Form 4 SNYDER'S-LANCE, INC. (LNCE)

Statement of changes in beneficial ownership of securities

What is Form 4?
  • Accession No.: 0001437749-16-027961 Act: 34 File No.: 000-00398 Film No.: 161512848
  • CIK: 0000057528
  • Submitted: 2016-03-17
  • Period of Report: 2016-02-29

FORM 4 XML

rdgdoc.xml

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
DRISCOLL BRIAN J

(Last) (First) (Middle)
13515 BALLANTYNE CORPORATE PLACE

(Street)
CHARLOTTE NC 28277

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SNYDER'S-LANCE, INC. [ LNCE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/29/2016
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
$.83-1/3 par value Common Stock 02/29/2016 F(1) 13,913 D $32.34 93,279 D
$.83-1/3 par value Common Stock 03/08/2016 M 38,914 A $0 132,193 D
$.83-1/3 par value Common Stock 03/08/2016 F(2) 1,537 D $34.85 130,656 D
$.83-1/3 par value Common Stock 03/08/2016 F(2) 18,621 D $31.67 112,035 D
$.83-1/3 par value Common Stock 03/08/2016 J(3) 78,110 A $0 112,035(4) D
$.83-1/3 par value Common Stock 03/08/2016 F(5) 40,760 D $31.67 71,275 D
$.83-1/3 par value Common Stock 03/08/2016 M 47,248 A $0 118,523 D
$.83-1/3 par value Common Stock 03/08/2016 F(2) 24,655 D $31.67 93,868 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Restricted Stock Units (6) 03/08/2016 M 38,914 (7) (7) Common Stock 38,914 $0 0 D
Restricted Stock Units (8) 03/08/2016 M 47,248 (9) (9) Common Stock 47,248 $0 0 D
Explanation of Responses:
1. 29,082 Performance Restricted Stock Units of Snyder's-Lance, Inc. (LNCE) stock vested on 2/29/16. Shares were withheld from the reporting person, in an exempt transaction under Rule 16b-3, solely to satisfy tax obligations arising from the vesting of the Performance Restricted Stock Units, Restricted Shares and Restricted Stock Units described in this Form 4.
2. Shares were withheld from the reporting person, in an exempt transaction under Rule 16b-3, solely to satisfy tax obligations arising from the vesting of the Performance Restricted Stock Units, Restricted Shares and Restricted Stock Units described in this Form 4.
3. Shares acquired upon vesting of Restricted Shares received by the reporting person on February 29, 2016 and reported on a Form 3 filed on March 9, 2016.
4. The reporting person reported all Restricted Shares received by the reporting person on February 29, 2016 in Table I of the Form 3 filed on March 9, 2016. As such, no adjustments to the reporting person's beneficial ownership needs to be made to reflect this vesting event.
5. 78,110 Restricted Shares of Snyder's-Lance, Inc. (LNCE) stock vested on 3/8/16. Shares were withheld from the reporting person, in an exempt transaction under Rule 16b-3, solely to satisfy tax obligations arising from the vesting of the Performance Restricted Stock Units, Restricted Shares and Restricted Stock Units described in this Form 4.
6. Performance Restricted Stock Units convert into common stock on a one-for-one basis.
7. Received in exchange for Performance Restricted Stock Units of Diamond Foods, Inc. (DMND) pursuant to the Agreement and Plan of Merger and Reorganization, dated October 27, 2015, (the "Merger Agreement"), by and among Diamond Foods, Inc., Snyder's-Lance, Inc., Shark Acquisition Sub I, Inc., a wholly-owned subsidiary of Snyder's-Lance, Inc. and Shark Acquisition Sub II, LLC, a wholly-owned subsidiary of Snyder's-Lance, Inc. The Performance Restricted Stock Units fully vest on 3/8/2016.
8. Restricted Stock Units convert into common stock on a one-for-one basis.
9. Received in exchange for Restricted Stock Units of Diamond Foods, Inc. (DMND) pursuant to the Merger Agreement. The Restricted Stock Units fully vest on 3/8/16.
/s/ Brian J. Driscoll by Gail Sharps Myers, Attorney-In-Fact 03/17/2016
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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