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: CRAIG STEWART (SVP, Development & Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-01	Common Stock	A	200000	$0.00	Acquired	293333	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	100000	Acquired	2020-06-01	Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8047	Indirect

Footnotes

F1: Includes (1) 200,000 restricted stock units, with 50,000 vesting on each of June 1, 2011, June 1, 2012, June 1, 2013, and June 1, 2014, and (2) 93,333 restricted stock units, with 23,333 vesting on each of September 15, 2010, September 15, 2011, September 15, 2012, and September 15, 2013.

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.