Brenda S. Furlow - 02 Sep 2021 Form 4 Insider Report for BIO-TECHNE Corp (TECH)

Role
SVP - General Counsel
Signature
/s/ Sarah Tucher as Attorney-in-Fact for Brenda S. Furlow pursuant to Power of Attorney previously filed.
Issuer symbol
TECH
Transactions as of
02 Sep 2021
Net transactions value
-$2,644,546
Form type
4
Filing time
07 Sep 2021, 16:58:19 UTC
Previous filing
02 Sep 2021
Next filing
09 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TECH Common Stock Options Exercise $859,219 +6,871 +90% $125.05 14,491 02 Sep 2021 Direct
transaction TECH Common Stock Sale $2,698,711 -5,295 -37% $509.67* 9,196 02 Sep 2021 Direct F1
transaction TECH Common Stock Sale $805,054 -1,576 -17% $510.82* 7,620 02 Sep 2021 Direct F2

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 -6,871 -42% $0.000000 9,503 02 Sep 2021 Common Stock 6,871 $125.05 Direct F4
holding TECH Stock Options (Right to Buy) 921 02 Sep 2021 Common Stock 921 $108.49 Direct F4
holding TECH Stock Options (Right to Buy) 7,339 02 Sep 2021 Common Stock 7,339 $177.32 Direct F4
holding TECH Stock Options (Right to Buy) 9,786 02 Sep 2021 Common Stock 9,786 $177.32 Direct F5
holding TECH Restricted Stock Units 1,969 02 Sep 2021 Common Stock 1,969 Direct F3, F6
holding TECH Stock Options (Right to Buy) 9,968 02 Sep 2021 Common Stock 9,968 $190.41 Direct F6
holding TECH Stock Options (Right to Buy) 13,290 02 Sep 2021 Common Stock 13,290 $190.41 Direct F7
holding TECH Restricted Stock Units 1,679 02 Sep 2021 Common Stock 1,679 Direct F3, F8
holding TECH Stock Options (Right to Buy) 7,492 02 Sep 2021 Common Stock 7,492 $267.87 Direct F8
holding TECH Stock Options (Right to Buy) 9,990 02 Sep 2021 Common Stock 9,990 $267.87 Direct F9
holding TECH Stock Options (Right to Buy) 8,325 02 Sep 2021 Common Stock 8,325 $267.87 Direct F10
holding TECH Stock Options (Right to Buy) 8,325 02 Sep 2021 Common Stock 8,325 $267.87 Direct F11
holding TECH Stock Options (Right to Buy) 10,997 02 Sep 2021 Common Stock 10,997 $372.44 Direct
holding TECH Restricted Stock Units 1,167 02 Sep 2021 Common Stock 1,167 Direct F3, F12
holding TECH Stock Options (Right to Buy) 4,560 02 Sep 2021 Common Stock 4,560 $481.82 Direct F12
holding TECH Stock Options (Right to Buy) 6,080 02 Sep 2021 Common Stock 6,080 $481.82 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $509.23 to $510.07, inclusive. The reporting person undertakes to provide Bio-Techne Corporation, any security holder of Bio-Techne Corporation, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $510.245 to $511.16, inclusive. The reporting person undertakes to provide Bio-Techne Corporation, any security holder of Bio-Techne Corporation, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Each restricted stock unit represents a contingent right to receive one share of Bio-Techne common stock.
F4 Fully exercisable.
F5 Options to purchase 2,447 shares vest on each of 8/8/2019 and 8/8/2020 and options to purchase 2,446 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 3,323 shares vest on each of 8/7/2020 and 8/7/2021 and options to purchase 3,322 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 2,497 shares vest on each of 8/5/2021 and 8/5/2022 and options to purchase 2,498 shares vest on each of 8/5/2023 and 8/5/2024.
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 2,775 shares vest on each of 8/5/2021, 8/5/2022 and 8/5/2023.
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 1,520 shares vest on each of 8/6/2022, 8/6/2023, 8/6/2024 and 8/6/2025.