<SEC-DOCUMENT>0001140361-17-033778.txt : 20170830
<SEC-HEADER>0001140361-17-033778.hdr.sgml : 20170830
<ACCEPTANCE-DATETIME>20170830163110
ACCESSION NUMBER:		0001140361-17-033778
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170828
FILED AS OF DATE:		20170830
DATE AS OF CHANGE:		20170830

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:		171061079

	MAIL ADDRESS:	
		STREET 1:		1881 GROVE AVENUE
		CITY:			RADFORD
		STATE:			VA
		ZIP:			24141

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
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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<DESCRIPTION>FORM 4
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    <footnotes>
        <footnote id="F1">In connection with an underwritten public offering of the issuer, which closed on August 28, 2017 (the &quot;Offering&quot;), 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;) each entered into an agreement with the issuer to convert all shares of Series A Senior Convertible Preferred Stock (&quot;Senior Preferred Stock&quot;), including all accrued dividends, held by these entities into shares of common stock at a conversion ratio of 1-for-1 (the &quot;Conversion&quot;).  The shares of Senior Preferred Stock were immediately convertible and had no expiration date.</footnote>
        <footnote id="F2">The issuer agreed to issue warrants to purchase shares of common stock to each holder of Senior Preferred Stock that agreed to the Conversion in connection with the Offering.  Senior Staff 2008, Staff 2010 and Incentive 2010 each received warrants to purchase that number of shares of issuer common stock equal to 50% of the number of shares of common stock received in connection with the Conversion, excluding accrued dividends, which warrants are exercisable immediately and have a term of five (5) years.</footnote>
        <footnote id="F3">Randal J. Kirk controls each of Senior Staff 2008, Staff 2010, Incentive 2010 and Third Security Staff 2014 LLC (&quot;Staff 2014&quot;). 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>2017-08-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
