	6/30/2029	COMMON SHARES	40000		40000	D
OPTION TO PURCHASE COMMON SHARES	\$1.67							(2)	6/30/2023	COMMON SHARES	49440		49440	D
OPTION TO PURCHASE COMMON SHARES	\$2.55							(2)	6/30/2022	COMMON SHARES	24720		24720	D

Explanation of Responses:

(1) These securities are directly owned by Broadwood Partners, L.P. ("Broadwood Partners") and may be deemed to be indirectly beneficially owned by: (i) Broadwood Capital, Inc. ("Broadwood Capital"), as General Partner of Broadwood Partners; and (ii) Neal C. Bradsher (the "Reporting Person"), as President of Broadwood Capital. Each of Broadwood Capital and the Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that Broadwood Capital or the Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

(2) These options are currently exercisable.

Reporting Owner Name / Address		Relationships
	Director	10% OwnerOfficerOther
BRADSHER NEAL C C/O BROADWOOD CAPITAL INC. 142 WEST 57TH STREET, 11TH FLOOR NEW YORK, NY 10019	X	X

Signatures

/s/ Neal C. Bradsher	6/25/2021
**Signature of Reporting Person	Date

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