BIOTIME INC | 2013 | FY | 3


BioTime has issued warrants to purchase its common shares.  Activity related to warrants in 2013, 2012, and 2011 is presented in the table below:

 
 
Number of
Warrants
  
Per share
exercise price
  
Weighted
Average
Exercise Price 
Outstanding, January 1, 2011
  
649,000
  
$
0.68 - 10.00
  
$
6.42
 
Granted in 2011
  
206,613
   
10.00
   
10.00
 
Exercised in 2011
  
(219,000
)
  
0.68 - 3.00
   
1.94
 
Outstanding, December 31, 2011
  
636,613
  
$
3.00 – 10.00
  
$
9.13
 
Expired in 2012
  
(80,000
)
  
3.00
   
3.00
 
Outstanding, December 31, 2012
  
556,613
  
$
10.00
  
$
10.00
 
Granted in 2013
  
9,195,002
   
5.00
   
5.00
 
Outstanding, December 31, 2013
  
9,751,615
  
$
5.00 – 10.00
  
$
5.29
 

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