Microbot Medical Inc. — Director's Dealing 2010

Jun 24, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEMCELLS INC (STEM)
CIK: 0000883975
Period of Report: 2010-06-01

Reporting Person: KOSHY GEORGE (chief accounting officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-01	Common Stock	A	100000	$0.00	Acquired	184200	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-06-01	Stock Option (right to purchase)	$1.02	A	25000	Acquired	2020-06-01	Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	33749	Indirect

Footnotes

F1: Includes (1) 100,000 restricted stock units, with 25,000 vesting on each of June 1, 2011, June 1, 2012, June 1, 2013, and June 1, 2014; (2) 41,700 restricted stock units, with 13,900 vesting on each of May 15, 2011, May 15, 2012 and May 15, 2013l; and (3) 27,500 restricted stock units, vesting on March 10, 2011.

F2: Shares held in 401(k) account in accordance with issuer's employer-match policies.

F3: Employee stock option; vests 1/4 on the first anniversary of the grant and 1/48 per month thereafter.