SEC Form 4 · accession 0000899243-18-008776
SNYDER'S-LANCE, INC. · LNCE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gail Sharps Myers
Officer — SVP, General Counsel & Sec
Period of report
Mar 26, 2018
Accepted (ET)
Mar 28, 2018 · 9:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000057528
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| $.83-1/3 par value Common StockF1 | Mar 26, 2018 | D | 7,003 | $50.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F3,F2 | $31.02 | Mar 26, 2018 | D | 1,925 | D | — | Mar 2, 2025 | Common Stock | 1,925 | 0 | D |
| Option (right to buy)F3,F4 | $30.60 | Mar 26, 2018 | D | 9 | D | — | Mar 1, 2026 | Common Stock | 9 | 0 | D |
| Option (right to buy)F3,F5 | $39.56 | Mar 26, 2018 | D | 12,060 | D | — | Feb 27, 2027 | Common Stock | 12,060 | 0 | D |
| Performance Option (right to buy)F6 | $35.52 | Mar 26, 2018 | J | 30,276 | A | — | — | Common Stock | 30,276 | 30,276 | D |
| Performance Option (right to buy)F6 | $35.52 | Mar 26, 2018 | D | 30,276 | D | — | — | Common Stock | 30,276 | 0 | D |
| Performance Restricted Stock UnitF7 | $0.00 | Mar 26, 2018 | J | 1,099 | A | — | — | Common Stock | 1,099 | 1,099 | D |
| Performance Restricted Stock UnitF7 | $0.00 | Mar 26, 2018 | D | 1,099 | D | — | — | Common Stock | 1,099 | 0 | D |
| Performance Restricted Stock UnitF8 | $0.00 | Mar 26, 2018 | J | 581 | A | — | — | Common Stock | 581 | 581 | D |
| Performance Restricted Stock UnitF8 | $0.00 | Mar 26, 2018 | D | 581 | D | — | — | Common Stock | 581 | 0 | D |
| Performance Restricted StockF9 | $0.00 | Mar 26, 2018 | J | 4,645 | A | — | — | Common Stock | 4,645 | 4,645 | D |
| Performance Restricted StockF9 | $0.00 | Mar 26, 2018 | D | 4,645 | D | — | — | Common Stock | 4,645 | 0 | D |
Explanation of responses
- F1These shares were disposed of in the merger described in the merger agreement, dated December 18, 2017, between Snyder's-Lance, Inc., Campbell Soup Company and Twist Merger Sub Inc. (the "Merger"), including certain restricted shares the vesting of which was accelerated in connection with the Merger).
- F2These options become exercisable 3/2/2018.
- F3These options were cancelled in the Merger in exchange for the excess of $50 over the applicable per share exercise price of such option, per option.
- F4These options would have become exercisable in three (3) equal annual installments beginning 3/1/2017; however, vesting was accelerated in connection with the Merger.
- F5These options would have become exercisable in three (3) equal annual installments beginning 2/27/2018; however, vesting was accelerated in connection with the Merger.
- F6These Performance Options were granted August 31, 2017, subject to performance vesting conditions. Of the Performance Options granted, 30276 vested in connection with the Merger and were cancelled in connection with the Merger in exchange for the right to receive the excess of $50 over the applicable per share exercise price of such option, per option.
- F7These Performance Restricted Stock Units were granted March 1, 2016, subject to performance vesting conditions. Of the Performance Restricted Stock Units granted, 1099.31 vested in connection with the Merger and were disposed of in connection with the Merger in exchange for a right to receive $50 per share.
- F8These Performance Restricted Stock Units were granted February 27, 2017, subject to performance vesting conditions. Of the Performance Restricted Stock Units granted, 581.052 vested in connection with the Merger and were disposed of in connection with the Merger in exchange for a right to receive $50 per share. These Performance Restricted Stock Units were inadvertently reported as Restricted Stock Units subject to time vesting on Form 4 filed March 6, 2017.
- F9These shares of Performance Restricted Stock were granted August 31, 2017, subject to performance vesting conditions. Of the shares of Performance Restricted Stock granted, 4,645.20 vested in connection with the Merger and were disposed of in connection with the Merger in exchange for a right to receive $50 per share.
Remarks
Exhibit List - Exhibit 24, Power of Attorney