SEC Form 4 · accession 0000914190-17-000238
BIO-TECHNE Corp · TECH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles R. Kummeth
Officer — Chief Executive Officer · Director
Period of report
Aug 12, 2017
Accepted (ET)
Aug 15, 2017 · 4:44 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,F2,F3 | Aug 12, 2017 | M | 9,248 | — | A | 70,278 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F7,F6 | $94.35 | Aug 12, 2017 | A | 66,849 | A | — | Aug 12, 2021 | Common Stock | 66,849 | 66,849 | D |
| Stock Option (Right to Buy)F4 | $67.46 | holding | — | — | — | — | Apr 1, 2020 | Common Stock | 65,000 | 65,000 | D |
| Stock Option (Right to Buy)F4 | $67.46 | holding | — | — | — | — | Apr 1, 2020 | Common Stock | 50,000 | 50,000 | D |
| Stock Option (Right to Buy)F5 | $86.25 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 46,316 | 46,316 | D |
| Stock Option (Right to Buy)F8 | $108.49 | holding | — | — | — | — | Aug 7, 2022 | Common Stock | 79,517 | 79,517 | D |
| Stock Option (Right to Buy)F9 | $108.49 | holding | — | — | — | — | Aug 7, 2022 | Common Stock | 119,275 | 119,275 | D |
| Restricted Stock UnitF10,F9 | — | holding | — | — | — | — | — | Common Stock | 17,283 | 17,283 | D |
| Stock Option (Right to Buy)F11 | $106.59 | holding | — | — | — | — | Aug 18, 2023 | Common Stock | 102,779 | 102,779 | D |
| Stock Option (Right to Buy)F12 | $106.59 | holding | — | — | — | — | Aug 18, 2023 | Common Stock | 154,169 | 154,169 | D |
| Restricted Stock UnitF10,F12 | — | holding | — | — | — | — | — | Common Stock | 24,979 | 24,979 | D |
Explanation of responses
- F1On August 12, 2014, the reporting person was granted 11,129 restricted stock units (previously reported). The restricted stock units would vest in full or in part on August 12, 2017 if certain performance goals were achieved during each of the 2015, 2016 and 2017 fiscal years. The performance criteria was determined, resulting in the restricted stock unit vesting as to 9,248 shares.
- F10Each restricted stock unit represents a contingent right to receive one share of Bio-Techne common stock.
- F11Vests 25,695 shares on each of 8/18/17, 8/18/18, and 8/18/19 and 25,694 shares on 8/18/20.
- F12Vests 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).
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3Includes (i) 10,203 shares for which the risk of forfeiture will lapse pursuant to achievement of performance goals; (ii) 3,841 shares for which the risks of forfeiture will lapse on August 7, 2018; and (iii) 16,653 shares for which the risks of forfeiture will lapse with respect to 5,551 shares on each of August 18, 2017, August 18, 2018 and August 18, 2019.
- F4Fully exercisable.
- F5The option will vest pursuant to the following schedule: 5,790 shares on October 1, 2014, 965 shares on the first day of the month for the period beginning November 1, 2014 and ending March 1, 2018, and 961 shares on April 1, 2018.
- F6Fully exercisable pursuant to achievement of performance goals.
- F7On August 12, 2014, the reporting person was granted an option to purchase 80,460 shares of common stock (previously reported). The option would vest in full or in part on August 12, 2017 if certain performance goals were achieved during each of the 2015, 2016 and 2017 fiscal years. The performance criteria was determined, resulting in the option vesting as to 66,849 shares.
- F819,879 shares vest on each of August 7, 2016, August 7, 2017 and August 7, 2018 and 19,880 shares vest on August 7, 2019.
- F9Vests in full or in part on 8/7/18 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).