Sec Form 4 Filing - Peabody Robert @ BIOTIME INC - 2014-07-21

Insider filing report for Changes in Beneficial Ownership
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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
Peabody Robert
2. Issuer Name and Ticker or Trading Symbol
BIOTIME INC [ BTX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Sr. VP, COO, and CFO
(Last) (First) (Middle)
1301 HARBOR BAY PARKWAY
3. Date of Earliest Transaction (MM/DD/YY)
07/21/2014
(Street)
ALAMEDA, CA94502
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
Common Shares, no par value 07/21/2014 M 475,000 A $ 0.5 505,400 ( 1 ) D
Common Shares, no par value 07/21/2014 F( 2 ) 89,623 D $ 2.65 415,777 ( 1 ) D
Common Shares, no par value 07/22/2014 S( 3 ) 100,000 D $ 2.65 315,777 ( 1 ) D
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 $ 0.5 07/21/2014 M 475,000 ( 4 ) 10/09/2014 Common Shares 475,000 $ 0 0 D
Option to Purchase Common Shares $ 4.22 ( 5 ) 02/19/2020 Common Shares 100,000 100,000 D
Option to Purchase Common Shares $ 3.51 ( 6 ) 03/19/2021 Common Shares 100,000 100,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Peabody Robert
1301 HARBOR BAY PARKWAY
ALAMEDA, CA94502
Sr. VP, COO, and CFO
Signatures
/s/ Robert W. Peabody 07/23/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Does not include shares that may be acquired upon the exercise of certain stock options.
( 2 )These shares were surrendered to the company for the exercise of stock options on July 21, 2014. The options exercised were due to expire on October 9, 2014.
( 3 )These shares were sold in a privately negotiated transaction to a single purchaser to obtain funds to pay taxes arising from the exercise of options on July 21, 2014.
( 4 )1/60th of the number of options became exercisable at the end of each full month of employment after October 10, 2007.
( 5 )1/48th of the number of options will vest and become exercisable at the end of each full month of employment after January 1, 2013.
( 6 )1/48th of the number of options will vest and become exercisable at the end of each full month of employment after March 20, 2014.

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).
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