Microbot Medical Inc. — Director's Dealing 2014

Jan 29, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEMCELLS INC (STEM)
CIK: 0000883975
Period of Report: 2014-01-27

Reporting Person: MCGLYNN MARTIN M (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-27	Common Stock	F	50858	$1.41	Disposed	1118774	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17194	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) 700,000 restricted stock units, with 175,000 of this vesting on each of June 14, 2014, June 14, 2015, June 14, 2016, and June 14, 2017; and (2) 135,333 restricted stock units vesting on January 27, 2015.

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