Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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 *
KINGSLEY ALFRED D
 2. Issuer Name and Ticker or Trading Symbol
BIOTIME INC [BTX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
See Remarks
(Last)
(First)
(Middle)

150 E. 57TH STREET		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2011
(Street)


NEW YORK, NY 10022		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 (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 at end of Issuer's Fiscal Year
(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             7,502,394 (1) D  
Common Shares, no par value             1,970,505 (2) I By Greenbelt Corp.
Common Shares, no par value             770,373 I By Greenway Partners, LP

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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 Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(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 $ 2.3             (3) 07/01/2014 Common Shares
50,000
  50,000
D
 
Option to Purchase Common Shares $ 5.45             (4) 08/09/2015 Common Shares
50,000
  50,000
D
 
Option to Purchase Common Shares $ 5.13             (5) 06/30/2016 Common Shares
50,000
  50,000
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KINGSLEY ALFRED D
150 E. 57TH STREET
NEW YORK, NY 10022		   X   X   See Remarks  

Signatures

/s/ Alfred D. Kingsley 02/07/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Does not include shares that Mr. Kingsley may acquire through the exercise of certain options.
(2) During January 2011, Greenbelt Corp. gifted a total of 2,400 shares to certain charitable and non-profit organizations.
(3) 12,500 options became exercisable on September 30, 2009 and the remaining 37,500 options became exercisable in 3 equal quarterly installments based upon continued service on the board of directors.
(4) 12,500 options became exercisable on September 30, 2010 and the remaining 37,500 options became exercisable in 3 equal quarterly installments based upon continued service on the board of directors.
(5) 12,500 options became exercisable on September 30, 2011; 12,500 options became exercisable on December 31, 2011; and the remaining 25,000 options will become exercisable in 2 equal quarterly installments based upon continued service on the board of directors.
 
Remarks:
Mr. Kingsley is Executive Chairman of certain BioTime subsidiaries.

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