

FORM 4	OMB APPROVAL

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	OMB Number:	3235-0287
	Expires:	December 31, 2001
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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

$1.12

60,000†

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

Option to Purchase Common Shares

$11.50

3/31/00

3/30/05

Common Shares

10,000

N/A

10,000

Option to Purchase Common Shares

$12.57

4/29/99

4/28/04

Common Shares

10,000

N/A

10,000

Option to Purchase Common Shares

$3.00

††

3/30/07

Common Shares

20,000

N/A

20,000


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

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.		Page 2 SEC 1474 (3-99)

NICKEL JEFFREY B 4