SEC Form 4 · accession 0000899243-18-008779

SNYDER'S-LANCE, INC. · LNCE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Andrea L. Frohning

Officer — Chief Human Resources Officer

Period of report

Mar 26, 2018

Accepted (ET)

Mar 28, 2018 · 9:15 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 Stock^F1	Mar 26, 2018	D	10,396	$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	$30.60	Mar 26, 2018	D	10,470	D	—	Mar 1, 2026	Common Stock	10,470	0	D
Option (right to buy)^F3,F4	$39.56	Mar 26, 2018	D	12,060	D	—	Feb 27, 2027	Common Stock	12,060	0	D
Performance Option (right to buy)^F5	$35.52	Mar 26, 2018	J	30,276	A	—	—	Common Stock	30,276	30,276	D
Performance Option (right to buy)^F5	$0.00	Mar 26, 2018	D	30,276	D	—	—	Common Stock	30,276	0	D
Performance Restricted Stock Unit^F6	$0.00	Mar 26, 2018	J	1,254	A	—	—	Common Stock	1,254	1,254	D
Performance Restricted Stock Unit^F6	$0.00	Mar 26, 2018	D	1,254	D	—	—	Common Stock	1,254	0	D
Performance Restricted Stock Unit^F7	$0.00	Mar 26, 2018	J	584	A	—	—	Common Stock	584	584	D
Performance Restricted Stock Unit^F7	$0.00	Mar 26, 2018	D	584	D	—	—	Common Stock	584	0	D
Performance Restricted Stock^F8	$0.00	Mar 26, 2018	J	4,645	A	—	—	Common Stock	4,645	4,645	D
Performance Restricted Stock^F8	$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 would have become exercisable in three (3) equal annual installments beginning 3/1/2017; however, vesting was accelerated in connection with the Merger.
F3These options were cancelled in 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.
F4These options would have become exercisable in three (3) equal annual installments beginning 2/27/2018; however, vesting was accelerated in connection with the Merger.
F5These Performance Options were granted August 31, 2017, subject to performance vesting conditions. Of the Performance Options granted, 30,276 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.
F6These Performance Restricted Stock Units were granted March 1, 2016, subject to performance vesting conditions. Of the Performance Restricted Stock Units granted, 1253.688 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.
F7These Performance Restricted Stock Units were granted February 27, 2017, subject to performance vesting conditions. Of the Performance Restricted Stock Units granted, 583.647 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.
F8These 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.