Bio-Techne (TECH) Form 4 BIO-TECHNE / Charles R. Kummeth ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Kummeth Charles R.

(Last) (First) (Middle)

614 MCKINLEY PLACE NE

(Street)

MINNEAPOLIS MN 55413

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BIO-TECHNE Corp [ TECH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/04/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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	01/04/2023		M		407,364	A	$26.65	1,368,976(1)	D
Common Stock	01/04/2023		F		255,837	D	$84.39	1,113,139	D
Common Stock								400	I	By Step-Son
Common Stock								400	I	By Step-Daughter

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	$26.65	01/04/2023		M			407,364	(2)	08/18/2023	Common Stock	407,364	$0	616,676	D
Stock Options (Right to Buy)	$31.2625							(2)	08/09/2024	Common Stock	779,084		779,084	D
Stock Options (Right to Buy)	$44.33							(2)	08/08/2025	Common Stock	361,336		361,336	D
Stock Options (Right to Buy)	$44.33							(2)	08/08/2025	Common Stock	240,888		240,888	D
Stock Options (Right to Buy)	$47.6025							(2)	08/07/2026	Common Stock	342,900		342,900	D
Restricted Stock Units	(3)							(4)	(4)	Common Stock	52,900		52,900	D
Stock Options (Right to Buy)	$94.52							(5)	08/15/2029	Common Stock	1,200,000		1,200,000	D
Stock Options (Right to Buy)	$47.6025							(6)	08/07/2026	Common Stock	228,600		228,600	D
Restricted Stock Units	(3)							(7)	(7)	Common Stock	51,516		51,516	D
Stock Options (Right to Buy)	$66.9675							(7)	08/05/2027	Common Stock	299,768		299,768	D
Stock Options (Right to Buy)	$66.9675							(8)	08/05/2027	Common Stock	153,180		153,180	D
Stock Options (Right to Buy)	$66.9675							(9)	08/05/2027	Common Stock	66,600		66,600	D
Stock Options (Right to Buy)	$66.9675							(10)	08/05/2027	Common Stock	66,600		66,600	D
Restricted Stock Units	(3)							(11)	(11)	Common Stock	32,064		32,064	D
Stock Options (Right to Buy)	$120.455							(11)	08/06/2028	Common Stock	125,260		125,260	D
Stock Options (Right to Buy)	$120.455							(12)	08/06/2028	Common Stock	83,504		83,504	D

Explanation of Responses:

1. Includes (i) 11,448 shares of restricted stock for which the risk of forfeiture will lapse on August 5, 2023; and (ii) 14,248 shares of restricted stock for which the risk of forfeiture will lapse as to 7,128 shares on each of August 6, 2023 and August 6, 2024.

2. Fully exercisable.

3. Each restricted stock unit represents a contingent right to receive one share of Bio-Techne common stock.

4. 17,632 shares vest on each of 8/15/2023 and 8/15/2025, and 17,636 shares vest on 8/15/2024.

5. 600,000 options vest in full or in part on 7/1/2023 if certain performance goals are achieved (or such later date as performance is certified by the Administrator), and 600,000 options vest in full or in part on 7/1/2024 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).

6. Options to purchase 57,152 shares vest on each of 8/7/2020 and 8/7/2021 and options to purchase 57,148 shares vest on each of 8/7/2022 and 8/7/2023.

7. 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).

8. Options to purchase 38,292 shares vest on 8/5/21 and options to purchase 38,296 shares vest on each of 8/5/22, 8/5/23 and 8/5/24.

9. 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.

10. Options to purchase 22,200 shares vest on each of 8/5/21, 8/5/22 and 8/5/23.

11. 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).

12. Options to purchase 20,876 shares vest on each of 8/6/2022, 8/6/2023, 8/6/2024 and 8/6/2025.

Remarks:

On November 28, 2022, the Company completed a four-for-one stock split. All common stock amounts and exercise prices in the filing relating to securities acquired prior to November 28, 2022 have been adjusted to reflect the four-for-one stock split.

	/s/ Brenda S. Furlow, Attorney-in-Fact	01/06/2023
	** Signature of Reporting Person	Date
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