Microbot Medical Inc. — Director's Dealing 2013

Jun 7, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEMCELLS INC (STEM)
CIK: 0000883975
Period of Report: 2013-05-24

Reporting Person: KOSHY GEORGE (chief accounting officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-24	Common Stock	A	100000	$0.00	Acquired	149592	Direct
2013-06-01	Common Stock	F	917	$1.76	Disposed	148675	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15344	Indirect

Footnotes

F1: Restricted stock units, with 1/4 vesting on May 24, 2014, 1/4 vesting on May 24, 2015, 1/4 vesting on May 24, 2016, and 1/4 vesting on May 24, 2017.

F2: 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.

F3: Includes (1) 100,000 restricted stock units, with 50,000 of this vesting on each of May 24, 2014, May 24, 2015, May 24, 2016, and May 24, 2017; (2) 30,000 restricted stock units, with 10,000 of this vesting on each of January 27, 2014, January 27, 2015, and January 27, 2016; and (3) 2,500 restricted stock units vesting on June 1, 2014.

F4: Shares held in 401(k) account, in accordance with issuer's employer-match policies.