<SEC-DOCUMENT>0001140361-17-027006.txt : 20170703
<SEC-HEADER>0001140361-17-027006.hdr.sgml : 20170703
<ACCEPTANCE-DATETIME>20170703171931
ACCESSION NUMBER:		0001140361-17-027006
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170629
FILED AS OF DATE:		20170703
DATE AS OF CHANGE:		20170703

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Precipio, Inc.
		CENTRAL INDEX KEY:			0001043961
		STANDARD INDUSTRIAL CLASSIFICATION:	LABORATORY ANALYTICAL INSTRUMENTS [3826]
		IRS NUMBER:				911789357
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		12325 EMMET ST
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68164
		BUSINESS PHONE:		4027385480

	MAIL ADDRESS:	
		STREET 1:		12325 EMMET STREET
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68164

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRANSGENOMIC INC
		DATE OF NAME CHANGE:	20000119

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KIRK RANDAL J
		CENTRAL INDEX KEY:			0001091823

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36439
		FILM NUMBER:		17945849

	MAIL ADDRESS:	
		STREET 1:		1881 GROVE AVENUE
		CITY:			RADFORD
		STATE:			VA
		ZIP:			24141
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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                <value>Series A-1 Convertible Preferred Stock</value>
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                <footnoteId id="F3"/>
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    <footnotes>
        <footnote id="F1">In connection with the merger between Transgenomic, Inc. and Precipio Diagnostics, LLC, effective June 29, 2017 (the &quot;Merger&quot;), the Convertible Promissory Notes (the &quot;Notes&quot;) held by Third Security Senior Staff 2008 LLC (&quot;Senior Staff 2008&quot;), Third Security Staff 2010 LLC (&quot;Staff 2010&quot;) and Third Security Incentive 2010 LLC (&quot;Incentive 2010&quot;), in the principal amount of $7.243 million, plus $1.026 million of accrued interest, became convertible and were converted into 352,630 shares of common stock of the issuer and 802,925 shares of Series A Senior Convertible Preferred Stock (&quot;New Preferred Stock&quot;) of the issuer, with each entity receiving the respective number of shares set forth in Table II.  The maturity date of the Notes was November 1, 2017.</footnote>
        <footnote id="F2">The New Preferred Stock is convertible at the discretion of the holder into shares of issuer common stock on a 1-for-1 basis, with no expiration date.</footnote>
        <footnote id="F3">In connection with the Merger, the indicated shares represent the number of shares received upon conversion of the issuer's Series A-1 Convertible Preferred Stock  into shares of common stock, on a 1-for-1 basis.  The Shares of Series A-1 Convertible Preferred Stock were immediately exercisable and had no expiration date.</footnote>
        <footnote id="F4">The indicated number of common shares is reflective of a 1-for-30 reverse stock split effected by the issuer on June 13, 2017.</footnote>
        <footnote id="F5">Randal J. Kirk controls each of  Senior Staff 2008, Staff 2010, Incentive 2010 and Staff 2014. Shares held by these entities may be deemed to be beneficially owned (as defined under Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended) by Mr. Kirk.  Mr. Kirk disclaims beneficial ownership of such shares, except to the extent of any pecuniary interest therein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/  Randal J. Kirk</signatureName>
        <signatureDate>2017-07-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
