Charles R. Kummeth - 07 Jun 2023 Form 4 Insider Report for BIO-TECHNE Corp (TECH)

Role
Chief Executive Officer, Director
Signature
/s/ Andrew Nick, as Attorney-in-Fact pursuant to Power of Attorney previously filed.
Issuer symbol
TECH
Transactions as of
07 Jun 2023
Net transactions value
-$26,726
Form type
4
Filing time
09 Jun 2023, 16:07:56 UTC
Previous filing
22 May 2023
Next filing
05 Jul 2023
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 $26,726 -322 -0.03% $83.00 1,112,817 07 Jun 2023 Direct F1
holding TECH Common Stock 400 07 Jun 2023 By Step-Son
holding TECH Common Stock 400 07 Jun 2023 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
holding TECH Stock Options (Right to Buy) 616,676 07 Jun 2023 Common Stock 616,676 $26.65 Direct F2
holding TECH Stock Options (Right to Buy) 779,084 07 Jun 2023 Common Stock 779,084 $31.26 Direct F2
holding TECH Stock Options (Right to Buy) 361,336 07 Jun 2023 Common Stock 361,336 $44.33 Direct F2
holding TECH Stock Options (Right to Buy) 240,888 07 Jun 2023 Common Stock 240,888 $44.33 Direct F2
holding TECH Stock Options (Right to Buy) 342,900 07 Jun 2023 Common Stock 342,900 $47.60 Direct F2
holding TECH Restricted Stock Units 52,900 07 Jun 2023 Common Stock 52,900 Direct F3, F4
holding TECH Stock Options (Right to Buy) 228,600 07 Jun 2023 Common Stock 228,600 $47.60 Direct F5
holding TECH Restricted Stock Units 51,516 07 Jun 2023 Common Stock 51,516 Direct F3, F6
holding TECH Stock Options (Right to Buy) 299,768 07 Jun 2023 Common Stock 299,768 $66.97 Direct F6
holding TECH Stock Options (Right to Buy) 153,180 07 Jun 2023 Common Stock 153,180 $66.97 Direct F7
holding TECH Stock Options (Right to Buy) 66,600 07 Jun 2023 Common Stock 66,600 $66.97 Direct F8
holding TECH Stock Options (Right to Buy) 66,600 07 Jun 2023 Common Stock 66,600 $66.97 Direct F9
holding TECH Restricted Stock Units 32,064 07 Jun 2023 Common Stock 32,064 Direct F3, F10
holding TECH Stock Options (Right to Buy) 125,260 07 Jun 2023 Common Stock 125,260 $120.46 Direct F10
holding TECH Stock Options (Right to Buy) 83,504 07 Jun 2023 Common Stock 83,504 $120.46 Direct F11
holding TECH Stock Options (Right to Buy) 1,200,000 07 Jun 2023 Common Stock 1,200,000 $94.52 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (i) 11,448 shares of restricted stock for which the risk of forfeiture will lapse on August 5, 2023; and (ii) 14,248 shares of restricted stock for which the risk of forfeiture will lapse as to 7,128 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 17,632 shares vest on each of 8/15/2023 and 8/15/2025, and 17,636 shares vest on 8/15/2024.
F5 Options to purchase 57,152 shares vest on each of 8/7/2020 and 8/7/2021 and options to purchase 57,148 shares vest on each of 8/7/2022 and 8/7/2023.
F6 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).
F7 Options to purchase 38,292 shares vest on 8/5/21 and options to purchase 38,296 shares vest on each of 8/5/22, 8/5/23 and 8/5/24.
F8 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.
F9 Options to purchase 22,200 shares vest on each of 8/5/21, 8/5/22 and 8/5/23.
F10 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).
F11 Options to purchase 20,876 shares vest on each of 8/6/2022, 8/6/2023, 8/6/2024 and 8/6/2025.
F12 600,000 options vest in full or in part on 7/1/2023 if certain performance goals are achieved (or such later date as performance is certified by the Administrator), and 600,000 options vest in full or in part on 7/1/2024 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).