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Microbot Medical Inc. Director's Dealing 2012

May 17, 2012

33819_dirs_2012-05-16_f643983d-c62b-4b73-a962-182acc453ac6.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEMCELLS INC (STEM)
CIK: 0000883975
Period of Report: 2012-05-15

Reporting Person: Stratton Kenneth Blair (General Counsel)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-05-15 Common Stock F 856 $0.85 Disposed 156673 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 6086 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) 15,000 restricted stock units, with 5,000 vesting on each of June 1, 2012, June 1, 2013, and June 1, 2014 and (3) 2,333 restricted stock units vesting on May 15, 2013.

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