Sec Form 4 Filing - VERONNEAU MARCEL @ TECHNE CORP /MN/ - 2012-08-14

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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person VERONNEAU MARCEL 2. Issuer Name and Ticker or Trading Symbol TECHNE CORP /MN/ [ TECH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) VP Hematology Operations (Last) (First) (Middle) 614 MCKINLEY PLACE N.E. 3. Date of Earliest Transaction (MM/DD/YY) 08/14/2012 (Street) MINNEAPOLIS, MN55413 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 08/14/2012 M 475 A $ 51.6 35,044 D Common Stock 08/14/2012 S 475 D $ 67.57 34,569 D Common Stock 6,827 I By Stock Bonus Plan

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 $ 51.6 08/14/2012 M 475 08/18/2005 08/17/2012 Common Stock 475 $ 0 0 D Stock Option $ 74.05 07/27/2012 07/26/2019 Common Stock 1,097 1,097 D Stock Option $ 76.15 08/28/2011 08/27/2018 Common Stock 1,129 1,129 D Stock Option $ 76.15 06/30/2012( 1 ) 07/27/2018 Common Stock 20,000 20,000 D Stock Option $ 58.4 07/30/2010 07/29/2017 Common Stock 1,281 1,281 D Stock Option $ 66.25 04/30/2012 04/29/2017 Common Stock 10,000 10,000 D Stock Option $ 62.46 07/24/2009 07/23/2016 Common Stock 494 494 D Stock Option $ 79.41 07/25/2008 07/24/2015 Common Stock 385 385 D Stock Option $ 56.83 07/27/2007 07/26/2014 Common Stock 510 510 D Stock Option $ 49.43 07/27/2006 07/26/2013 Common Stock 567 567 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other VERONNEAU MARCEL 614 MCKINLEY PLACE N.E. MINNEAPOLIS, MN55413 VP Hematology Operations Signatures Marcel Veronneau 08/16/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Vested 5,000 each 6/30/12, 6/30/13, 6/30/14, 6/30/15

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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