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

Mar 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDEC CORP \CA\ (LNDC)
CIK: 0001005286
Period of Report: 2012-03-26

Reporting Person: Midyett Ronald Lane (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-26	Common Stock	M	150000	$6.13	Acquired	159665	Direct
2012-03-26	Common Stock	M	138350	$7	Disposed	21315	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-26	NonQualified Stock Option	$6.13	X	150000	Acquired	2012-05-19	Common Stock (150000)	Direct

Footnotes

F1: Mr Midyett surrendered to the Issuer the right to receive an aggregate of 138,350 shares of Common Stock. Mr Midyett did not sell any shares of Common Stock in connection with the foregoing exercise.