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LIFECORE BIOMEDICAL, INC. \DE\ Director's Dealing 2011

May 27, 2011

33431_dirs_2011-05-27_7e06b87f-82c7-4cca-8df3-8877ba115836.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDEC CORP \CA\ (LNDC)
CIK: 0001005286
Period of Report: 2011-05-26

Reporting Person: FRANK FRED (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-05-26 Common Stock M 1667 Acquired 272224 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-05-26 Restricted Stock Units $ M 1667 Disposed 2011-05-26 Common Stock (1667) Direct

Footnotes

F1: The restricted stock units convert into common stock of Landec Corporation on a 1 for 1 basis.

F2: The restricted stock units were granted on May 26, 2010.

F3: The restricted stock units vested on May 26, 2011