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Microbot Medical Inc. Director's Dealing 2012

Feb 1, 2012

33819_dirs_2012-02-01_89f3eeba-4dcd-4169-a386-82df2869bd5b.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: 2012-01-27

Reporting Person: KOSHY GEORGE (chief accounting officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-01-27 Common Stock A 40000 $0.00 Acquired 55917 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 7712 Indirect

Footnotes

F1: Restricted stock units, with 1/4 vesting on each of the four anniversaries following the grant.

F2: Includes (1) 40,000 restricted stock units, with 10,000 of this vesting on each of January 27, 2013, January 27, 2014, January 27, 2015, and January 27, 2016; (2) 7,500 restricted stock units, with 2,500 of this vesting on each of June 1, 2012, June 1, 2013 and June 1, 2014; and (3) 2,780 restricted stock units, with 1,390 of this vesting on each of May 15, 2012 and May 15, 2013. Amounts reflect automatic adjustments under applicable benefit plans triggered by issuer's 1 for 10 reverse stock split.

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