Kim Kelderman - 25 May 2021 Form 4 Insider Report for BIO-TECHNE Corp (TECH)

Role: Pres. Diagnostics & Genom
Signature: /s/ Brenda S. Furlow as Attorney-in-Fact for Kim Kelderman pursuant to Power of Attorney previously filed.
Issuer symbol: TECH
Transactions as of: 25 May 2021
Net transactions value: -$358,280
Form type: 4
Filing time: 27 May 2021, 16:26:50 UTC
Next filing: 11 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TECH	Common Stock	Sale	$358,280	-845	-51%	$424.00^*	811	25 May 2021	Direct

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
holding	TECH	Stock Options (Right to Buy)						2,652	25 May 2021	Common Stock	2,652	$150.78	Direct	F1
holding	TECH	Stock Options (Right to Buy)						7,348	25 May 2021	Common Stock	7,348	$150.78	Direct	F2
holding	TECH	Restricted Stock Units						1,691	25 May 2021	Common Stock	1,691		Direct	F3, F4
holding	TECH	Stock Options (Right to Buy)						12,044	25 May 2021	Common Stock	12,044	$177.32	Direct	F5
holding	TECH	Stock Options (Right to Buy)						9,033	25 May 2021	Common Stock	9,033	$177.32	Direct	F4
holding	TECH	Restricted Stock Units						2,363	25 May 2021	Common Stock	2,363		Direct	F3, F6
holding	TECH	Stock Options (Right to Buy)						11,961	25 May 2021	Common Stock	11,961	$190.41	Direct	F6
holding	TECH	Stock Options (Right to Buy)						15,948	25 May 2021	Common Stock	15,948	$190.41	Direct	F7
holding	TECH	Restricted Stock Units						2,015	25 May 2021	Common Stock	2,015		Direct	F3, F8
holding	TECH	Stock Options (Right to Buy)						8,991	25 May 2021	Common Stock	8,991	$267.87	Direct	F8
holding	TECH	Stock Options (Right to Buy)						11,988	25 May 2021	Common Stock	11,988	$267.87	Direct	F9
holding	TECH	Stock Options (Right to Buy)						8,325	25 May 2021	Common Stock	8,325	$267.87	Direct	F10
holding	TECH	Stock Options (Right to Buy)						8,325	25 May 2021	Common Stock	8,325	$267.87	Direct	F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Options to purchase 663 shares vest on each of 5/1/2019, 5/1/2020, 5/1/2021 and 5/1/2022.
F2	Options to purchase 1,837 shares vest on each of 5/1/2019, 5/1/2020, 5/1/2021 and 5/1/2022.
F3	Each restricted stock unit represents a contingent right to receive one share of Bio-Techne common stock.
F4	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).
F5	Options to purchase 3,011 shares vest on each of 8/8/2019, 8/8/2020, 8/8/2021 and 8/8/2022.
F6	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).
F7	Options to purchase 3,987 shares vest on each of 8/7/2020, 8/7/2021, 8/7/2022 and 8/7/2023.
F8	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).
F9	Options to purchase 2,997 shares vest on each of 8/5/2021, 8/5/2022, 8/5/2023 and 8/5/2024.
F10	Options to purchase 2,775 shares vest on each of 8/5/2021, 8/5/2022 and 8/5/2023.
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.