X0202 4 2007-01-03 0 0001140098 ADVANCED CELL TECHNOLOGY, INC. OTCBB:ACTC 0001194959 SHAPIRO ALAN C 17567 CAMINO DE YATASTO PACIFIC PALISADES CA 90272 1 0 0 0 Common Stock 2007-01-03 4 J 0 15494 .54 A 182025 I By Shapiro Family Trust Convertible Debenture (right to buy) 2.30 2007-01-03 4 J 0 15494 D 2006-09-15 2008-09-15 Common Stock 15494 69116 I By Shapiro Family Trust The Convertible Debenture is redeemable by the Issuer using shares of the Issuer's Common Stock at a price per share equal to the lesser of (i) $2.30, and (ii) 85% of the average closing prices on the ten days immediately prior to the date of redemption. In accordance with the terms of the Convertible Debenture, the Issuer is required to redeem (in cash or in shares) 1/30th of the outstanding amount of the Convertible Debenture each month during its term. On January 3rd, the Issuer effected the January redemption using shares of Common Stock having a value of $.54 per share, resulting in the issuance to the reporting person of 15,494 shares of Common Stock. This amount does not include 44,216 shares of Common Stock owned directly by the reporting person. /s/ Alan C. Shapiro 2007-01-05