Charles R. Kummeth - May 25, 2021 Form 4 Insider Report for BIO-TECHNE Corp (TECH)

Role
Chief Executive Officer, Director
Signature
/s/ Brenda S. Furlow as Attorney-in-Fact for Charles R. Kummeth pursuant to Power of Attorney previously filed.
Stock symbol
TECH
Transactions as of
May 25, 2021
Transactions value $
-$5,473,953
Form type
4
Date filed
5/27/2021, 04:25 PM
Previous filing
May 24, 2021
Next filing
Jun 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TECH Common Stock Options Exercise $3.48M +36.8K +23.2% $94.35 196K May 25, 2021 Direct F1
transaction TECH Common Stock Tax liability -$8.95M -21.3K -10.89% $420.12 174K May 25, 2021 Direct F1
holding TECH Common Stock 100 May 25, 2021 By Step-Son
holding TECH Common Stock 100 May 25, 2021 By Step-Daughter

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TECH Stock Options (Right to Buy) Options Exercise $0 -36.8K -100% $0.00* 0 May 25, 2021 Common Stock 36.8K $94.35 Direct F2
holding TECH Stock Options (Right to Buy) 95.3K May 25, 2021 Common Stock 95.3K $108.49 Direct F2
holding TECH Stock Options (Right to Buy) 79.5K May 25, 2021 Common Stock 79.5K $108.49 Direct F2
holding TECH Stock Options (Right to Buy) 154K May 25, 2021 Common Stock 154K $106.59 Direct F2
holding TECH Stock Options (Right to Buy) 103K May 25, 2021 Common Stock 103K $106.59 Direct F2
holding TECH Stock Options (Right to Buy) 117K May 25, 2021 Common Stock 117K $125.05 Direct F2
holding TECH Stock Options (Right to Buy) 78.2K May 25, 2021 Common Stock 78.2K $125.05 Direct F4
holding TECH Restricted Stock Units 16.9K May 25, 2021 Common Stock 16.9K Direct F3, F5
holding TECH Stock Options (Right to Buy) 90.3K May 25, 2021 Common Stock 90.3K $177.32 Direct F5
holding TECH Stock Options (Right to Buy) 60.2K May 25, 2021 Common Stock 60.2K $177.32 Direct F6
holding TECH Restricted Stock Units 16.9K May 25, 2021 Common Stock 16.9K Direct F3, F7
holding TECH Stock Options (Right to Buy) 85.7K May 25, 2021 Common Stock 85.7K $190.41 Direct F7
holding TECH Stock Options (Right to Buy) 57.2K May 25, 2021 Common Stock 57.2K $190.41 Direct F8
holding TECH Restricted Stock Units 12.9K May 25, 2021 Common Stock 12.9K Direct F3, F9
holding TECH Stock Options (Right to Buy) 57.4K May 25, 2021 Common Stock 57.4K $267.87 Direct F9
holding TECH Stock Options (Right to Buy) 38.3K May 25, 2021 Common Stock 38.3K $267.87 Direct F10
holding TECH Stock Options (Right to Buy) 16.7K May 25, 2021 Common Stock 16.7K $267.87 Direct F11
holding TECH Stock Options (Right to Buy) 16.7K May 25, 2021 Common Stock 16.7K $267.87 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (i) 3,759 shares of restricted stock for which the risk of forfeiture will lapse on August 8, 2021; (ii) 7,527 shares of restricted stock for which the risk of forfeiture will lapse with respect to 3,764 shares on August 7, 2021 and as to 3,763 shares on August 7, 2022; and (iii) 8,586 shares of restricted stock for which the risk of forfeiture will lapse as to 2,862 shares on each of August 5, 2021, August 5, 2022 and August 5, 2023.
F2 Fully exercisable.
F3 Each restricted stock unit represents a contingent right to receive one share of Bio-Techne common stock.
F4 Options to purchase 19,557 shares vest on each of 8/9/2018, 8/9/2019, 8/9/2020 and 8/9/2021.
F5 Vests in full or in part on 8/8/2021 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
F6 Options to purchase 15,056 shares vest on each of 8/8/2019 and 8/8/2020 and options to purchase 15,055 shares vest on each of 8/8/2021 and 8/8/2022.
F7 Vests in full or in part on 8/7/2022 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
F8 Options to purchase 14,288 shares vest on each of 8/7/2020 and 8/7/2021 and options to purchase 14,287 shares vest on each of 8/7/2022 and 8/7/2023.
F9 Vests in full or in part on 8/5/2023 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
F10 Options to purchase 9,573 shares vest on 8/5/21 and options to purchase 9,574 shares vest on each of 8/5/22, 8/5/23 and 8/5/24.
F11 Vests in full on the date performance of certain product revenue goals during the period of fiscal 2021-2023 is certified by the Administrator, in no event earlier than 8/5/2021.
F12 Options to purchase 5,550 shares vest on each of 8/5/21, 8/5/22 and 8/5/23.