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Filing Details

Accession Number:
0001140361-17-024726
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-06-12 17:24:52
Reporting Period:
2017-06-08
Filing Date:
2017-06-12
Accepted Time:
2017-06-12 17:24:52
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1043961 Transgenomic Inc TBIO Laboratory Analytical Instruments (3826) 911789357
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1091823 J Randal Kirk C/o Third Security, Llc
1881 Grove Avenue
Radford VA 24141
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2017-06-08 790,000 $1.00 2,230,267 No 4 S Indirect by Senior Staff 2008
Common Stock Disposition 2017-06-08 682,000 $1.00 1,443,654 No 4 S Indirect by Staff 2010
Common Stock Disposition 2017-06-08 395,000 $1.00 1,115,135 No 4 S Indirect by Incentive 2010
Common Stock Disposition 2017-06-08 108,000 $1.00 786,613 No 4 S Indirect by Staff 2014
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect by Senior Staff 2008
No 4 S Indirect by Staff 2010
No 4 S Indirect by Incentive 2010
No 4 S Indirect by Staff 2014
Footnotes
  1. On 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.
  2. Randal 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.