BIO-TECHNE Corp — Director's Dealing 2014

May 8, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TECHNE CORP /MN/ (TECH)
CIK: 0000842023
Period of Report: 2014-05-05

Reporting Person: OCONNELL HOWARD V (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-06	Common Stock	M	934	$54.68	Acquired	70934	Indirect
2014-05-06	Common Stock	S	934	$91	Disposed	70000	Indirect
2014-05-07	Common Stock	M	4066	$54.68	Acquired	74066	Indirect
2014-05-07	Common Stock	S	4066	$91	Disposed	70000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-06	Stock Options	$54.68	M	934	Disposed	2015-10-26	Common Stock (5000)	Indirect
2014-05-07	Stock Options	$54.68	M	4066	Disposed	2015-10-26	Common Stock (4066)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$56.17	2016-10-25	Common Stock (5000)	5000	Indirect
Stock Option	$66.59	2017-10-24	Common Stock (5000)	5000	Indirect
Stock Option	$65.47	2018-10-22	Common Stock (5000)	5000	Indirect
Stock Option	$63.03	2019-10-28	Common Stock (5000)	5000	Indirect
Stock Option	$61.46	2020-10-27	Common Stock (5000)	5000	Indirect
Stock Option	$70.35	2021-10-26	common Stock (5000)	5000	Indirect
Stock Option	$66.9	2022-10-24	Common Stock (5000)	5000	Indirect
Stock Option	$87.39	2023-10-30	Common Stock (4000)	4000	Indirect