SEC Form 4 · accession 0000899243-18-031063
Precipio, Inc. · PRPO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Seth Cohen
Director · 10% Owner
Period of report
Nov 29, 2018
Accepted (ET)
Dec 14, 2018 · 4:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001043961
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 860,881 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 8% Convertible Promissory NoteF1,F2 | $0.24 | Nov 29, 2018 | A | — | A | — | — | Common Stock | 228,937 | 228,937 | D |
| Warrant to Purchase Common StockF3 | $0.36 | Nov 29, 2018 | A | 189,466 | A | May 29, 2019 | Nov 29, 2023 | Common Stock | 189,466 | 189,466 | D |
Explanation of responses
- F1In connection with a 8% Senior Secured Convertible Promissory Note dated November 29, 2018, the holders of a majority of the aggregate principal amount of the convertible promissory notes that were issued by the registrant in the offering of which the note purchased by the reporting person is a part have the right to elect to convert the entire unpaid principal amount (and accrued interest) of such notes into the common stock of the registrant on the maturity date of such notes.
- F2N/A
- F3In connection a Common Stock Purchase Warrant Agreement dated November 29, 2018, the reporting person is may purchase one share of the issuer's common stock per one dollar invested at a price per share of $0.36.