TAFT DAVID D 4
4 · LANDEC CORP \CA\ · Filed May 27, 2010
Insider Transaction Report
Form 4
LANDEC CORP \CA\LNDC
TAFT DAVID D
Chief Operating Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit (RSU)
2010-05-26+20,000→ 20,000 totalExp: 2013-05-26→ Common Stock (20,000 underlying) - Exercise/Conversion
Incentive Stock Option (Right to Buy)
2010-05-27$5.63/sh+60,000$337,800→ 60,000 totalExercise: $5.63From: 2010-06-26Exp: 2017-05-26→ Common Stock (60,000 underlying)
Footnotes (2)
- [F1]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.
- [F2]The restricted stock units convert into common stock of Landec Corporation on a 1 for 1 basis.