Bio-Techne (TECH) Form 4 BIO-TECHNE / Kim Kelderman 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^*

Kelderman Kim

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Pres. Diagnostics & Genom

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2022

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	08/07/2022		M		2,363	A	$0	4,352	D
Common Stock	08/07/2022		F		1,214	D	$382.97	3,138	D

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 Option (Right to Buy)	$150.78							(1)	05/01/2025	Common Stock	7,511		7,511	D
Stock Option (Right to Buy)	$177.32							(1)	08/08/2025	Common Stock	12,044		12,044	D
Stock Option (Right to Buy)	$177.32							(1)	08/08/2025	Common Stock	9,033		9,033	D
Restricted Stock Units	(2)	08/07/2022		M			2,363	(3)	(3)	Common Stock	2,363	$0	0	D
Stock Option (Right to Buy)	$190.41							(1)	08/07/2026	Common Stock	11,961		11,961	D
Stock Option (Right to Buy)	$190.41							(4)	08/07/2026	Common Stock	15,948		15,948	D
Restricted Stock Units	(2)							(5)	(5)	Common Stock	2,015		2,015	D
Stock Option (Right to Buy)	$267.87							(5)	08/05/2027	Common Stock	8,991		8,991	D
Stock Option (Right to Buy)	$267.87							(6)	08/05/2027	Common Stock	11,988		11,988	D
Stock Option (Right to Buy)	$267.87							(7)	08/05/2027	Common Stock	8,325		8,325	D
Stock Option (Right to Buy)	$267.87							(8)	08/05/2027	Common Stock	8,325		8,325	D
Restricted Stock Units	(2)							(9)	(9)	Common Stock	1,245		1,245	D
Stock Option (Right to Buy)	$481.82							(10)	08/06/2028	Common stock	6,486		6,486	D
Stock Option (Right to Buy)	$481.82							(9)	08/06/2028	Common Stock	4,864		4,864	D

Explanation of Responses:

1. Fully exercisable.

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

3. On 8/7/2022, the Board of Directors certified vesting of 2,363 performance RSUs.

4. Options to purchase 3,987 shares vest on each of 8/7/2020, 8/7/2021, 8/7/2022 and 8/7/2023.

5. 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).

6. Options to purchase 2,997 shares vest on each of 8/5/2021, 8/5/2022, 8/5/2023 and 8/5/2024.

7. Options to purchase 2,775 shares vest on each of 8/5/2021, 8/5/2022 and 8/5/2023.

8. 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.

9. 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).

10. 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.

	/s/ Brenda S. Furlow as Attorney-in-Fact for Kim Kelderman pursuant to Power of Attorney previously filed.	08/09/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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