Precipio, Inc. — Director's Dealing 2011

Nov 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSGENOMIC INC (TBIO.OB)
CIK: 0001043961
Period of Report: 2011-11-08

Reporting Person: KIRK RANDAL J (10% Owner)
Reporting Person: Third Security Senior Staff 2008 LLC (10% Owner)
Reporting Person: Third Security Staff 2010 LLC (10% Owner)
Reporting Person: Third Security Incentive 2010 LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-08	Common Stock	J	98361	$1.22	Acquired	98361	Indirect
2011-11-08	Common Stock	J	98361	$1.22	Acquired	98361	Indirect
2011-11-08	Common Stock	J	49181	$1.22	Acquired	49181	Indirect

Footnotes

F1: Shares received in consideration for forfeiture of certain rights with respect to preferred stock held by the stockholder. Number of shares received was determined based upon a closing price of $1.22 per share, for aggregate consideration to the stockholders of $300,000 worth of common stock.

F2: Randal J. Kirk controls each of Third Security Senior Staff 2008 LLC, Third Security Staff 2010 LLC and Third Security Incentive 2010 LLC. 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.