SEC Form 4 · accession 0001562180-16-002064
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, 2016
Accepted (ET)
Apr 4, 2016 · 2:57 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 | Mar 31, 2016 | M | 1,666 | — | A | 6,100 | D | |
| Common Stock | Mar 31, 2016 | F | 556 | $94.52 | D | 5,544 | 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,F3 | — | Mar 31, 2016 | M | 1,666 | D | — | — | Common Stock | 1,666 | 1,667 | D |
| Restricted Stock UnitsF1,F4 | — | holding | — | — | — | — | — | Common Stock | 3,000 | 3,000 | D |
| Stock Options (Right to Buy)F4 | $108.49 | holding | — | — | — | — | Aug 7, 2022 | Common Stock | 12,500 | 12,500 | D |
| Stock Options (Right to buy)F5 | $108.49 | holding | — | — | — | — | Aug 7, 2022 | Common Stock | 25,000 | 25,000 | D |
| Stock Options (Right to Buy)F6 | $94.35 | holding | — | — | — | — | Aug 12, 2021 | Common Stock | 35,000 | 35,000 | D |
| Stock Options (Right to Buy)F7 | $86.25 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 10,000 | 10,000 | D |
| Stock Options (Right to buy)F8 | $86.25 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
- F2Includes 1,667 shares of restricted stock units that vest on 3/31/2017 (previously reported on Table II).
- F3On April 1, 2014, the reporting person was granted 5,000 restricted stock units, vesting in three equal annual installments beginning on March 31,2015.
- F4Vests in full or in part if certain performance goals are achieved during each of the 2016, 2017 and 2018 fiscal years.
- F56,250 shares vest on each of 8/7/2016, 8/7/2017, 8/7/2018 and 8/7/2019.
- F68,750 shares vest on each of 8/12/2015, 8/12/2016, 8/12/2017 and 8/12/2018.
- F7Vests in full or in part if certain performance goals are achieved.
- F86,250 shares vest on each of 4/1/2015, 4/1/2016, 4/1/2017 and 4/1/2018.