Vericel Corp — Director's Dealing 2014

Jul 12, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AASTROM BIOSCIENCES INC (ASTM)
CIK: 0000887359
Period of Report: 2014-07-09

Reporting Person: Eastern Capital LTD (10% Owner)
Reporting Person: Portfolio Services Ltd. (10% Owner)
Reporting Person: DART KENNETH BRYAN (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-09	Common Stock	O	362500	$4.8	Acquired	787489	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-09	Warrant (right to buy)	$4.8	O	362500	Disposed	2018-08-16	Common Stock (362500)	Direct

Footnotes

F1: The reported security is a Warrant which was originally issued on August 16, 2013 for up to 7,250,000 shares of common stock of the Issuer, convertible at an exercise price per share of $0.375. The exercise price of the Warrant was automatically adjusted in connection with the Company's twenty-to-one reverse stock split effective on October 16, 2013. Pursuant to Section 2 of the Warrant agreement, the exercise price of the Warrant was adjusted from $0.375 per share of common stock to $0.24 per share of common stock. As a result of the twenty-to-one reverse stock split, the holder is entitled to purchase up to 362,500 shares of common stock at an exercise price of $4.80 per share of common stock.