Microbot Medical Inc. — Director's Dealing 2011

Mar 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEMCELLS INC (STEM)
CIK: 0000883975
Period of Report: 2011-03-11

Reporting Person: MCGLYNN MARTIN M (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-11	Common Stock	F	50435	$0.81	Disposed	1500213	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	41132	Indirect

Footnotes

F1: Includes (1) 1,200,000 restricted stock units, with 400,000 of this grant vesting on each of June 25, 2011, June 25, 2012 and June 25, 2013 and (2) 176,000 restricted stock units, with 58,667 of this grant vesting on each of May 15, 2011, May 15, 2012 and May 15, 2013.

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