Precipio, Inc. — Director's Dealing 2014

Mar 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSGENOMIC INC (TBIO.OB)
CIK: 0001043961
Period of Report: 2014-03-05

Reporting Person: KIRK RANDAL J (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-05	Series B Convertible Preferred Stock	$	P	577319	Acquired		Common Stock (577319)	Indirect
2014-03-05	Series B Convertible Preferred Stock	$	P	577319	Acquired		Common Stock (577319)	Indirect
2014-03-05	Series B Convertible Preferred Stock	$	P	288659	Acquired		Common Stock (288659)	Indirect

Footnotes

F1: Pursuant to its terms, each share of Series B Convertible Preferred Stock is convertible into one (1) share of Common Stock.

F2: Not applicable.

F3: Randal J. Kirk controls Third Security, LLC, which is the manager of each of Third Security Senior Staff 2008 LLC ("Senior Staff 2008"), Third Security Staff 2014 LLC ("Staff 2014") and Third Security Incentive 2010 LLC ("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.