Sec Form 4 Filing - BRADSHER NEAL C @ BIOTIME INC - 2016-07-01

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person BRADSHER NEAL C 2. Issuer Name and Ticker or Trading Symbol BIOTIME INC [ BTX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O BROADWOOD CAPITAL INC., 724 FIFTH AVENUE, 9TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 07/01/2016 (Street) NEW YORK, NY10019 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares OPTION TO PURCHASE COMMON SHARES $ 2.72 07/01/2016 A 20,000 ( 3 ) 06/30/2021 COMMON SHARES 20,000 ( 5 ) 20,000 D ( 1 ) OPTION TO PURCHASE COMMON SHARES $ 3.57 ( 4 ) 06/30/2020 COMMON SHARES 20,000 20,000 D ( 1 ) OPTION TO PURCHASE COMMON SHARES $ 3.11 ( 4 ) 06/30/2019 COMMON SHARES 20,000 20,000 D ( 1 ) OPTION TO PURCHASE COMMON SHARES $ 4.13 ( 4 ) 06/30/2018 COMMON SHARES 20,000 20,000 D ( 1 ) OPTION TO PURCHASE COMMON SHARES $ 4.6 ( 4 ) 06/30/2017 COMMON SHARES 20,000 20,000 D ( 1 ) OPTION TO PURCHASE COMMON SHARES $ 5 ( 4 ) 06/04/2018 COMMON SHARES 50,000 50,000 I Footnote ( 2 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other BRADSHER NEAL C C/O BROADWOOD CAPITAL INC. 724 FIFTH AVENUE, 9TH FLOOR NEW YORK, NY10019 X X Signatures /s/ Neal C. Bradsher 07/05/2016 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These securities are owned by Neal C. Bradsher, who is a Reporting Person. ( 2 )The reported securities are directly owned by Broadwood Partners, L.P. and may be deemed beneficially owned by Broadwood Capital, Inc. as General Partner of Broadwood Partners, L.P. and Neal C. Bradsher as President of Broadwood Capital, Inc. Each of Broadwood Capital, Inc. and Neal C. Bradsher disclaim beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that Broadwood Capital, Inc. or Neal C. Bradsher is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. ( 3 )These options will vest and become exercisable in four quarterly installments on September 30, 2016, December 31, 2016, March 31, 2017, and June 30, 2017, provided that Neal C. Bradsher remains a director on the last day of each quarter. ( 4 )These options are currently exercisable. ( 5 )The options were granted to Neal Bradsher by the issuer on July 1, 2016 as director compensation pursuant to the issuer's 2012 Equity Incentive Plan.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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