FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Rimer Mark 		2. Issuer Name and Ticker or Trading Symbol

Precipio, Inc. [ PRPO ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O PRECIPIO, INC., 4 SCIENCE PARK 		3. Date of Earliest Transaction (MM/DD/YYYY)

6/29/2017
(Street)

NEW HAVEN, CT 06511
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   6/29/2017     A    424270   A $0   424270   I   By Chenies Investor LLC   (1)
Common Stock   6/29/2017     A    281055   A $0   281055   I   By Chenies Management LLC   (2)
Common Stock   6/29/2017     A    4179   A $0   4179   I   By Precipio Employee Holdings, LLC   (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Senior Convertible Preferred Stock     (4) 6/29/2017     A      174829         (4)   (4) Common Stock   174829   $3.7363   174829   I   By Chenies Investor LLC   (1)
Series A Senior Convertible Preferred Stock     (4) 6/29/2017     A      59082         (4)   (4) Common Stock   59082   $3.7363   59082   I   By Chenies Management LLC   (2)
Warrant to Purchase Common Stock   $7.00   6/29/2017     A      91420   (5)      6/29/2017   (5) 6/29/2022   Common Stock   91420   (5) $0   91420   (5) I   By Kuzven Precipio Investor LLC   (6)
Call Option (right to buy)   (7) $3.7363   6/29/2017     A      214113   (7)        (7)   (7) Common Stock or Series A Senior Convertible Preferred Stock   (7) 214113   (7) $800000   (7) 214113   (7) I   By Dominion Capital LLC   (7)
8% Convertible Promissory Note   $3.7363   6/29/2017     A      20073   (8)        (8)   (8) Common Stock or Series A Senior Convertible Preferred Stock   (8) 20073   (8) $75000   (8) 20073   (8) I   By Chenies Investor LLC   (1)
Warrant to Purchase Common Stock   $7.50   (9) 6/29/2017     A      2500       6/29/2017   6/29/2022   Common Stock   2500   $0   2500   I   By Chenies Investor LLC   (1)
Call Option (right to buy)   $1.00   (10) 6/29/2017     A      263332       6/29/2017   12/31/2017   Common Stock   263332   $0   263332   I   By Kuzven Precipio Investor LLC   (6)

Explanation of Responses:
(1)  The Reporting Person is a managing member of Chenies Investor LLC.
(2)  The Reporting Person is a managing member of Chenies Management LLC.
(3)  The Reporting Person holds units of Precipio Employee Holdings, LLC.
(4)  Each share of Series A Senior Convertible Preferred Stock is convertible into one share of Common Stock of the Issuer at any time and has no expiration date.
(5)  The Warrant to Purchase Common Stock is exercisable as to 22,857 shares of Common Stock of the Issuer upon grant and as to 68,572 shares of Common Stock of the Issuer upon Kuzven Precipio Investor LLC's performance of certain obligations as set forth in the Warrant to Purchase Common Stock.
(6)  The Reporting Person is a managing member of Kuzven Precipio Investor LLC.
(7)  The 8% Convertible Promissory Note (the "Dominion Note") was issued to Dominion Capital LLC on June 29, 2017 in the principal amount of $800,000 and is payable upon the earlier to occur of (i) October 1, 2017 or (ii) the closing of a Qualified Offering (as defined in the Dominion Note) (such date, the "Maturity Date"). At any time after the Maturity Date, the Dominion Note together with any accrued interest is convertible into shares of Common Stock of the Issuer. If the Issuer does not complete a Qualified Financing by October 1, 2017, the holder may convert the outstanding principal and interest of the Dominion Note into shares of the Issuer's Series A Senior Convertible Preferred Stock. Upon the closing of a Qualified Financing, the outstanding principal and interest of the Dominion Note will automatically be converted into shares of the Issuer's Series A Senior Convertible Preferred Stock. Kuzven Precipio Investor LLC has a call option on the Dominion Note.
(8)  The 8% Convertible Promissory Note (the "Chenies Note") was issued to Chenies Investor LLC on June 29, 2017 in the principal amount of $75,000 and is payable upon the earlier to occur of (i) October 1, 2017 or (ii) the closing of a Qualified Offering (as defined in the Chenies Note) (such date, the "Maturity Date"). At any time after the Maturity Date, the Chenies Note together with any accrued interest is convertible into shares of Common Stock of the Issuer. If the Issuer does not complete a Qualified Financing by October 1, 2017, the holder may convert the outstanding principal and interest of the Chenies Note into shares of the Issuer's Series A Senior Convertible Preferred Stock. Upon the closing of a Qualified Financing, the outstanding principal and interest of the Chenies Note will automatically be converted into shares of the Issuer's Series A Senior Convertible Preferred Stock.
(9)  If the Issuer completes a Qualified Financing (as defined in the Warrant to Purchase Common Stock), the exercise price will become the lower of (i) $7.50 or (ii) 110% of the per share offering price in such Qualified Financing, but in no event lower than $1.50 per share.
(10)  Kuzven Precipio Investor LLC has the right to buy 263,332 shares of the Issuer's Common Stock for an aggregate purchase price of $1.00.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Rimer Mark
C/O PRECIPIO, INC.
4 SCIENCE PARK
NEW HAVEN, CT 06511 		X X


Signatures
/s/ Mark Rimer 7/3/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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