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 *
Rao Mahendra S.
  2. Issuer Name and Ticker or Trading Symbol
THERMOGENESIS CORP [KOOL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
2711 CITRUS RD.
3. Date of Earliest Transaction (Month/Day/Year)
07/29/2011
(Street)

RANCHO CORDOVA, CA 95742
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 07/29/2011   A   25,000 (1) A $ 1.98 (2) 31,250 D  
Common Stock 07/29/2011   G   31,250 (3) D $ 0 0 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
Options $ 6.36 07/29/2011   G(3)     6,250   (4) 03/11/2013 Common Stock 6,250 $ 0 0 D  
Options $ 2.52 07/29/2011   G(3)     3,750   (5) 07/01/2013 Common Stock 3,750 $ 0 0 D  
Options $ 1.88 07/29/2011   G(3)     3,750   (6) 07/01/2014 Common Stock 3,750 $ 0 0 D  
Options $ 3.03 07/29/2011   G(3)     25,000   (7) 10/29/2014 Common Stock 25,000 $ 0 0 D  
Options $ 2.03 07/29/2011   G(3)     15,000   (8) 07/01/2015 Common Stock 15,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Rao Mahendra S.
2711 CITRUS RD.
RANCHO CORDOVA, CA 95742
  X      

Signatures

 /s/ Mahendra Rao by Matthew Plavan, POA   08/01/2011
**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 July 29, 2011, Dr. Rao resigned as Director of ThermoGenesis Corp. The Board of Director approved this grant of unrestricted stock for the reporting person on July 29, 2011 for his services in July.
(2) Represents the fair market value on a per share basis as of July 29, 2011. No price was paid for this grant of unrestricted stock.
(3) Dr. Rao's appointment with the National Institute of Health (NIH) required divestiture of any options or stock in certain companies, and Dr. Rao gifted his stock and options to his adult son who does not reside with him.
(4) Option fully vested.
(5) Option vests in three equal installments on July 1, 2010, 2011 and 2012.
(6) Option vests in three equal installments on July 1, 2011, 2012 and 2013.
(7) The option vests in three equal installments on October 29, 2011, 2012 and 2013
(8) The option vests in three equal installments on July 1, 2012, 2013 and 2014.

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