Kim Kelderman - Aug 7, 2022 Form 4 Insider Report for BIO-TECHNE Corp (TECH)

Role
Pres. Diagnostics & Genom
Signature
/s/ Brenda S. Furlow as Attorney-in-Fact for Kim Kelderman pursuant to Power of Attorney previously filed.
Stock symbol
TECH
Transactions as of
Aug 7, 2022
Transactions value $
-$464,926
Form type
4
Date filed
8/9/2022, 07:00 PM
Previous filing
Feb 10, 2022
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 +2.36K +118.8% $0.00 4.35K Aug 7, 2022 Direct
transaction TECH Common Stock Tax liability -$465K -1.21K -27.9% $382.97 3.14K 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 -2.36K -100% $0.00* 0 Aug 7, 2022 Common Stock 2.36K Direct F2, F3
holding TECH Stock Option (Right to Buy) 7.51K Aug 7, 2022 Common Stock 7.51K $150.78 Direct F1
holding TECH Stock Option (Right to Buy) 12K Aug 7, 2022 Common Stock 12K $177.32 Direct F1
holding TECH Stock Option (Right to Buy) 9.03K Aug 7, 2022 Common Stock 9.03K $177.32 Direct F1
holding TECH Stock Option (Right to Buy) 12K Aug 7, 2022 Common Stock 12K $190.41 Direct F1
holding TECH Stock Option (Right to Buy) 15.9K Aug 7, 2022 Common Stock 15.9K $190.41 Direct F4
holding TECH Restricted Stock Units 2.02K Aug 7, 2022 Common Stock 2.02K Direct F2, F5
holding TECH Stock Option (Right to Buy) 8.99K Aug 7, 2022 Common Stock 8.99K $267.87 Direct F5
holding TECH Stock Option (Right to Buy) 12K Aug 7, 2022 Common Stock 12K $267.87 Direct F6
holding TECH Stock Option (Right to Buy) 8.33K Aug 7, 2022 Common Stock 8.33K $267.87 Direct F7
holding TECH Stock Option (Right to Buy) 8.33K Aug 7, 2022 Common Stock 8.33K $267.87 Direct F8
holding TECH Restricted Stock Units 1.25K Aug 7, 2022 Common Stock 1.25K Direct F2, F9
holding TECH Stock Option (Right to Buy) 6.49K Aug 7, 2022 Common stock 6.49K $481.82 Direct F10
holding TECH Stock Option (Right to Buy) 4.86K Aug 7, 2022 Common Stock 4.86K $481.82 Direct F9
* 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 common stock.
F3 On 8/7/2022, the Board of Directors certified vesting of 2,363 performance RSUs.
F4 Options to purchase 3,987 shares vest on each of 8/7/2020, 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 2,997 shares vest on each of 8/5/2021, 8/5/2022, 8/5/2023 and 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 1,621 shares vest on each of 8/6/2022 and 8/6/2023 and options to purchase 1,622 shares vest on each of 8/6/2024 and 8/6/2025.