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Filing Details

Accession Number:: 0001562180-19-003915
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-07-10 16:46:47
Reporting Period:: 2019-07-08

Accepted Time:: 2019-07-10 16:46:47
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
842023	Bio-Techne Corp	TECH	Biological Products, (No Disgnostic Substances) (2836)	411427402

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1534980	R. Charles Kummeth	614 Mckinley Pl Ne Minneapolis MN 55413	Chief Executive Officer	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2019-07-08	17,994	$67.46	110,170	No	4	M	Direct
Common Stock	Disposition	2019-07-08	17,994	$212.75	92,176	No	4	S	Direct
Common Stock	Acquisiton	2019-07-09	15,037	$67.46	107,213	No	4	M	Direct
Common Stock	Disposition	2019-07-09	15,037	$212.43	92,176	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (Right to buy)	Disposition	2019-07-08	17,994	$0.00	17,994	$67.46
Common Stock	Stock Options (Right to buy)	Disposition	2019-07-09	15,037	$0.00	15,037	$67.46

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
32,006		2020-04-01	No	4	M	Direct
16,969		2020-04-01	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Units	$0.00		24,979	24,979	Direct
Common Stock	Restricted Stock Units	$0.00		21,291	21,291	Direct
Common Stock	Restricted Stock Units	$0.00		16,918	16,918	Direct
Common Stock	Stock Option (Right to Buy)	$108.49	2022-08-07	79,517	79,517	Direct
Common Stock	Stock Option (Right to Buy)	$106.59	2023-08-18	102,779	102,779	Direct
Common Stock	Stock Option (Right to Buy)	$106.59	2023-08-18	154,169	154,169	Direct
Common Stock	Stock Option (Right to Buy)	$86.25	2021-04-01	46,316	46,316	Direct
Common Stock	Stock Option (Right to Buy)	$67.46	2020-04-01	65,000	65,000	Direct
Common Stock	Stock Options (Right to buy)	$177.32	2025-08-08	60,222	60,222	Direct
Common Stock	Stock Options (Right to buy)	$177.32	2025-08-08	90,334	90,334	Direct
Common Stock	Stock Options (Right to buy)	$125.05	2024-08-09	117,342	117,342	Direct
Common Stock	Stock Options (Right to buy)	$125.05	2024-08-09	78,228	78,228	Direct
Common Stock	Stock Options (Right to buy)	$94.35	2021-08-12	66,849	66,849	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	24,979	24,979	Direct
	21,291	21,291	Direct
	16,918	16,918	Direct
2022-08-07	79,517	79,517	Direct
2023-08-18	102,779	102,779	Direct
2023-08-18	154,169	154,169	Direct
2021-04-01	46,316	46,316	Direct
2020-04-01	65,000	65,000	Direct
2025-08-08	60,222	60,222	Direct
2025-08-08	90,334	90,334	Direct
2024-08-09	117,342	117,342	Direct
2024-08-09	78,228	78,228	Direct
2021-08-12	66,849	66,849	Direct

Footnotes

Includes (i) 5,551 shares of restricted stock for which the risks of forfeiture will lapse on August 18, 2019; (ii) 9,463 shares of restricted stock for which the risks of forfeiture will lapse with respect to 4,731 shares on August 9, 2019 and as to 4,732 shares on August 9, 2020; and (iii) 11,279 shares of restricted stock for which the risk of forfeiture will lapse as to 3,760 shares on August 8, 2019 and August 8, 2020 and as to 3,759 shares on August 8, 2021.
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2019 and amended on June 7, 2019.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.00 to $214.125, inclusive. The reporting person undertakes to provide Bio-Techne Corporation, any security holder of Bio-Techne Corporation, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.00 to $213.58, inclusive. The reporting person undertakes to provide Bio-Techne Corporation, any security holder of Bio-Techne Corporation, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Fully exercisable
Each restricted stock unit represents a contingent right to receive one share of Bio-Techne common stock.
Vests in full or in part on 8/18/19 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
Vests in full or in part on 8/9/2020 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
Vests in full or in part on 8/8/2021 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
Vests 19,879 shares on each of 8/7/16, 8/7/17 and 8/7/18 and 19,880 shares on 8/7/19.
Vests 25,695 shares on each of 8/18/17, 8/18/18, and 8/18/19 and 25,694 shares on 8/18/20.
Vests 15,056 shares each on 8/8/2019, 8/8/202 and 15,055 shares each on 8/8/2021, 8/8/2022
Vests 19,557 each on 8/9/2018, 8/9/2019, 8/9/2020, 8/9/2021