James Hippel - Sep 2, 2021 Form 4 Insider Report for BIO-TECHNE Corp (TECH)

Role
Chief Financial Officer
Signature
/s/ Brenda S. Furlow, Attorney-in-Fact for James Hippel pursuant to Power of Attorney previously filed.
Stock symbol
TECH
Transactions as of
Sep 2, 2021
Transactions value $
-$4,006,265
Form type
4
Date filed
9/7/2021, 04:59 PM
Previous filing
Aug 10, 2021
Next filing
Nov 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TECH Common Stock Options Exercise $1.07M +10K +92.12% $106.59 20.9K Sep 2, 2021 Direct
transaction TECH Common Stock Sale -$5.07M -9.99K -47.92% $507.22* 10.9K Sep 2, 2021 Direct F1
transaction TECH Common Stock Sale -$3.56K -7 -0.06% $509.17* 10.9K Sep 2, 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
transaction TECH Stock Options (Right to Buy) Options Exercise $0 -10K -100% $0.00* 0 Sep 2, 2021 Common Stock 10K $106.59 Direct F3
holding TECH Stock Options (Right to Buy) 57.1K Sep 2, 2021 Common Stock 57.1K $125.05 Direct F3
holding TECH Stock Options (Right to Buy) 18.1K Sep 2, 2021 Common Stock 18.1K $177.32 Direct F3
holding TECH Stock Options (Right to Buy) 24.1K Sep 2, 2021 Common Stock 24.1K $177.32 Direct F4
holding TECH Restricted Stock Units 3.94K Sep 2, 2021 Common Stock 3.94K Direct F2, F5
holding TECH Stock Options (Right to Buy) 19.9K Sep 2, 2021 Common Stock 19.9K $190.41 Direct F5
holding TECH Stock Options (Right to Buy) 26.6K Sep 2, 2021 Common Stock 26.6K $190.41 Direct F6
holding TECH Restricted Stock Units 3.22K Sep 2, 2021 Common Stock 3.22K Direct F2, F7
holding TECH Stock Options (Right to Buy) 14.4K Sep 2, 2021 Common Stock 14.4K $267.87 Direct F7
holding TECH Stock Options (Right to Buy) 19.1K Sep 2, 2021 Common Stock 19.1K $267.87 Direct F8
holding TECH Stock Options (Right to Buy) 8.33K Sep 2, 2021 Common Stock 8.33K $267.87 Direct F9
holding TECH Stock Options (Right to Buy) 8.33K Sep 2, 2021 Common Stock 8.33K $267.87 Direct F10
holding TECH Restricted Stock Units 1.95K Sep 2, 2021 Common Stock 1.95K Direct F2, F11
holding TECH Stock Options (Right to Buy) 7.6K Sep 2, 2021 Common Stock 7.6K $481.82 Direct F11
holding TECH Stock Options (Right to Buy) 10.1K Sep 2, 2021 Common Stock 10.1K $481.82 Direct F12
* 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 $507.00 to $507.915, 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 Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
F3 Fully exercisable.
F4 Options to purchase 6,023 shares vest on 8/8/2019 and options to purchase 6,022 shares vest on each of 8/8/2020, 8/8/2021 and 8/8/2022.
F5 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).
F6 Options to purchase 6,646 shares vest on 8/7/2020 and options to purchase 6,645 shares vest on each of 8/7/2021, 8/7/2022 and 8/7/2023.
F7 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).
F8 Options to purchase 4,787 shares vest on each of 8/5/2021, 8/5/2022 and 8/5/2023 and options to purchase 4,786 shares vest on 8/5/2024.
F9 Options to purchase 2,775 shares vest on each of 8/5/2021, 8/5/2022 and 8/5/2023.
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 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).
F12 Options to purchase 2,534 shares vest on each of 8/6/2022 and 8/6/2023 and options to purchase 2,533 shares vest on each of 8/6/2024 and 8/6/2025.