SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

KINGSLEY ALFRED D

(Last)

(First)

(Middle)

150 E. 57TH STREET

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BIOTIME INC [ BTIM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares, no par value	01/15/2010		G		17,100	D	⁽¹⁾	4,918,332	D
Common Shares, no par value	08/18/2010		X		1,000,000	A	$1.818	5,918,332	D
Common Shares, no par value								2,027,185⁽²⁾	I	By Greenbelt Corp.
Common Shares, no par value								550,287	I	By Greenway Partners, LP

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrant to Purchase Common Shares	$2	08/18/2010		X			1,000,000	12/21/2005	10/31/2010	Common Shares	1,000,000	⁽³⁾	448,057	D
Warrant to Purchase Common Shares	$2							01/21/2004	10/31/2010	Common Shares	822,632		822,632	D
Warrant to Purchase Common Shares	$2							08/20/2009	10/31/2010	Common Shares	7,500		7,500	D
Option to Puchase Common Shares	$5.45							⁽⁴⁾	08/09/2015	Common Shares	50,000		50,000	D
Option to Puchase Common Shares	$2.3							⁽⁵⁾	07/01/2014	Common Shares	50,000		50,000	D
Warrant to Purchase Common Shares	$2							01/21/2004	10/31/2010	Common Shares	72,604		72,604	I	By Greenbelt Corp.
Warrant to Purchase Common Shares	$2							12/21/2005	10/31/2010	Common Shares	262,028		262,028	I	By Greenbelt Corp.
Warrant to Purchase Common Shares	$2							08/20/2009	10/31/2010	Common Shares	3,000		3,000	I	By Greenbelt Corp.
Warrant to Purchase Common Shares	$2							⁽⁶⁾	10/31/2010	Common Shares	347,580		347,580	I	By Greenway Partners, LP
Warrant to Purchase Common Shares	$2							08/20/2009	10/31/2010	Common Shares	6,125		6,125	I	By Greenway Partners, LP

Explanation of Responses:

1. During January 2010, Mr. Kingsley gifted a total of 17,100 shares.

2. During July and August 2010, Greenbelt distributed a total of 39,000 shares to certain charitable and non-profit organizations.

3. These warrants were exercised at a discounted price of $1.818 per share pursuant to a discount offer that expired August 18, 2010.

4. Will become exercisable in four equal quarterly installments based upon continued service on the board of directors.

5. 12,500 options became exercisable on September 30, 2009; December 31, 2009; March 31, 2010; and June 30, 2010.

6. Exercisable on issuance.

Remarks:

	/s/ Alfred D. Kingsley	08/20/2010
	** Signature of Reporting Person	Date
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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