SEC Form 4 · accession 0001140361-17-024726
Precipio, Inc. · PRPO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randal J Kirk
10% Owner
Period of report
Jun 8, 2017
Accepted (ET)
Jun 12, 2017 · 5:24 pm EDT
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 StockF1,F2 | Jun 8, 2017 | S | 790,000 | $1.00 | D | 2,230,267 | I | by Senior Staff 2008 |
| Common StockF1,F2 | Jun 8, 2017 | S | 682,000 | $1.00 | D | 1,443,654 | I | by Staff 2010 |
| Common StockF1,F2 | Jun 8, 2017 | S | 395,000 | $1.00 | D | 1,115,135 | I | by Incentive 2010 |
| Common StockF1,F2 | Jun 8, 2017 | S | 108,000 | $1.00 | D | 786,613 | I | by Staff 2014 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On April 7, 2017, Third Security Senior Staff 2008 LLC ("Senior Staff 2008"), Third Security Staff 2010 LLC ("Staff 2010"), Third Security Incentive 2010 LLC ("Incentive 2010") and Third Security Staff 2014 LLC ("Staff 2014" and together with Senior Staff 2008, Staff 2010 and Incentive 2010, the "Investors") entered into a Call Option Agreement with BV Advisory Partners, LLC ("BVAP") (the "Agreement"). On June 8, 2017, BVAP exercised its option by payment of a $1.00 exercise price upon agreement by the Investors and BVAP that the conditions related to the transfer of an initial tranche of an aggregate of 1,975,000 shares of the issuer pursuant to the Agreement were satisfied.
- F2Randal J. Kirk controls Third Security, LLC, which is the manager of each of Senior Staff 2008, Staff 2010, Incentive 2010 and Staff 2014. 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.