James Hippel - 05 Aug 2023 Form 4 Insider Report for BIO-TECHNE Corp (TECH)

Role
CFO
Signature
/s/ Andrew Nick, Attorney-in-Fact for James Hippel pursuant to Power of Attorney previously filed
Issuer symbol
TECH
Transactions as of
05 Aug 2023
Net transactions value
-$520,547
Form type
4
Filing time
08 Aug 2023, 17:29:45 UTC
Previous filing
17 Aug 2022
Next filing
14 Dec 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 Options Exercise $0 +12,876 +25% $0.000000 63,896 05 Aug 2023 Direct
transaction TECH Common Stock Tax liability $520,547 -6,335 -9.9% $82.17 57,561 05 Aug 2023 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 Restricted Stock Units Options Exercise $0 -12,876 -100% $0.000000* 0 05 Aug 2023 Common Stock 12,876 Direct F2, F3
holding TECH Stock Options (Right to Buy) 189,156 05 Aug 2023 Common Stock 189,156 $31.26 Direct F1
holding TECH Stock Options (Right to Buy) 72,264 05 Aug 2023 Common Stock 72,264 $44.33 Direct F1
holding TECH Stock Options (Right to Buy) 96,356 05 Aug 2023 Common Stock 96,356 $44.33 Direct F1
holding TECH Stock Options (Right to Buy) 79,744 05 Aug 2023 Common Stock 79,744 $47.60 Direct F1
holding TECH Stock Options (Right to Buy) 106,324 05 Aug 2023 Common Stock 106,324 $47.60 Direct F1
holding TECH Stock Options (Right to Buy) 57,440 05 Aug 2023 Common Stock 57,440 $66.97 Direct F1
holding TECH Stock Options (Right to Buy) 33,300 05 Aug 2023 Common Stock 33,300 $66.97 Direct F1
holding TECH Stock Options (Right to Buy) 76,588 05 Aug 2023 Common Stock 76,588 $66.97 Direct F4
holding TECH Restricted Stock Units 7,780 05 Aug 2023 Common Stock 7,780 Direct F2, F5
holding TECH Stock Options (Right to Buy) 30,400 05 Aug 2023 Common Stock 30,400 $120.46 Direct F5
holding TECH Stock Options (Right to Buy) 40,536 05 Aug 2023 Common Stock 40,536 $120.46 Direct F6
holding TECH Restricted Stock Units 10,912 05 Aug 2023 Common Stock 10,912 Direct F2, F7
holding TECH Stock Options (Right to Buy) 33,916 05 Aug 2023 Common Stock 33,916 $94.52 Direct F7
holding TECH Stock Options (Right to Buy) 45,220 05 Aug 2023 Common Stock 45,220 $94.52 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Fully exercisable.
F2 Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
F3 On 8/5/2023, the Board of Directors certified vesting of 12,876 performance RSUs.
F4 Options to purchase 57,440 shares are vested. Options to purchase 19,148 shares vest on 8/5/2024.
F5 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).
F6 Options to purchase 20,268 shares are vested. Options to purchase 10,136 shares vest on 8/6/2024 and options to purchase 10,134 shares vest on 8/6/2025.
F7 Vests in full or in part on 8/15/2025 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
F8 Options to purchase 11,304 shares vest on each of 8/15/2023, 8/15/2025 and 8/15/2026 and options to purchase 11,308 shares vest on 8/15/2024.

Remarks:

On November 28, 2022, the Company completed a four-for-one stock split. All common stock amounts and exercise prices in the filing relating to securities acquired prior to November 28, 2022 have been adjusted to reflect the four-for-one stock split.