James Hall - Aug 11, 2022 Form 4 Insider Report for LANDEC CORP \CA\ (LFCR)

Role
Chief Executive Officer
Signature
/s/Aaron Perlitsh
Stock symbol
LFCR
Transactions as of
Aug 11, 2022
Transactions value $
$2,205,450
Form type
4
Date filed
8/15/2022, 06:47 PM
Previous filing
Aug 8, 2022
Next filing
Jun 5, 2023

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 Non-Qualified Stock Option (Right to Buy) Award $1.7M +150K $11.31 150K Aug 11, 2022 Common Stock 150K $11.31 Direct
transaction LFCR Right to Buy Restricted Stock Unit (RSU) Award $509K +45K $11.31 45K Aug 11, 2022 Common Stock 45K Direct F1, F2
* 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 Restricted Stock Units will vest on the 3rd anniversary of the grant date and will be automatically settled in shares of common stock subject to vesting at a rate of 1 share per unit.