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 OF SECURITIES
                                                                                  
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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
                      

1. Name and Address of Reporting Person *

BROADWOOD PARTNERS LP 		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)
(Last)          (First)          (Middle)

C/O BROADWOOD CAPITAL INC., 724 FIFTH AVENUE, 9TH FLOOR 		3. Date of Earliest Transaction (MM/DD/YYYY)

8/20/2009
(Street)

NEW YORK, NY 10019
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   8/20/2009     P    638096   A   (1) 4669249   D   (2)  
Common Stock   8/20/2009     P    0   A $0   4669249   I   Footnote   (3)
Common Stock                  37358   D   (4)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Warrants   $2                    7/10/2010   10/31/2010   Common Shares   0     1100000   D   (2)  
Warrants   $2                    7/10/2010   10/31/2010   Common Shares   0     1100000   I   Footnote   (3)
Option to purchase common shares   $2.3                      (5) 7/1/2014   Common Shares   0     20000   D   (4)  
Warrants   $2                    5/13/2009   10/31/2010   Common Shares   0     1100000   D   (2)  
Warrants   $2                    5/13/2009   10/31/2010   Common Shares   0     1100000   I   Footnote   (3)
Warrants   $2                    12/29/2005   10/31/2010   Common Shares   0     1377393   D   (2)  
Warrants   $2                    12/29/2005   10/31/2010   Common Shares   0     1377393   I   Footnote   (3)
Warrants   $2                    1/26/2004   10/31/2010   Common Shares   0     3909   D   (4)  
Warrants   $2                    1/24/2004   10/31/2010   Common Shares   0     1641   D   (4)  
Warrants   $2   8/20/2009     A      30750       8/20/2009   10/31/2010   Common Shares   30750     (1) 30750   D   (2)  
Warrants   $2   8/20/2009     A      0       8/20/2009   10/31/2010   Common Shares   0     (1) 30750   I   Footnote   (3)

Explanation of Responses:
( 1)  Pursuant to an issuer exchange offer, Broadwood Partners, L.P. acquired 638,096 shares of common stock of the issuer and a warrant to purchase 30,750 shares of common stock of the issuer in exchange for a Revolving Credit Note in the principal amount of $1,025,000.
( 2)  These securities are owned by Broadwood Partners, L.P., which is a Reporting Person.
( 3)  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.
( 4)  These securities are owned by Neal C. Bradsher, who is a Reporting Person.
( 5)  The options will vest and become exercisable in four quarterly installments, provided that Neal Bradsher remains a director on the last day of each such quarter.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BROADWOOD PARTNERS LP
C/O BROADWOOD CAPITAL INC.
724 FIFTH AVENUE, 9TH FLOOR
NEW YORK, NY 10019
X

BROADWOOD CAPITAL INC
724 FIFTH AVENUE, 9TH FLOOR
NEW YORK, NY 10019
X

BRADSHER NEAL C
724 FIFTH AVENUE, 9TH FLOOR
NEW YORK, NY 10019 		X X


Signatures
Broadwood Partners, L.P., By: Broadwood Capital, Inc., By: /s/ Neal C. Bradsher, President 8/24/2009
** Signature of Reporting Person Date

Broadwood Capital, Inc., By: /s/ Neal C. Bradsher, President 8/24/2009
** Signature of Reporting Person Date

/s/ Neal C. Bradsher 8/24/2009
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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