SEC Form 4/A · accession 0001437749-17-009584
SNYDER'S-LANCE, INC. · LNCE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Brian J Driscoll
Officer — Interim President & CEO · Director
Period of report
May 11, 2017
Accepted (ET)
May 18, 2017 · 4:44 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 StockF2 | May 15, 2017 | A | 8,303 | $0.00 | A | 129,377 | 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 | May 11, 2017 | A | 50,676 | A | Oct 11, 2017 | Apr 11, 2027 | Common Stock | 50,676 | 50,676 | D |
Explanation of responses
- F1Restricted shares awarded pursuant to the Snyder's-Lance, Inc. 2016 Key Employee Incentive Plan. All of the restricted shares vest on October 11, 2017, the six month anniversary of the effective date of the reporting person's commencement as Interim President and Chief Executive Officer.
- F2The Form 4 filed on May 15, 2017 provided that the option granted to the reporting person vests on November 11, 2017 (the six month anniversary of the grant date) and the option expires on May 11, 2027 (the tenth anniversary of the grant date); however, the option vests on the six month anniversary of the effective date of the reporting person's commencement as Interim President and Chief Executive Officer, which is October 11, 2017, and the option expires on the tenth anniversary of such commencement date, which is April 11, 2027. Additionally, the Form 4 filed on May 15, 2017 provided that the reporting person received 8,303 restricted stock units when the reporting person received 8,303 restricted shares.