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FORM 4  
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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(f) of the Investment Company Act of 1940


 
 
(Print or Type Responses)
1.   Name and Address of Reporting Person*
2. Issuer Name and Ticker or Trading Symbol
6.  Relationship of Reporting Person(s) to Issuer
        (Check all applicable)  
  [X] Director [   ] 10% Owner
Nickel Jeffrey B.   BioTime, Inc. (BTX)    [   ] Officer (give title below) [   ] Other (specify below)
 
(Last) (First) (Middle)   3.  I.R.S. Identification 4.  Statement for    
             Number of Reporting Person,
     if an entity (Voluntary)		      Month/Year       
     8/02
13180 Via Ranchero Drive
        
      
(Street)   5.  If Amendment,
     Date of Original		   7.   Individual or Joint/Group Filing (Check Applicable Line)
      [X] Form filed by One Reporting Person
Saratoga CA 95070          (Month/Year)              [   ] 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
(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 at End of Month (Instr. 3
and 4)
  
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
 
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
 
 
 
 
 
 
         
Amount
  
(A) or (D)
  
Price
                      
Common Shares, no par value 8/12/02 P/V       10,000   A   $1.12   60,000†   D  
             
                                           
                                           
                                           
                                           
                                           
                                           
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Over)
*If the form is filled by more than one reporting person, see Instruction 4(b)(v).
SEC 1474 (3-99)

 

FORM 4 (continued)

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) 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 Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
 
 
 
 
 
 
 
 
 
 
(A)
(D)
 Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Purchase Common Shares $7.25 3/26/01 3/25/05 Common Shares 10,000 N/A 10,000 D  
Option to Purchase Common Shares $11.50 3/31/00 3/30/05 Common Shares 10,000 N/A 10,000 D  
Option to Purchase Common Shares $12.57 4/29/99 4/28/04 Common Shares 10,000 N/A 10,000 D  
Option to Purchase Common Shares $3.00 †† 3/30/07 Common Shares 20,000 N/A 20,000 D  
                                                         
                                                         
                                                         
         
Explanation of Responses:
         
† Includes 50,000 shares that Mr. Nickel may acquire through the exercise of stock options.
†† 12,500 options became exercisable on the date of grant and the remaining 7,500 will become exercisable in 9 equal monthly installments based upon continued service on the board of directors.
 
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Jeffrey B. Nickel
**Signature of Reporting Person 		August 26, 2002
Date
         
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SEC 1474 (3-99)