FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Gavin Robert M.
  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)
Senior V.P. Protein Platforms
(Last)
(First)
(Middle)
614 MCKINLEY PLACE NE
3. Date of Earliest Transaction (Month/Day/Year)
02/01/2017
(Street)

MINNEAPOLIS, MN 55413
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 02/01/2017   M   1,667 A $ 0 1,667 D  

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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 Underlying Securities
(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 of Derivative Security: 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
Stock Option (Right to Buy) $ 93.32               (1) 07/31/2021 Common Stock 10,000   10,000 D  
Stock Option (Right to Buy) $ 93.32 02/01/2017   D     33,333   (2) 07/31/2021 Common Stock 33,333 $ 0 16,667 D  
Stock Option (Right to Buy) $ 90.25               (3) 11/30/2021 Common Stock 5,000   5,000 D  
Restricted Stock Units (6) 02/01/2017   M     1,667   (4)   (4) Common Stock 1,667 $ 0 0 D  
Stock Option (Right to Buy) $ 108.49               (5) 08/07/2022 Common Stock 12,500   12,500 D  
Stock Option (Right to Buy) $ 108.49               (7) 08/07/2022 Common Stock 9,375   9,375 D  
Restricted Stock Units (6)               (7)   (7) Common Stock 1,500   1,500 D  
Stock Option (Right to Buy) $ 106.59 08/18/2016   A   17,371     (8) 08/18/2023 Common Stock 17,371 $ 0 17,371 D  
Stock Option (Right to Buy) $ 106.59 08/18/2016   A   13,028     (9) 08/18/2023 Common Stock 13,028 $ 0 13,028 D  
Restricted Stock Units (6) 08/18/2016   A   2,111     (9)   (9) Common Stock 2,111 $ 0 2,111 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Gavin Robert M.
614 MCKINLEY PLACE NE
MINNEAPOLIS, MN 55413
      Senior V.P. Protein Platforms  

Signatures

 /s/ Elizabeth M. Dunshee as Attorney-in-Fact for Robert M. Gavin pursuant to Power of Attorney previously filed.   02/03/2017
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) 2,500 shares vest on each of 7/31/15, 7/31/16, 7/31/17 and 7/31/18.
(2) On 2/1/17, the Board of Directors authorized discretionary vesting for 16,667 performance options. The remainder of the performance options were forfeited.
(3) 1,500 shares vest on each of 12/1/15, 12/1/16, 12/1/17 and 12/1/18.
(4) On 2/1/17, the Board of Directors authorized discretionary vesting for 1,667 performance RSUs. The remainder of the performance RSUs were foreited.
(5) 3,125 shares vest on each of 8/7/16, 8/7/17, 8/7/18 and 8/7/19.
(6) Each restricted stock unit represents a contingent right to receive one shares of Bio-Techne common stock.
(7) Vests 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).
(8) Vests 4,343 shares on each of 8/18/17, 8/18/18 and 8/18/19, and 4,342 shares on 8/18/20.
(9) Vests 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).

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