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 *
BARRY FRANKLYN S JR
  2. Issuer Name and Ticker or Trading Symbol
AETHLON MEDICAL INC [AEMD.OB]
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)
8910 UNIVERSITY CENTER LANE, #660
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2010
(Street)

SAN DIEGO, CA 92122
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 03/15/2010 03/18/2010 S   6,700 (1) D $ 0.3979 249,893 (2) D  
Common Stock 03/16/2010 03/19/2010 S   7,000 (1) D $ 0.4 242,893 (2) D  
Common Stock 03/17/2010 03/22/2010 S   7,100 (1) D $ 0.4 235,793 (2) D  
Common Stock 03/18/2010 03/23/2010 S   7,200 (1) D $ 0.38 228,593 (2) D  
Common Stock 03/19/2010 03/24/2010 S   7,400 (1) D $ 0.39 221,193 (2) D  
Common Stock 03/22/2010 03/25/2010 S   7,700 (1) D $ 0.39 213,493 (2) D  
Common Stock 03/23/2010 03/26/2010 S   7,700 (1) D $ 0.39 205,793 (2) D  
Common Stock 03/24/2010 03/29/2010 S   8,000 (1) D $ 0.392 197,793 (2) D  
Common Stock 03/25/2010 03/30/2010 S   9,000 (1) D $ 0.435 188,793 (2) D  
Common Stock 03/26/2010 03/31/2010 S   10,000 (1) D $ 0.41 178,793 (2) D  
Common Stock 03/29/2010 04/01/2010 S   11,000 (1) D $ 0.39 167,793 (2) D  
Common Stock 03/30/2010 04/02/2010 S   11,000 (1) D $ 0.382 156,793 (2) D  
Common Stock 03/31/2010 04/05/2010 S   11,000 (1) D $ 0.367 145,793 (2) D  
Common Stock 04/01/2010 04/06/2010 S   11,400 (1) D $ 0.37 134,393 (2) D  

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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BARRY FRANKLYN S JR
8910 UNIVERSITY CENTER LANE, #660
SAN DIEGO, CA 92122
  X      

Signatures

 /s/ Franklyn S. Barry   04/02/2010
**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 shares of common stock were sold by Mr. Barry pursuant to a 10b5-1 selling plan providing for the sale of up to 150,000 shares of the issuer's common stock between March 15, 2010 and March 14, 2011. The plan provides for sales of the shares at a price of no less than $0.31 per share, at a rate of no more than 5% of the average trading volume in the issuer's common stock for the 30-day period preceding the sale, as reported on dailyfinance.com.
(2) In addition to the currently outstanding shares of common stock owned by Mr. Barry and reported here, Mr. Barry also beneficially owns the shares of common stock underlying the following stock options: options to purchase 1,867 shares of common stock at $1.84 per share; options to purchase 264,550 shares of common stock at $0.38 per share; and options to purchase 500,000 shares of common stock at $0.41 per share.

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