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: Young Rodney KB (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-11	Common Stock	F	25750	$0.81	Disposed	449200	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7314	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) 170,000 restricted stock units, with 56,667 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.