LIFECORE BIOMEDICAL, INC. \DE\ — Director's Dealing 2012

May 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDEC CORP \CA\ (LNDC)
CIK: 0001005286
Period of Report: 2012-02-15

Reporting Person: STEELE GARY T (Director, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-15	Common Stock	M	100000	$6.13	Acquired	180800	Indirect
2012-05-15	Common Stock	M	95048	$6.65	Disposed	85752	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-15	NonQualified Stock Option	$6.13	M	100000	Disposed	2012-05-19	Common Stock (100000)	Direct

Footnotes

F1: Mr Steele surrendered to the Issuer the right to receive an aggregate of 95,048 shares of Common Stock. Mr Steele did not sell any Common Stock in connection with the foregoing exercise.