SEC Form 4 · accession 0000899243-18-008785
SNYDER'S-LANCE, INC. · LNCE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian J Driscoll
Officer — President & CEO · Director
Period of report
Mar 26, 2018
Accepted (ET)
Mar 28, 2018 · 9:21 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 | 125,426 | $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)F2 | $36.13 | Mar 26, 2018 | D | 50,676 | D | Oct 11, 2017 | Apr 11, 2027 | Common Stock | 50,676 | 0 | D |
| Option (right to buy)F2 | $11.75 | Mar 26, 2018 | D | 250,585 | D | Mar 8, 2016 | Nov 19, 2022 | Common Stock | 250,585 | 0 | D |
| Option (right to buy)F2 | $12.92 | Mar 26, 2018 | D | 119,914 | D | Mar 8, 2016 | Dec 19, 2022 | Common Stock | 119,914 | 0 | D |
| Option (right to buy)F2 | $18.40 | Mar 26, 2018 | D | 88,039 | D | Mar 8, 2016 | Oct 2, 2023 | Common Stock | 88,039 | 0 | D |
| Restricted Stock UnitF3,F4 | $0.00 | Mar 26, 2018 | D | 4,139 | D | — | — | Common Stock | 4,139 | 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").
- F2These 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.
- F3Includes 138.523 Restricted Stock Units attributable to acquisitions under the Dividend Reinvestment Plan.
- F4These Restricted Stock Units, which were deferred until the Reporting Person is no longer serving on the Snyder's-Lance, Inc. Board of Directors, were cancelled in the Merger in exchange for a right to receive $50 per Restricted Stock Unit.