Microbot Medical Inc. — Director's Dealing 2012

Jun 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEMCELLS INC (STEM)
CIK: 0000883975
Period of Report: 2012-06-01

Reporting Person: CRAIG STEWART (SVP, Development & Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-01	Common Stock	F	1834	$0.68	Disposed	153954	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8310	Indirect

Footnotes

F1: This is recorded as a Code F disposition because the shares were used by the reporting person to pay a tax liability incurred by him from the delivery of shares incident to the vesting of restricted stock units.

F2: Includes (1) 130,000 restricted stock units, with 32,500 of this vesting on each of January 27, 2013, January 27, 2014, January 27, 2015, and January 27, 2016; (2) 10,000 restricted stock units, with 5,000 vesting on each of June 1, 2013 and June 1, 2014; and (3) 4,666 restricted stock units, with 2,333 vesting on each of September 15, 2012 and September 15, 2013.

F3: Shares held in 401(k) account in accordance with issuer's employer-match policies.