<SEC-DOCUMENT>0001193125-16-614006.txt : 20160606
<SEC-HEADER>0001193125-16-614006.hdr.sgml : 20160606
<ACCEPTANCE-DATETIME>20160606162831
ACCESSION NUMBER:		0001193125-16-614006
CONFORMED SUBMISSION TYPE:	RW
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20160606
DATE AS OF CHANGE:		20160606

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STEMCELLS INC
		CENTRAL INDEX KEY:			0000883975
		STANDARD INDUSTRIAL CLASSIFICATION:	BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
		IRS NUMBER:				943078125
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		RW
		SEC ACT:		
		SEC FILE NUMBER:	333-211543
		FILM NUMBER:		161698853

	BUSINESS ADDRESS:	
		STREET 1:		3155 PORTER DRIVE
		STREET 2:		.
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94304
		BUSINESS PHONE:		6504753100

	MAIL ADDRESS:	
		STREET 1:		3155 PORTER DRIVE
		STREET 2:		.
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94304

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CYTOTHERAPEUTICS INC/DE
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>RW
<SEQUENCE>1
<FILENAME>d174186drw.htm
<DESCRIPTION>REQUEST TO WITHDRAW A REGISTRATION STATEMENT
<TEXT>
<HTML><HEAD>
<TITLE>Request to withdraw a registration statement</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g174186g70q58.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June&nbsp;6, 2016 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>VIA
EDGAR </U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top">StemCells, Inc. &#150; Application for Withdrawal of Registration Statement on Form S-1 (File No.&nbsp;333-211543) </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to Rule 477 promulgated under
the Securities Act of 1933, as amended (the&nbsp;&#147;Securities Act&#148;), StemCells, Inc. (the &#147;Company&#148;) hereby requests that the Securities and Exchange Commission (the &#147;Commission&#148;) consent to the withdrawal of its
Registration Statement on Form S-1 (File No.&nbsp;333-211543), together with all exhibits thereto (collectively, the &#147;Registration Statement&#148;), effective as of the date hereof or at the earliest possible practicable date hereafter. It is
the Company&#146;s understanding that this application for withdrawal of the Registration Statement will be deemed granted as of the date hereof unless it receives notice from the Commission within fifteen days of the date hereof that it will not be
granted. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Registration Statement was originally filed with the Commission on May&nbsp;23, 2016 and has not been declared effective by the Commission.
The Company is requesting to withdraw the Registration Statement because it has elected not to pursue the sale of securities pursuant to the Registration Statement at this time. The Company believes the withdrawal to be consistent with the public
interest and the protection of investors. The Company confirms that it has not sold any securities pursuant to the Registration Statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company
acknowledges that no refund will be made for fees paid to the Commission in connection with filing of the Registration Statement; however, the Company requests, in accordance with Rule 457(p) under the Securities Act, that all fees paid to the
Commission in connection with the filing of the Registration Statement be credited to the Company&#146;s account. </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7707 Gateway Boulevard Newark, CA 94560
USA </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>T</B> +1 (510)&nbsp;456-4000 ?<B> F</B> +1 (510)&nbsp;456-4001 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">www.stemcellsinc.com </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June 6, 2016 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 2
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If you have any questions or comments or require further information regarding this application for
withdrawal of the Registration Statement, please do not hesitate to contact the Company&#146;s legal counsel, Marko Zatylny of Ropes&nbsp;&amp; Gray LLP at (617)&nbsp;951-7980 or the undersigned at (510)&nbsp;456-4000. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="86%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Sincerely,</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">StemCells, Inc.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Kenneth Stratton</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Kenneth Stratton</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">General Counsel</TD></TR>
</TABLE></DIV>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g174186g70q58.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g174186g70q58.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!P@'!@H(" @+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!# 0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P  1" !; 6@# 2(  A$! Q$!_\0
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ML:L9;(B-Y99+Z[C>W\U0,+G +8Z+ZUHCQ,[)"BZ9,]W)<O;/;K(OR.JEOO'
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..J>BE*<I;@%%%%0!__]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
