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TECH Bio Techne Corporation

74.175
10.97 (17.35%)
Last Updated: 16:10:42
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bio Techne Corporation NASDAQ:TECH NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  10.97 17.35% 74.175 74.12 74.28 76.68 70.012 70.54 1,263,653 16:10:42

Statement of Changes in Beneficial Ownership (4)

13/01/2021 10:19pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Hippel James
2. Issuer Name and Ticker or Trading Symbol

BIO-TECHNE Corp [ TECH ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Financial Officer
(Last)          (First)          (Middle)

614 MCKINLEY PLACE N.E.
3. Date of Earliest Transaction (MM/DD/YYYY)

1/11/2021
(Street)

MINNEAPOLIS, MN 55413
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 1/11/2021  M  10000 A$106.59 19137 D  
Common Stock 1/11/2021  S(1)  400 D$328.6809 (2)18737 D  
Common Stock 1/11/2021  S(1)  400 D$330.265 (3)18337 D  
Common Stock 1/11/2021  S(1)  700 D$331.6094 (4)17637 D  
Common Stock 1/11/2021  S(1)  2501 D$333.2328 (5)15136 D  
Common Stock 1/11/2021  S(1)  3990 D$334.3907 (6)11146 D  
Common Stock 1/11/2021  S(1)  2009 D$334.9842 (7)9137 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options (Right to Buy) $106.59 1/11/2021  M     10000   (9)8/18/2023 Common Stock 10000 $0 49942 D  
Stock Options (Right to Buy) $125.05            (9)8/9/2024 Common Stock 24460  24460 D  
Stock Options (Right to Buy) $125.05            (10)8/9/2024 Common Stock 32613  32613 D  
Restricted Stock Units  (8)           (11) (11)Common Stock 3383  3383 D  
Stock Options (Right to Buy) $177.32            (11)8/8/2025 Common Stock 18066  18066 D  
Stock Options (Right to Buy) $177.32            (12)8/8/2025 Common Stock 24089  24089 D  
Restricted Stock Units  (8)           (13) (13)Common Stock 3938  3938 D  
Stock Options (Right to Buy) $190.41            (13)8/7/2026 Common Stock 19936  19936 D  
Stock Options (Right to Buy) $190.41            (14)8/7/2026 Common Stock 26581  26581 D  
Restricted Stock Units  (8)           (15) (15)Common Stock 3219  3219 D  
Stock Options (Right to Buy) $267.87            (15)8/5/2027 Common Stock 14360  14360 D  
Stock Options (Right to Buy) $267.87            (16)8/5/2027 Common Stock 19147  19147 D  
Stock Options (Right to Buy) $267.87            (17)8/5/2027 Common Stock 8325  8325 D  
Stock Options (Right to Buy) $267.87            (18)8/5/2027 Common Stock 8325.0  8325.0 D  

Explanation of Responses:
(1) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 9, 2020.
(2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $328.46 to $329.38, 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.
(3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $330.06 to $330.80, 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.
(4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $331.06 to $332.02, 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.
(5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $332.79 to $333.73, 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.
(6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $333.79 to $334.78, 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.
(7) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $334.81 to $335.61, 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.
(8) Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
(9) Fully exercisable.
(10) Options to purchase 8,153 shares vest on each of 8/9/2018, 8/9/2019, 8/9/2020 and options to purchase 8,154 shares vest on 8/9/2021.
(11) 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).
(12) Options to purchase 6,023 shares vest on 8/8/2019 and options to purchase 6,022 shares vest on each of 8/8/2020, 8/8/2021 and 8/8/2022.
(13) Vests in full or in part on 8/7/2022 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
(14) 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.
(15) 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).
(16) 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.
(17) Options to purchase 2,775 shares vest on each of 8/5/2021, 8/5/2022 and 8/5/2023.
(18) 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Hippel James
614 MCKINLEY PLACE N.E.
MINNEAPOLIS, MN 55413


Chief Financial Officer

Signatures
/s/ Brenda S. Furlow, Attorney-in-Fact for James Hippel pursuant to Power of Attorney previously filed.1/13/2021
**Signature of Reporting PersonDate

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