SEC Form 4 · accession 0000914190-15-000147
BIO-TECHNE Corp · TECH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Hippel
Officer — Chief Financial Officer
Period of report
Mar 31, 2015
Accepted (ET)
Apr 2, 2015 · 4:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000842023
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 31, 2015 | M | 1,666 | — | A | 1,666 | D | |
| Common Stock | Mar 31, 2015 | F | 566 | $100.29 | D | 1,100 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Mar 31, 2015 | M | 1,666 | D | — | — | Common Stock | 1,666 | 3,334 | D |
| Stock Option (Right to Buy)F3 | $86.25 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 25,000 | 25,000 | D |
| Stock Option (Right to Buy)F4 | $86.25 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 10,000 | 10,000 | D |
| Stock Option (Right to Buy)F5 | $94.35 | holding | — | — | — | — | Aug 12, 2021 | Common Stock | 35,000 | 35,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
- F2On April 1, 2014, the reporting person was granted 5,000 restricted stock units, vesting in three equal annual installments beginning on March 31, 2015.
- F3Vests 6,250 shares on each of April 1, 2015, April 1, 2016, April 1, 2017 and April 1, 2018.
- F4This performance based stock option award will vest if, and only if, certain performance goals are achieved, which performance goals will be established by the Executive Compensation Committee within 60 days of the grant date.
- F5Vests 8,750 shares on each of August 12, 2015, August 12, 2016, August 12, 2017 and August 12, 2018.