Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ACCBT Corp.
   2. Issuer Name and Ticker or Trading Symbol
BRAINSTORM CELL THERAPEUTICS INC [BCLI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
MORGAN AND MORGAN BUILDING, PASEA ESTATE, ROAD TOWN		 3. Date of Earliest Transaction (Month/Day/Year)
04/03/2008
(Street)

TORTOLA, D8 		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 04/03/2008   M   2,000,000 A $ 0.1818 (1) 14,381,925 D  

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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 Underlying Securities
(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 of Derivative Security: 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
Warrant to Purchase Common Stock $ 0.29 04/03/2008   M   4,537,500   04/03/2008 11/05/2011 Common Stock 4,537,500 $ 0 4,537,500 D  
Right to Acquire Common Stock $ 0.1818 04/03/2008   M     4,125,000 (1) 07/02/2007   (2) Common Stock 16,500,000 $ 0 12,375,000 D  
Right to Acquire Warrant to Purchase Common Stock $ 0 04/03/2008   M     4,537,500 07/02/2007   (2) Common Stock 18,150,000 $ 0 13,612,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ACCBT Corp.
MORGAN AND MORGAN BUILDING
PASEA ESTATE, ROAD TOWN
TORTOLA, D8 		     X    

Signatures

 /s/ Thomas B. Rosedale (Pursuant to Power of Attorney)   04/28/2008
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The reporting person acquired the right to purchase shares of Common Stock pursuant to that certain Subscription Agreement (the "Subscription Agreement"), dated as of July 2, 2007, between the reporting person and Brainstorm Cell Therapeutics Inc. ("Brainstorm"). On April 3, 2008, the reporting person elected to purchase from Brainstorm 2,000,000 shares of Common Stock and the reporting person designated certain other parties to purchase from Brainstorm the remaining 2,125,000 shares of Common Stock it was then entitled to purchase under the Subscription Agreement. The aggregate purchase price for the shares of Common Stock was $750,000.
(2) There is no expiration date with respect to the reporting person's right to acquire shares of Common Stock and warrants to purchase Common Stock pursuant to the Subscription Agreement.

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