Brenda S. Furlow - Aug 8, 2022 Form 4 Insider Report for BIO-TECHNE Corp (TECH)

Role
SVP - General Counsel
Signature
/s/ Andrew Nick as Attorney-in-Fact for Brenda S. Furlow pursuant to Power of Attorney previously filed.
Stock symbol
TECH
Transactions as of
Aug 8, 2022
Transactions value $
$99,831
Form type
4
Date filed
8/10/2022, 06:08 PM
Previous filing
Aug 9, 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 $99.8K +563 +9.45% $177.32 6.52K Aug 8, 2022 Direct
holding TECH Common Stock 1.33K Aug 8, 2022 By Trust #1
holding TECH Common Stock 1.33K Aug 8, 2022 By Trust #2

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 Stock Options (Right to Buy) Options Exercise $0 -563 -3.29% $0.00 16.6K Aug 8, 2022 Common Stock 563 $177.32 Direct F2
holding TECH Stock Options (Right to Buy) 9.5K Aug 8, 2022 Common Stock 9.5K $125.05 Direct F2
holding TECH Stock Options (Right to Buy) 9.97K Aug 8, 2022 Common Stock 9.97K $190.41 Direct F3
holding TECH Stock Options (Right to Buy) 13.3K Aug 8, 2022 Common Stock 13.3K $190.41 Direct F4
holding TECH Restricted Stock Units 1.68K Aug 8, 2022 Common Stock 1.68K Direct F1, F5
holding TECH Stock Options (Right to Buy) 7.49K Aug 8, 2022 Common Stock 7.49K $267.87 Direct F5
holding TECH Stock Options (Right to Buy) 9.99K Aug 8, 2022 Common Stock 9.99K $267.87 Direct F6
holding TECH Stock Options (Right to Buy) 8.33K Aug 8, 2022 Common Stock 8.33K $267.87 Direct F7
holding TECH Stock Options (Right to Buy) 8.33K Aug 8, 2022 Common Stock 8.33K $267.87 Direct F8
holding TECH Stock Options (Right to Buy) 11K Aug 8, 2022 Common Stock 11K $372.44 Direct
holding TECH Restricted Stock Units 1.17K Aug 8, 2022 Common Stock 1.17K Direct F1, F9
holding TECH Stock Options (Right to Buy) 4.56K Aug 8, 2022 Common Stock 4.56K $481.82 Direct F9
holding TECH Stock Options (Right to Buy) 6.08K Aug 8, 2022 Common Stock 6.08K $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 common stock.
F2 Fully exercisable.
F3 On 8/7/22, the Board of Directors certified vesting of 1,969 performance RSUs.
F4 Options to purchase 3,323 shares vest on each of 8/7/2020 and 8/7/2021 and options to purchase 3,322 shares vest on each of 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 2,497 shares vest on each of 8/5/2021 and 8/5/2022 and options to purchase 2,498 shares vest on each of 8/5/2023 and 8/5/2024.
F7 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.
F8 Options to purchase 2,775 shares vest on each of 8/5/2021, 8/5/2022 and 8/5/2023.
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 1,520 shares vest on each of 8/6/2022, 8/6/2023, 8/6/2024 and 8/6/2025.