James Hippel - Aug 5, 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
Stock symbol
TECH
Transactions as of
Aug 5, 2023
Transactions value $
-$520,547
Form type
4
Date filed
8/8/2023, 05:29 PM
Previous filing
Aug 17, 2022
Next filing
Dec 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TECH Common Stock Options Exercise $0 +12.9K +25.24% $0.00 63.9K Aug 5, 2023 Direct
transaction TECH Common Stock Tax liability -$521K -6.34K -9.91% $82.17 57.6K Aug 5, 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 -12.9K -100% $0.00* 0 Aug 5, 2023 Common Stock 12.9K Direct F2, F3
holding TECH Stock Options (Right to Buy) 189K Aug 5, 2023 Common Stock 189K $31.26 Direct F1
holding TECH Stock Options (Right to Buy) 72.3K Aug 5, 2023 Common Stock 72.3K $44.33 Direct F1
holding TECH Stock Options (Right to Buy) 96.4K Aug 5, 2023 Common Stock 96.4K $44.33 Direct F1
holding TECH Stock Options (Right to Buy) 79.7K Aug 5, 2023 Common Stock 79.7K $47.60 Direct F1
holding TECH Stock Options (Right to Buy) 106K Aug 5, 2023 Common Stock 106K $47.60 Direct F1
holding TECH Stock Options (Right to Buy) 57.4K Aug 5, 2023 Common Stock 57.4K $66.97 Direct F1
holding TECH Stock Options (Right to Buy) 33.3K Aug 5, 2023 Common Stock 33.3K $66.97 Direct F1
holding TECH Stock Options (Right to Buy) 76.6K Aug 5, 2023 Common Stock 76.6K $66.97 Direct F4
holding TECH Restricted Stock Units 7.78K Aug 5, 2023 Common Stock 7.78K Direct F2, F5
holding TECH Stock Options (Right to Buy) 30.4K Aug 5, 2023 Common Stock 30.4K $120.46 Direct F5
holding TECH Stock Options (Right to Buy) 40.5K Aug 5, 2023 Common Stock 40.5K $120.46 Direct F6
holding TECH Restricted Stock Units 10.9K Aug 5, 2023 Common Stock 10.9K Direct F2, F7
holding TECH Stock Options (Right to Buy) 33.9K Aug 5, 2023 Common Stock 33.9K $94.52 Direct F7
holding TECH Stock Options (Right to Buy) 45.2K Aug 5, 2023 Common Stock 45.2K $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.