SEC Form 4 · accession 0000930413-17-000911
SNYDER'S-LANCE, INC. · LNCE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gail Sharps Myers
Officer — Sr. VP, Gen. Counsel and Sect.
Period of report
Feb 27, 2017
Accepted (ET)
Mar 6, 2017 · 8:19 pm EST
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 | Feb 27, 2017 | A | 1,737 | $0.00 | A | 1,737 | D | |
| $.83-1/3 par value Common StockF2 | Mar 1, 2017 | F | 197 | $39.90 | D | 1,226 | D | |
| $.83-1/3 par value Common StockF3 | Mar 1, 2017 | M | 1,925 | $31.02 | A | 2,371 | D | |
| $.83-1/3 par value Common StockF3 | Mar 1, 2017 | M | 4,711 | $30.60 | A | 7,082 | D | |
| $.83-1/3 par value Common StockF4,F3 | Mar 1, 2017 | S | 6,636 | $39.93 | D | 446 | D | |
| $.83-1/3 par value Common StockF5 | Mar 2, 2017 | F | 121 | $39.84 | D | 375 | D | |
| $.83-1/3 par value Common StockF6 | Mar 2, 2017 | S | 408 | $39.83 | D | 292 | 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)F7 | $39.56 | Feb 27, 2017 | A | 12,060 | A | — | Feb 27, 2027 | Common Stock | 12,060 | 12,060 | D |
| Restricted Stock UnitsF8 | $0.00 | Feb 27, 2017 | A | 1,390 | A | — | — | Common Stock | 1,390 | 1,390 | D |
| Option (right to buy)F9 | $31.02 | Mar 1, 2017 | M | 1,925 | D | — | Mar 2, 2025 | Common Stock | 1,925 | 3,850 | D |
| Option (right to buy)F10 | $31.60 | Mar 1, 2017 | M | 4,711 | D | — | Mar 1, 2026 | Common Stock | 4,711 | 9,422 | D |
Explanation of responses
- F1Restricted shares awarded pursuant to the 2016 Key Employee Incentive Plan, a Rule 16b-3 Plan. Shares vest in three (3) equal annual installments beginning 2/27/2018.
- F10Options become exercisable in three (3) equal annual installments beginning 3/1/2017.
- F2Restricted shares awarded pursuant to the 2012 Key Employee Incentive Plan, a Rule 16b-3 Plan. Shares vest in three (3) equal annual installments beginning 3/1/2017.
- F3Includes 416 shares that vested on 3/1/2017.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $39.91 to $39.935, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (4) to this Form.
- F5Restricted shares awarded pursuant to the 2012 Key Employee Incentive Plan, a Rule 16b-3 Plan. Shares vest in three (3) equal annual installments beginning 3/2/2016.
- F6Includes 254 shares that vested on 3/2/2017.
- F7The Options become exercisable in three (3) equal annual installments beginning 2/27/2018.
- F8The Restricted Stock Units vest in three (3) equal annual installments beginning on 2/27/2018.
- F9Options become exercisable in three (3) equal annual installments beginning 3/2/2016.