Charles R. Kummeth - Aug 6, 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
Aug 6, 2021
Transactions value $
-$6,010,705
Form type
4
Date filed
8/10/2021, 06:22 PM
Previous filing
Jun 21, 2021
Next filing
Aug 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TECH Common Stock Award $0 +5.34K +3.46% $0.00 160K Aug 6, 2021 Direct F1
transaction TECH Common Stock Options Exercise $0 +16.9K +10.59% $0.00 177K Aug 6, 2021 Direct F1
transaction TECH Common Stock Tax liability -$6.01M -12.5K -7.06% $481.82* 164K Aug 6, 2021 Direct F1
holding TECH Common Stock 100 Aug 6, 2021 By Step-Son
holding TECH Common Stock 100 Aug 6, 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 Restricted Stock Units Options Exercise $0 -16.9K -100% $0.00* 0 Aug 6, 2021 Common Stock 16.9K Direct F3, F4
transaction TECH Restricted Stock Units Award $0 +8.02K $0.00 8.02K Aug 6, 2021 Common Stock 8.02K Direct F3, F12
transaction TECH Stock Options (Right to Buy) Award $0 +31.3K $0.00 31.3K Aug 6, 2021 Common Stock 31.3K $481.82 Direct F12
transaction TECH Stock Options (Right to Buy) Award $0 +20.9K $0.00 20.9K Aug 6, 2021 Common Stock 20.9K $481.82 Direct F13
holding TECH Stock Options (Right to Buy) 95.3K Aug 6, 2021 Common Stock 95.3K $108.49 Direct F2
holding TECH Stock Options (Right to Buy) 79.5K Aug 6, 2021 Common Stock 79.5K $108.49 Direct F2
holding TECH Stock Options (Right to Buy) 154K Aug 6, 2021 Common Stock 154K $106.59 Direct F2
holding TECH Stock Options (Right to Buy) 103K Aug 6, 2021 Common Stock 103K $106.59 Direct F2
holding TECH Stock Options (Right to Buy) 117K Aug 6, 2021 Common Stock 117K $125.05 Direct F2
holding TECH Stock Options (Right to Buy) 78.2K Aug 6, 2021 Common Stock 78.2K $125.05 Direct F2
holding TECH Stock Options (Right to Buy) 90.3K Aug 6, 2021 Common Stock 90.3K $177.32 Direct F4
holding TECH Stock Options (Right to Buy) 60.2K Aug 6, 2021 Common Stock 60.2K $177.32 Direct F5
holding TECH Restricted Stock Units 16.9K Aug 6, 2021 Common Stock 16.9K Direct F3, F6
holding TECH Stock Options (Right to Buy) 85.7K Aug 6, 2021 Common Stock 85.7K $190.41 Direct F6
holding TECH Stock Options (Right to Buy) 57.2K Aug 6, 2021 Common Stock 57.2K $190.41 Direct F7
holding TECH Restricted Stock Units 12.9K Aug 6, 2021 Common Stock 12.9K Direct F3, F8
holding TECH Stock Options (Right to Buy) 57.4K Aug 6, 2021 Common Stock 57.4K $267.87 Direct F8
holding TECH Stock Options (Right to Buy) 38.3K Aug 6, 2021 Common Stock 38.3K $267.87 Direct F9
holding TECH Stock Options (Right to Buy) 16.7K Aug 6, 2021 Common Stock 16.7K $267.87 Direct F10
holding TECH Stock Options (Right to Buy) 16.7K Aug 6, 2021 Common Stock 16.7K $267.87 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (i) 3,763 shares of restricted stock for which the risk of forfeiture will lapse on August 7, 2022; (ii) 5,724 shares of restricted stock for which the risk of forfeiture will lapse as to 2,862 shares on each of August 5, 2022 and August 5, 2023; and (iii) 5,344 shares of restricted stock for which the risk of forfeiture will lapse as to 1,782 shares on August 6, 2022 and as to 1,781 shares on each of August 6, 2023 and August 6, 2024.
F2 Fully exercisable.
F3 Each restricted stock unit represents a contingent right to receive one share of Bio-Techne common stock.
F4 Vested in full on 8/8/2021 upon the certification of achievement of performance goals.
F5 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.
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 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.
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 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.
F10 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.
F11 Options to purchase 5,550 shares vest on each of 8/5/21, 8/5/22 and 8/5/23.
F12 Vests in full or in part on 8/6/2024 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
F13 Options to purchase 5,219 shares vest on each of 8/6/2022, 8/6/2023, 8/6/2024 and 8/6/2025.