SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
PORTNOY DAVID
(Last) (First) (Middle)
700 BROOKER CREEK BLVD
SUITE 1800
(Street)
OLDSMAR FL 34677
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CRYO CELL INTERNATIONAL INC [ CCEL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman, Co-CEO
3. Date of Earliest Transaction (Month/Day/Year)
11/08/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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. 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 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 11/08/2022 S 5,000 D $5.05 855,742 D
Common Stock 11/08/2022 S 10,000 D $5.01 845,742 D
Common Stock 11/10/2022 S 4,000 D $4.91 841,742 D
Common Stock 11/10/2022 S 1,500 D $4.9 840,242 D
Common Stock 11/10/2022 S 5 D $5 840,237 D
Common Stock 11/10/2022 J 9,122 D $0.00 0 I As Custodian for Daughter
Common Stock 11/08/2022 P 15,000 A $4.9 113,162 I By 401K
Common Stock 11/10/2022 P 3,850 A $4.9 117,012 I By 401K
Common Stock 11/08/2022 P 5,000 A $4.88 204,080 I By IRA
Common Stock 102,586 I By Spouse
Common Stock 152,882 I By Corporation(2)
Common Stock 15,611 I as Custodian for Daughter
Common Stock 11/10/2022 J 9,974 D $0.00 0 I As Custodian for Son
Common Stock 59,027 I By LLC
Common Stock 55,219 I By Corporation(4)
Common Stock 11,352 I As Custodian for Son
Common Stock 11,242 I As Custodian for Son
Common Stock 10,783 I As Custodian for Son
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 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: 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
Stock Option $7.92 03/08/2018 03/08/2023 Common Stock 23,636 23,636 D
Stock Option $7.53 08/30/2019 08/30/2029 Common Stock 26,243 26,243 D
Stock Option $7.28 12/20/2019 12/20/2029 Common Stock 23,636 23,636 D
Stock Option $12.27 12/22/2021(5) 12/22/2024 Common Stock 553 553 D
Stock Option $12.27 12/22/2021(6) 12/22/2028 Common Stock 280,000 280,000 D
Stock Option $13.5 12/22/2021(5) 12/22/2024 Common Stock 24,447 24,447 D
Explanation of Responses:
1. Transferred shares to daughter's account since she is now of age.
2. Shares of Common Stock held by Mayim Investment Limited Partnership as is David I. Portnoy my be deemed the beneficial owner as the managing member and owner of Mayim Management, LLC, which is the general partner of Mayim Management Limited Partnership, which is the general partner of Mayim Investment Limited Partnership.
3. Transferred shares to son's account as he is now of age.
4. Shares of Common Stock held by uTIPu, Inc., as to which David I. Portnoy may be deemed the beneficial owner as the Chairman of the Board and Secretary.
5. One-third of the stock options will vest on December 22, 2022, one-third will vest on December 22, 2023 and one-third on December 22, 2024.
6. Stock options vest immediately if the price of the Company's common stock reaches $25.00 per share during the seven-year option term.
Remarks:
/s/ David Portnoy 11/10/2022
** 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 Number.