Albert D. Bolles - 23 May 2022 Form 4 Insider Report for LANDEC CORP \CA\ (LFCR)

Role: Chief Executive Officer
Signature: /s/Aaron Perlitsh
Issuer symbol: LFCR
Transactions as of: 23 May 2022
Net transactions value: -$257,692
Form type: 4
Filing time: 24 May 2022, 15:05:34 UTC
Previous filing: 26 Apr 2022
Next filing: 03 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LFCR	Common Stock	Options Exercise	$519,750	+55,000	+122%	$9.45	100,152	23 May 2022	Direct	F1
transaction	LFCR	Common Stock	Tax liability	$257,692	-27,269	-27%	$9.45	72,883	23 May 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LFCR	Common Stock	Options Exercise	$519,750	-55,000	-100%	$9.45	0	23 May 2022	Common Stock	55,000		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units convert into common stock of Landec Corporation on a 1 for 1 basis.
F2	The restricted stock units were granted on May 23, 2019.
F3	The restricted stock units vested on May 23, 2022.