X0304 4 2011-03-31 0 0000889428 Pathfinder Cell Therapy, Inc. pfnd 0001397461 Gruber Joerg C/O PATHFINDER CELL THERAPY, INC. 12 BOW STREET CAMBRIDGE MA 02138 1 1 0 0 Chairman of the Board Common Stock 2011-03-31 4 A 0 41667 0.09 A 3692571 D Common Stock 823000 I By Clubb Capital Limited Reflects the reporting person's quarterly board fees for the first quarter of 2011 which, in accordance with approval by the Board of Directors, is payable in shares of common stock, based on the fair market value of the shares on the last trading day of the quarter, as reflected by the closing price ($.09) on that date. The reporting person is Chairman and a director of Clubb Capital Limited. The reporting person disclaims beneficial ownership of the securities held by Clubb Capital Limited except to the extent of his pecuniary interest therein. Joerg Gruber, by Keith Moskowitz, attorney-in-fact 2011-09-28