SEC Form 4 · accession 0001437749-16-027961
SNYDER'S-LANCE, INC. · LNCE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian J Driscoll
Director
Period of report
Feb 29, 2016
Accepted (ET)
Mar 17, 2016 · 4:29 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 | Feb 29, 2016 | F | 13,913 | $32.34 | D | 93,279 | D | |
| $.83-1/3 par value Common Stock | Mar 8, 2016 | M | 38,914 | $0.00 | A | 132,193 | D | |
| $.83-1/3 par value Common Stock | Mar 8, 2016 | F | 1,537 | $34.85 | D | 130,656 | D | |
| $.83-1/3 par value Common Stock | Mar 8, 2016 | F | 18,621 | $31.67 | D | 112,035 | D | |
| $.83-1/3 par value Common StockF4 | Mar 8, 2016 | J | 78,110 | $0.00 | A | 112,035 | D | |
| $.83-1/3 par value Common Stock | Mar 8, 2016 | F | 40,760 | $31.67 | D | 71,275 | D | |
| $.83-1/3 par value Common Stock | Mar 8, 2016 | M | 47,248 | $0.00 | A | 118,523 | D | |
| $.83-1/3 par value Common Stock | Mar 8, 2016 | F | 24,655 | $31.67 | D | 93,868 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitsF6,F7 | — | Mar 8, 2016 | M | 38,914 | D | — | — | Common Stock | 38,914 | 0 | D |
| Restricted Stock UnitsF8,F9 | — | Mar 8, 2016 | M | 47,248 | D | — | — | Common Stock | 47,248 | 0 | D |
Explanation of responses
- F129,082 Performance Restricted Stock Units of Snyder's-Lance, Inc. (LNCE) stock vested on 2/29/16. Shares were withheld from the reporting person, in an exempt transaction under Rule 16b-3, solely to satisfy tax obligations arising from the vesting of the Performance Restricted Stock Units, Restricted Shares and Restricted Stock Units described in this Form 4.
- F2Shares were withheld from the reporting person, in an exempt transaction under Rule 16b-3, solely to satisfy tax obligations arising from the vesting of the Performance Restricted Stock Units, Restricted Shares and Restricted Stock Units described in this Form 4.
- F3Shares acquired upon vesting of Restricted Shares received by the reporting person on February 29, 2016 and reported on a Form 3 filed on March 9, 2016.
- F4The reporting person reported all Restricted Shares received by the reporting person on February 29, 2016 in Table I of the Form 3 filed on March 9, 2016. As such, no adjustments to the reporting person's beneficial ownership needs to be made to reflect this vesting event.
- F578,110 Restricted Shares of Snyder's-Lance, Inc. (LNCE) stock vested on 3/8/16. Shares were withheld from the reporting person, in an exempt transaction under Rule 16b-3, solely to satisfy tax obligations arising from the vesting of the Performance Restricted Stock Units, Restricted Shares and Restricted Stock Units described in this Form 4.
- F6Performance Restricted Stock Units convert into common stock on a one-for-one basis.
- F7Received in exchange for Performance Restricted Stock Units of Diamond Foods, Inc. (DMND) pursuant to the Agreement and Plan of Merger and Reorganization, dated October 27, 2015, (the "Merger Agreement"), by and among Diamond Foods, Inc., Snyder's-Lance, Inc., Shark Acquisition Sub I, Inc., a wholly-owned subsidiary of Snyder's-Lance, Inc. and Shark Acquisition Sub II, LLC, a wholly-owned subsidiary of Snyder's-Lance, Inc. The Performance Restricted Stock Units fully vest on 3/8/2016.
- F8Restricted Stock Units convert into common stock on a one-for-one basis.
- F9Received in exchange for Restricted Stock Units of Diamond Foods, Inc. (DMND) pursuant to the Merger Agreement. The Restricted Stock Units fully vest on 3/8/16.