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Filing Details

Accession Number:: 0001104659-22-004450
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-01-14 16:46:35
Reporting Period:: 2022-01-12

Accepted Time:: 2022-01-14 16:46:35
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1005286	Landec Corp	LNDC	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
899083	Wynnefield Partners Small Cap Value Lp	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1017043	Nelson Obus	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1030806	Ltd Fund Offshore Value Cap Small Wynnefield	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1056835	Wynnefield Capital Management Llc	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1251565	Wynnefield Partners Small Cap Value Lp I	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1251567	Wynnefield Capital Inc	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1251568	Joshua Landes	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1289453	Wynnefield Capital, Inc. Profit Sharing Plan	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.001 Par Value Per Share	Acquisiton	2022-01-12	90,128	$10.41	1,490,473	No	4	P	Direct
Common Stock, $0.001 Par Value Per Share	Acquisiton	2022-01-12	209,872	$10.41	1,955,414	No	4	P	Indirect	See Footnotes
Common Stock, $0.001 Par Value Per Share	Acquisiton	2022-01-13	19,520	$10.41	1,509,993	No	4	P	Direct
Common Stock, $0.001 Par Value Per Share	Acquisiton	2022-01-13	30,480	$10.41	1,985,894	No	4	P	Indirect	See Footnotes
Common Stock, $0.001 Par Value Per Share	Acquisiton	2022-01-13	14,600	$10.43	1,524,593	No	4	P	Direct
Common Stock, $0.001 Par Value Per Share	Acquisiton	2022-01-13	22,800	$10.43	2,008,694	No	4	P	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Indirect	See Footnotes
No	4	P	Direct
No	4	P	Indirect	See Footnotes
No	4	P	Direct
No	4	P	Indirect	See Footnotes

Footnotes

The Reporting Person directly beneficially owns 1,524,593 shares of common stock, $0.001 par value per share ("Common Stock") of Landec Corporation. Wynnefield Capital Management, LLC, as the sole general partner of the Reporting Person, has an indirect beneficial ownership interest in the shares of Common Stock that the Reporting Person directly beneficially owns. Nelson Obus and Joshua Landes, as co-managing members of Wynnefield Capital Management, LLC, have an indirect beneficial ownership interest in the shares of Common Stock that the Reporting Person directly beneficially owns.
The Reporting Person has an indirect beneficial ownership interest in 981,541 shares of Common Stock, which are directly beneficially owned by Wynnefield Partners Small Cap Value, L.P., as members of a group under Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Wynnefield Partners Small Cap Value, L.P., which maintains offices at the same address as the Reporting Person, is filing this statement jointly with the Reporting Person. Wynnefield Capital Management, LLC, as the sole general partner of Wynnefield Partners Small Cap Value, L.P., has an indirect beneficial ownership interest in the shares of Common Stock that Wynnefield Partners Small Cap Value L.P. directly beneficially owns. Nelson Obus and Joshua Landes, as co-managing members of Wynnefield Capital Management, LLC, have an indirect beneficial ownership interest in the shares of Common Stock that Wynnefield Partners Small Cap Value, L.P. directly beneficially owns.
The Reporting Person has an indirect beneficial ownership interest in 709,803 shares of Common Stock, which are directly beneficially owned by Wynnefield Small Cap Value Offshore Fund, Ltd., as members of a group under Section 13(d) of the Exchange Act. Wynnefield Small Cap Value Offshore Fund, Ltd., which maintains offices at the same address as the Reporting Person, is filing this statement jointly with the Reporting Person. Wynnefield Capital, Inc. as the sole investment manager of Wynnefield Small Cap Value Offshore Fund, Ltd., has an indirect beneficial ownership interest in the shares of Common Stock that Wynnefield Small Cap Value Offshore Fund, Ltd. directly beneficially owns. Nelson Obus and Joshua Landes, as principal executive officers of Wynnefield Capital, Inc., have an indirect beneficial ownership interest in the shares of Common Stock that Wynnefield Small Cap Value Offshore Fund, Ltd. directly beneficially owns.
The Reporting Person has an indirect beneficial ownership interest in 317,350 shares of Common Stock, which are directly beneficially owned by Wynnefield Capital, Inc. Profit Sharing Plan, as members of a group under Section 13(d) of the Exchange Act. Wynnefield Capital, Inc. Profit Sharing Plan, which maintains offices at the same address as the Reporting Person, is filing this Form jointly with the Reporting Person. Mr. Obus and Mr. Landes, as co-trustees, has the power to vote and dispose of Wynnefield Capital, Inc. Profit Sharing Plan's investments in securities and has an indirect beneficial ownership interest in the shares of Common Stock that Wynnefield Capital, Inc. Profit Sharing Plan directly beneficially owns.