Precipio, Inc. — Director's Dealing 2013

Jan 30, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSGENOMIC INC (TBIO.OB)
CIK: 0001043961
Period of Report: 2013-01-25

Reporting Person: KIRK RANDAL J (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-25	Common Stock	P	2400000	—	Acquired	3698361	Indirect
2013-01-25	Common Stock	P	2400000	—	Acquired	3698361	Indirect
2013-01-25	Common Stock	P	1200000	—	Acquired	1849181	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-25	Warrant to Purchase Common Stock	$0.75	P	1200000	Acquired	2018-01-25	Common Stock (1200000)	Indirect
2013-01-25	Warrant to Purchase Common Stock	$0.75	P	1200000	Acquired	2018-01-25	Common Stock (1200000)	Indirect
2013-01-25	Warrant to Purchase Common Stock	$0.75	P	600000	Acquired	2018-01-25	Common Stock (600000)	Indirect

Footnotes

F1: On January 25, 2013, in a private placement the issuer issued Units at a price per Unit of $0.50 consisting of one share of common stock and a warrant to purchase 0.5 shares of common stock at an exercise price of $0.75 per share. The Units purchased in such offering by Third Security Senior Staff 2008 LLC ("TS Senior Staff 2008"), Third Security Staff 2010 LLC ("TS Staff 2010") and Third Security Incentive 2010 LLC ("TS Incentive 2010") resulted in ownership of shares of common stock and warrants as follows: 1,200,000 shares of common stock and 600,000 warrants by TS Senior Staff 2008, 1,200,000 shares of common stock and 600,000 warrants by TS Staff 2010 and 600,000 shares of common stock and 300,000 warrants by TS Incentive 2010.

F2: Randal J. Kirk controls Third Security, LLC, which is the manager of each of TS Senior Staff, TS Staff 2010 and TS Incentive 2010. 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.

F3: These warrants are exercisable immediately upon issuance.