James Hippel - 07 Aug 2022 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.
Issuer symbol
TECH
Transactions as of
07 Aug 2022
Net transactions value
-$742,196
Form type
4
Filing time
09 Aug 2022, 18:57:00 UTC
Previous filing
03 Nov 2021
Next filing
17 Aug 2022
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 +3,938 +37% $0.000000 14,693 07 Aug 2022 Direct
transaction TECH Common Stock Tax liability $742,196 -1,938 -13% $382.97 12,755 07 Aug 2022 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 -3,938 -100% $0.000000* 0 07 Aug 2022 Common Stock 3,938 Direct F1, F3
holding TECH Stock Options (Right to Buy) 47,389 07 Aug 2022 Common Stock 47,389 $125.05 Direct F2
holding TECH Stock Options (Right to Buy) 18,066 07 Aug 2022 Common Stock 18,066 $177.32 Direct F2
holding TECH Stock Options (Right to Buy) 24,089 07 Aug 2022 Common Stock 24,089 $177.32 Direct F2
holding TECH Stock Options (Right to Buy) 24,089 07 Aug 2022 Common Stock 24,089 $190.41 Direct F2
holding TECH Stock Options (Right to Buy) 26,581 07 Aug 2022 Common Stock 26,581 $190.41 Direct F4
holding TECH Restricted Stock Units 3,219 07 Aug 2022 Common Stock 3,219 Direct F1, F5
holding TECH Stock Options (Right to Buy) 14,360 07 Aug 2022 Common Stock 14,360 $267.87 Direct F5
holding TECH Stock Options (Right to Buy) 19,147 07 Aug 2022 Common Stock 19,147 $267.87 Direct F6
holding TECH Stock Options (Right to Buy) 8,325 07 Aug 2022 Common Stock 8,325 $267.87 Direct F7
holding TECH Stock Options (Right to Buy) 8,325 07 Aug 2022 Common Stock 8,325 $267.87 Direct F8
holding TECH Restricted Stock Units 1,945 07 Aug 2022 Common Stock 1,945 Direct F1, F9
holding TECH Stock Options (Right to Buy) 7,600 07 Aug 2022 Common Stock 7,600 $481.82 Direct F9
holding TECH Stock Options (Right to Buy) 10,134 07 Aug 2022 Common Stock 10,134 $481.82 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
F2 Fully exercisable.
F3 On 8/7/22, the Board of Directors certified vesting of 3,938 performance RSUs.
F4 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.
F5 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).
F6 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.
F7 Options to purchase 2,775 shares vest on each of 8/5/2021, 8/5/2022 and 8/5/2023.
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 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).
F10 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.