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*
Eansor Norman David
(Last) (First) (Middle)
8100 SOUTHPARK WAY, A-8
(Street)
LITTLETON CO 80120
(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)
President-Protein Sciences
3. Date of Earliest Transaction (Month/Day/Year)
08/09/2020
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 08/09/2020 M 2,174 A $0 2,174 D
Common Stock 08/09/2020 F 856 D $265.76 1,318 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
Restricted Stock Units (1) 08/09/2020 M 2,174 (2) (2) Common Stock 2,174 $0 0 D
Stock Options (Right to Buy) $106.59 (3) 08/18/2023 Common Stock 14,114 14,114 D
Stock Options (Right to Buy) $106.59 (4) 08/18/2023 Common Stock 18,819 18,819 D
Stock Options (Right to Buy) $125.05 (3) 08/09/2024 Common Stock 11,982 11,982 D
Stock Options (Right to Buy) $125.05 (5) 08/09/2024 Common Stock 15,976 15,976 D
Restricted Stock Units (1) (6) (6) Common Stock 2,537 2,537 D
Stock Options (Right to Buy) $177.32 (6) 08/08/2025 Common Stock 13,550 13,550 D
Stock Options (Right to Buy) $177.32 (7) 08/08/2025 Common Stock 18,066 18,066 D
Restricted Stock Units (1) (8) (8) Common Stock 3,151 3,151 D
Stock Options (Right to Buy) $190.41 (8) 08/07/2026 Common Stock 15,948 15,948 D
Stock Options (Right to Buy) $190.41 (9) 08/07/2026 Common Stock 21,265 21,265 D
Restricted Stock Units (1) (10) (10) Common Stock 2,575 2,575 D
Stock Options (Right to Buy) $267.87 (10) 08/05/2027 Common Stock 11,488 11,488 D
Stock Options (Right to Buy) $267.87 (11) 08/05/2027 Common Stock 15,318 15,318 D
Stock Options (Right to Buy) $267.87 (12) 08/05/2027 Common Stock 24,975 24,975 D
Stock Options (Right to Buy) $267.87 (13) 08/05/2027 Common Stock 24,975 24,975 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Bio-Techne common stock.
2. On 8/9/2020, the Board of Directors certified vesting of 2,174 performance RSUs.
3. Fully exercisable.
4. Options to purchase 4,705 shares vest on each of 8/18/2017, 8/18/2018 and 8/18/2019 and options to purchase 4,704 shares vest on 8/18/2020.
5. Options to purchase 3,994 shares vest on each of 8/9/2018, 8/9/2019, 8/9/2020 and 8/9/2021.
6. Vests in full or in part on 8/8/2021 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
7. Options to purchase 4,517 shares vest on each of 8/8/2019 and 8/8/2020 and options to purchase 4,516 shares vest on each of 8/8/2021 and 8/8/2022.
8. Vests in full or in part on 8/7/2022 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
9. Options to purchase 5,317 shares vest on 8/7/2020 and options to purchase 5,316 shares vest on each of 8/7/2021, 8/7/2022 and 8/7/2023.
10. 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).
11. Options to purchase 3,830 shares vest on each of 8/5/2021 and 8/5/2022 and options to purchase 3,829 shares vest on each of 8/5/2023 and 8/5/2024.
12. 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
13. Options to purchase 8,325 shares vest on each of 8/5/2021, 8/5/2022 and 8/5/2023.
Remarks:
/s/ Brenda S. Furlow as Attorney-in-Fact for N. David Eansor pursuant to Power of Attorney previously filed. 08/11/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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