Microbot Medical Inc. — Director's Dealing 2010

Mar 18, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEMCELLS INC (STEM)
CIK: 0000883975
Period of Report: 2010-03-16

Reporting Person: KOSHY GEORGE (chief accounting officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-16	Common Stock	S	15850	$1.21	Disposed	98100	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30930	Indirect

Footnotes

F1: Includes (1) 55,600 restricted stock units, with 1/4 vesting on each of the four anniversaries following the May 15, 2009 grant date and (2) 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.