James Hippel - Aug 7, 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.
Stock symbol
TECH
Transactions as of
Aug 7, 2022
Transactions value $
-$742,196
Form type
4
Date filed
8/9/2022, 06:57 PM
Previous filing
Nov 3, 2021
Next filing
Aug 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TECH Common Stock Options Exercise $0 +3.94K +36.62% $0.00 14.7K Aug 7, 2022 Direct
transaction TECH Common Stock Tax liability -$742K -1.94K -13.19% $382.97 12.8K Aug 7, 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 -3.94K -100% $0.00* 0 Aug 7, 2022 Common Stock 3.94K Direct F1, F3
holding TECH Stock Options (Right to Buy) 47.4K Aug 7, 2022 Common Stock 47.4K $125.05 Direct F2
holding TECH Stock Options (Right to Buy) 18.1K Aug 7, 2022 Common Stock 18.1K $177.32 Direct F2
holding TECH Stock Options (Right to Buy) 24.1K Aug 7, 2022 Common Stock 24.1K $177.32 Direct F2
holding TECH Stock Options (Right to Buy) 24.1K Aug 7, 2022 Common Stock 24.1K $190.41 Direct F2
holding TECH Stock Options (Right to Buy) 26.6K Aug 7, 2022 Common Stock 26.6K $190.41 Direct F4
holding TECH Restricted Stock Units 3.22K Aug 7, 2022 Common Stock 3.22K Direct F1, F5
holding TECH Stock Options (Right to Buy) 14.4K Aug 7, 2022 Common Stock 14.4K $267.87 Direct F5
holding TECH Stock Options (Right to Buy) 19.1K Aug 7, 2022 Common Stock 19.1K $267.87 Direct F6
holding TECH Stock Options (Right to Buy) 8.33K Aug 7, 2022 Common Stock 8.33K $267.87 Direct F7
holding TECH Stock Options (Right to Buy) 8.33K Aug 7, 2022 Common Stock 8.33K $267.87 Direct F8
holding TECH Restricted Stock Units 1.95K Aug 7, 2022 Common Stock 1.95K Direct F1, F9
holding TECH Stock Options (Right to Buy) 7.6K Aug 7, 2022 Common Stock 7.6K $481.82 Direct F9
holding TECH Stock Options (Right to Buy) 10.1K Aug 7, 2022 Common Stock 10.1K $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.