Charles R. Kummeth - 28 Jul 2022 Form 4 Insider Report for BIO-TECHNE Corp (TECH)

Reporting relationship
CHIEF EXECUTIVE OFFICER, Director
Issuer ticker
TECH
Reported as of
28 Jul 2022
Net transaction value
-$5,630,130
Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
01 Aug 2022, 18:11:06 UTC
Prior SEC filing
08 Jul 2022
Next SEC filing
09 Aug 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Brenda S. Furlow, Attorney-in-Fact

Key filing fact

Charles R. Kummeth filed Form 4 for BIO-TECHNE Corp (TECH) on 01 Aug 2022.

Key facts

  • This page summarizes Charles R. Kummeth's Form 4 filing for BIO-TECHNE Corp (TECH).
  • 3 reported transactions and 16 derivative rows are listed below.
  • Accepted by SEC: 01 Aug 2022, 18:11.

Change

  • Previous filing in this sequence was filed on 08 Jul 2022.
  • Current net transaction value: -$5,630,130.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TECH transaction

Common Stock

Options Exercise

Transaction value
$4,919,588
Shares
+45,346
Change %
+21%
Price
$108.49
Shares after
262,749
Date
28 Jul 2022
Ownership
Direct
Footnotes
F1
TECH transaction

Common Stock

Tax liability

Transaction value
$10,549,717
Shares
-27,707
Change %
-11%
Price
$380.76
Shares after
235,042
Date
28 Jul 2022
Ownership
Direct
Footnotes
F1
TECH holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
100
Date
28 Jul 2022
Ownership
By Step-Son
TECH holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
100
Date
28 Jul 2022
Ownership
By Step-Daughter

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TECH transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value
$0
Shares
-45,346
Change %
-100%
Price
$0.000000*
Shares after
0
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
45,346
Exercise price
$108.49
Footnotes
F2
TECH holding Derivative

Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
256,010
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
256,010
Exercise price
$106.59
Footnotes
F2
TECH holding Derivative

Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
194,771
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
194,771
Exercise price
$125.05
Footnotes
F2
TECH holding Derivative

Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
90,334
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
90,334
Exercise price
$177.32
Footnotes
F2
TECH holding Derivative

Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
60,222
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
60,222
Exercise price
$177.32
Footnotes
F3
TECH holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
16,937
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
16,937
Exercise price
Footnotes
F4, F5
TECH holding Derivative

Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
85,725
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
85,725
Exercise price
$190.41
Footnotes
F5
TECH holding Derivative

Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
57,150
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
57,150
Exercise price
$190.41
Footnotes
F6
TECH holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
12,879
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
12,879
Exercise price
Footnotes
F4, F7
TECH holding Derivative

Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
57,442
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
57,442
Exercise price
$267.87
Footnotes
F7
TECH holding Derivative

Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
38,295
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
38,295
Exercise price
$267.87
Footnotes
F8
TECH holding Derivative

Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
16,650
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
16,650
Exercise price
$267.87
Footnotes
F9
TECH holding Derivative

Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
16,650
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
16,650
Exercise price
$267.87
Footnotes
F10
TECH holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
8,016
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
8,016
Exercise price
Footnotes
F4, F11
TECH holding Derivative

Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
31,315
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
31,315
Exercise price
$481.82
Footnotes
F11
TECH holding Derivative

Stock Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
20,876
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Sstock
Underlying amount
20,876
Exercise price
$481.82
Footnotes
F12
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 12 footnotes

Footnote F1

Includes (i) 3,763 shares of restricted stock for which the risk of forfeiture will lapse on August 7, 2022; (ii) 5,724 shares of restricted stock for which the risk of forfeiture will lapse as to 2,862 shares on each of August 5, 2022 and August 5, 2023; and (iii) 5,344 shares of restricted stock for which the risk of forfeiture will lapse as to 1,782 shares on August 6, 2022 and as to 1,781 shares on each of August 6, 2023 and August 6, 2024.

Footnote F2

Fully exercisable.

Footnote F3

Options to purchase 15,056 shares vests on each of 8/8/2019 and 8/8/2020 and options to purchase 15,055 shares vests on each of 8/8/2021 and 8/8/2022.

Footnote F4

Each restricted stock unit represents a contingent right to receive one share of Bio-Techne common stock.

Footnote 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).

Footnote F6

Options to purchase 14,288 shares vest on each of 8/7/2020 and 8/7/2021 and options to purchase 14,287 shares vest on each of 8/7/2022 and 6/7/2023.

Footnote F7

Vests in full or in part on 8/5/2023 if certain performance goals are achieved (or such later ate as performance is certified by the Administrator).

Footnote F8

Options to purchase 9,573 shares vest on 8/5/21 and options to purchase 9,574 shares vest on each of 8/5/22, 8/5/23 and 8/5/24.

Footnote F9

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.

Footnote F10

Options to purchase 5,550 shares vest on each of 8/5/21, 8/5/22 and 8/5/23.

Footnote 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).

Footnote F12

Options to purchase 5,219 shares vest on each of 8/6/2022, 8/6/2023, 8/6/2024 and 8/6/2025.

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