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

Mar 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDEC CORP \CA\ (LNDC)
CIK: 0001005286
Period of Report: 2012-03-02

Reporting Person: FRANK FRED (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-02	Common Stock	M	10000	$3.70	Acquired	282224	Indirect
2012-03-02	Common Stock	M	6065	$6.10	Disposed	276159	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-02	Non Qualified Stock Option	$3.70	X	10000	Disposed	2012-03-28	Common Stock (10000)	Direct

Footnotes

F1: Mr. Frank surrendered to the Issuer the right to receive an aggregate of 6,065 shares of Common Stock. Mr. Frank did not sell any shares of Common Stock in connection with the foregoing exercise.