LANCE INC 4

Accession 0000057528-07-000034

CIK 0000057528operating

Filed

Aug 12, 8:00 PM ET

Accepted

Aug 13, 9:43 AM ET

Size

34.1 KB

Accession

0000057528-07-000034

Form 4

Period: 2007-08-10

Vice President

Transactions

Disposition to Issuer
$.83-1/3 par value Common Stock
2007-08-10$26.00/sh−13,700$356,200→ 10,000 total
Disposition to Issuer
$.83-1/3 par value Common Stock
2007-08-10$26.03/sh−700$18,221→ 9,300 total
Disposition to Issuer
$.83-1/3 par value Common Stock
2007-08-10$26.29/sh−600$15,774→ 23,900 total
Exercise/Conversion
Option (right to buy)
2007-08-09$14.45/sh−4,700$67,915→ 0 total
Exercise: $14.45From: 2003-01-24Exp: 2012-01-24→ Common Stock (4,700 underlying)
Exercise/Conversion
Option (right to buy)
2007-08-10$7.65/sh−14,000$107,100→ 10,750 total
Exercise: $7.65From: 2004-04-24Exp: 2013-04-24→ Common Stock (14,000 underlying)
Disposition to Issuer
$.83-1/3 par value Common Stock
2007-08-10$26.04/sh−400$10,416→ 8,600 total
Award
$.83-1/3 par value Common Stock
2007-08-10$14.45/sh+4,700$67,915→ 11,800 total
Disposition to Issuer
$.83-1/3 par value Common Stock
2007-08-10$26.11/sh−300$7,833→ 9,000 total
Disposition to Issuer
$.83-1/3 par value Common Stock
2007-08-10$26.25/sh−500$13,125→ 25,300 total
Disposition to Issuer
$.83-1/3 par value Common Stock
2007-08-10$26.17/sh−100$2,617→ 23,800 total
Award
$.83-1/3 par value Common Stock
2007-08-10$7.65/sh+14,000$107,100→ 25,800 total
Disposition to Issuer
$.83-1/3 par value Common Stock
2007-08-10$26.21/sh−800$20,972→ 24,500 total

Holdings

$.83-1/3 par value Common Stock
3,650
Performance Equity Units
→ Common Stock (42,000 underlying)
42,000
Option (right to buy)
Exercise: $19.70From: 2008-03-08Exp: 2014-03-08→ Common Stock (11,763 underlying)
11,763
Option (right to buy)
Exercise: $19.77From: 2007-03-08Exp: 2012-03-08→ Common Stock (7,600 underlying)
7,600

Footnotes (9)

[F1]Includes Restricted shares awarded pursuant to the 1997 Incentive Equity Plan, a Rule 16b-3 Plan.
[F2]Restricted shares awarded pursuant to the 1997 Incentive Equity Plan, a Rule 16b-3 Plan. 50% of shares are fully vested upon award date. Remaining 50% of shares vest one (1) year after award date.
[F3]Options granted under the 1997 Incentive Equity Plan, a Rule 16b-3 Plan.
[F4]Options are fully exercisable.
[F5]Each performance equity unit represents a contingent right to receive one share of the Company's common stock.
[F6]The performance equity units will vest on December 31, 2010, based on the achievement of certain performance measures with respect to the market price of the Company's common stock pursuant to the terms of the Lance, Inc. 2006 Five-Year Performance Equity Plan for Officers and Senior Managers. Vested shares of common stock will be issued as soon as practicable after performance measures are calculated and approved, generally within 75 days after the end of the Company's 2010 fiscal year.
[F7]Options granted pursuant to the 2003 Key Employee Stock Plan, as amended, a Rule 16b-3 Plan.
[F8]Options are fully exercisable upon award date.
[F9]Options become exercisable in three (3) equal annual installments beginning 3/8/2008.

Documents

1 file

LANCE INC

CIK 0000057528

Entity typeoperating

IncorporatedNC