SEC FORM 4

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

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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^*

HART RONALD W

(Last)

(First)

(Middle)

4821 CRESTWOOD DRIVE

(Street)

LITTLE ROCK

72207

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GUIDED THERAPEUTICS INC [ GTHP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/06/2012

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/15/2012⁽²⁾⁽⁴⁾		M		21,522	A	$0.4	711,060	D
Common Stock	06/15/2012⁽²⁾⁽⁴⁾		M		57,282	A	$0.4	265,019	I	By Hart Management⁽³⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Warrants (Right to Buy)	$0.65	06/15/2012⁽²⁾		D			64,564	⁽¹⁾	03/01/2013	Common Stock	64,564	⁽²⁾	0	D
Common Stock Warrants (Right to Buy)	$0.65	06/15/2012⁽²⁾		D			153,846	03/01/2007	03/01/2013	Common Stock	153,846	⁽²⁾	0	I	by Hart Management⁽³⁾
Common Stock Warrants (Right to Buy)	⁽⁴⁾	06/15/2012⁽²⁾		A		21,522		07/05/2012	07/15/2012	Common Stock	21,522	$0	21,522	D
Common Stock Warrants (Right to Buy)	$0.65	07/06/2012		A		21,522		07/05/2012	03/01/2014	Common Stock	21,522	$0	21,522	D
Common Stock Warrants (Right to Buy)	$0.8	07/06/2012		A		21,520		07/05/2012	03/01/2014	Common Stock	21,520	$0	21,520	D
Common Stock Warrants (Right to Buy)	⁽⁴⁾	06/15/2012⁽²⁾		A		51,282		07/05/2012	09/15/2012	Common Stock	51,282	$0	51,282	I	by Hart Management⁽³⁾
Common Stock Warrants (Right to Buy)	$0.65	07/06/2012		A		51,282		07/05/2012	03/01/2014	Common Stock	51,282	$0	51,282	I	by Hart Management⁽³⁾
Common Stock Warrants (Right to Buy)	$0.8	07/06/2012		A		51,282		07/05/2012	03/01/2015	Common Stock	51,282	$0	51,282	I	by Hart Management⁽³⁾
Common Stock Warrants (Right to Buy)	$0.4⁽⁴⁾	06/15/2012⁽²⁾⁽⁴⁾		M			21,522	07/05/2012	09/15/2012	Common Stock	21,522	$0	0	D
Common Stock Warrants (Right to Buy)	$0.4⁽⁴⁾	06/15/2012⁽²⁾⁽⁴⁾		M			51,282	07/05/2012	09/15/2012	Common Stock	51,282	$0	0	I	by Hart Management⁽³⁾

Explanation of Responses:

1. The securities were immediately exercisable upon issuance, and were issued on either 12/1/2008 or 8/31/2009.

2. Effective July 6, 2012, the issuer conceled, pursuant to its warrant exchange offer, warrants to purchase an aggregate of 218,410 shares of the issuer's common stock, granted to the reporting person on 3/1/2007, 12/1/2008, or 8/31/2009. In exchange, the reporting person received a combination of three types of new warrants with varying exercise prices and expiration dates, exercisable for an aggretate of 218,410 shares of the issuer's common stock.

3. Dr. Hart is the owner and CEO of Hart Management, LLC.

4. The security had three different exercise prices, depending on the time exercised, ranging from $.40 to $.50 per share. When exercised, the exercise price was $.40 per share.

	/s/ Dr. Mark L. Faupel, Attorney in Fact	07/06/2012
	** 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).
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