Edgar Filing: SHORT W. JOHN

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 ^*

SHORT W. JOHN

2. Issuer Name and Ticker or Trading Symbol
RiceBran Technologies [RIBT]

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

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
CEO

(Last)

(First)

(Middle)

6720 N SCOTTDALE ROAD, SUITE 390

3. Date of Earliest Transaction (Month/Day/Year)
12/04/2012

(Street)

SCOTTSDALE, AZ 85253

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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Common Stock Option, right to buy

$ 0.12 ⁽¹⁾

12/04/2012

343,787

12/31/2012

04/25/2022

Common Stock

343,787

$ 0

Common Stock Option, right to buy

$ 0.08 ⁽¹⁾

12/04/2012

343,787

12/31/2012⁽³⁾

04/25/2022

Common Stock

343,787

$ 0

343,787

Common Stock Option, right to buy

$ 0.2 ⁽¹⁾

12/04/2012

204,595

12/31/2011

07/15/2013

Common Stock

204,595

$ 0

Common Stock Option, right to buy

$ 0.08 ⁽¹⁾

12/04/2012

204,595

12/31/2011

07/15/2013

Common Stock

204,595

$ 0

204,595

Common Stock Option, right to buy

$ 0.2 ⁽¹⁾

12/04/2012

118,021

12/31/2011

07/15/2014

Common Stock

118,021

$ 0

Common Stock Option, right to buy

$ 0.08 ⁽¹⁾

12/04/2012

118,021

12/31/2011

07/15/2014

Common Stock

118,021

$ 0

118,021

Common Stock Option, right to buy

$ 0.2 ⁽¹⁾

12/04/2012

5,000,000

11/30/2014

07/07/2020

Common Stock

5,000,000

$ 0

Common Stock Option, right to buy

$ 0.08 ⁽¹⁾

12/04/2012

5,000,000

11/30/2014⁽²⁾

07/07/2020

Common Stock

5,000,000

$ 0

5,000,000

Common Stock Option, right to buy

$ 0.2 ⁽¹⁾

12/04/2012

5,000,000

07/01/2012

07/05/2019

Common Stock

5,000,000

$ 0

Common Stock Option, right to buy

$ 0.08 ⁽¹⁾

12/04/2012

5,000,000

07/01/2012

07/05/2019

Common Stock

5,000,000

$ 0

5,000,000

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SHORT W. JOHN 6720 N SCOTTDALE ROAD SUITE 390 SCOTTSDALE, AZ 85253	X		CEO

Signatures

J Dale Belt, by power of attorney		12/06/2012
^**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)	Effective 12/04/12, the board of directors lowered the exercise price of all options held by Mr. Short to $0.08 per share. No other terms of the options changed.
(2)	1,000,000 vested 7/7/10, 1,000,000 vested 11/30/10 and 62,500 vest monthly 12/31/10 through 11/30/14.
(3)	85,946 vested 4/25/12 and the remainder vest in seventeen equal installments beginning 4/30/12 and ending 12/31/12.

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