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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* BROADWOOD PARTNERS LP (Last) (First) (Middle) C/O BROADWOOD CAPITAL INC. 724 FIFTH AVENUE, 9TH FLOOR (Street) NEW YORK NY 10019 (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) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 05/13/2009
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/13/2009		J(1)		1,100,000	A	(1)	2,931,153(2)	D(3)
Common Stock	05/13/2009		J(1)		0	A	$0	2,931,153(2)	I	Footnote(4)
Common Stock								37,358	D(5)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to Purchase Common Shares	$2	05/13/2009		J(1)		1,100,000		(6)	07/14/2009	Common Shares	1,100,000	(1)	1,100,000	D(3)
Option to Purchase Common Shares	$2	05/13/2009		J(1)		0		(6)	07/14/2009	Common Shares	0	$0	1,100,000	I	Footnote(4)
Option to Purchase Warrants	$2	05/13/2009		J(1)		1,100,000		(6)	07/14/2009(7)	Warrants	1,100,000	(1)	1,100,000	D(3)
Option to Purchase Warrants	$2	05/13/2009		J(1)		0		(6)	07/14/2009(7)	Warrants	0	$0	1,100,000	I	Footnote(4)
Warrants	$2	05/13/2009		J(1)		1,100,000		05/13/2009	10/31/2010	Common Shares	1,100,000	(1)	1,100,000	D(3)
Warrants	$2	05/13/2009		J(1)		0		05/13/2009	10/31/2010	Common Shares	0	$0	1,100,000	I	Footnote(4)
Warrants	$2							12/29/2005	10/31/2010	Common Shares	0		1,377,393	D(3)
Warrants	$2							12/29/2005	10/31/2010	Common Shares	0		1,377,393	I	Footnote(4)
Warrants	$2							01/26/2004	10/31/2010	Common Shares	0		3,909	D(5)
Warrants	$2							01/24/2004	10/31/2010	Common Shares	0		1,641	D(5)

1. Name and Address of Reporting Person* BROADWOOD PARTNERS LP (Last) (First) (Middle) C/O BROADWOOD CAPITAL INC. 724 FIFTH AVENUE, 9TH FLOOR (Street) NEW YORK NY 10019 (City) (State) (Zip)

1. Name and Address of Reporting Person* BROADWOOD CAPITAL INC (Last) (First) (Middle) 724 FIFTH AVENUE 9TH FLOOR (Street) NEW YORK NY 10019 (City) (State) (Zip)

1. Name and Address of Reporting Person* BRADSHER NEAL C (Last) (First) (Middle) 724 FIFTH AVENUE 9TH FLOOR (Street) NEW YORK NY 10019 (City) (State) (Zip)

Explanation of Responses:

1. These securities were acquired by Broadwood Partners, L.P. on May 13, 2009 pursuant to a Stock and Warrant Purchase Agreement entered into between the issuer and Broadwood Partners, L.P. and filed by the issuer with the Commission on Form 10-Q on May 15, 2009 (incorporated by reference).

2. This number includes 35,143 securities acquired by Broadwood Partners, L.P. on April 15, 2009 pursuant to the Fifth Amendment of Revolving Line of Credit Agreement entered into between the issuer and Broadwood Partners, L.P. and filed by the issuer with the Commission on Form 8-K on April 17, 2009 (incorporated by reference).

3. These securities are owned by Broadwood Partners, L.P., which is a Reporting Person.

4. 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. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person 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.

5. These securities are owned by Neal C. Bradsher, who is a Reporting Person.

6. The option grants the right to purchase the securities on or before July 14, 2009.

7. The warrants underlying the option would expire on October 31, 2010.

	Broadwood Partners, L.P., By: Broadwood Capital, Inc., By: /s/ Neal C. Bradsher, President	05/15/2009
	Broadwood Capital, Inc., By: /s/ Neal C. Bradsher, President	05/15/2009
	/s/ Neal C. Bradsher	05/15/2009
	** Signature of Reporting Person	Date
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