MARZETTI CO — Director's Dealing 2011

Feb 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANCASTER COLONY CORP (LANC)
CIK: 0000057515
Period of Report: 2011-02-23

Reporting Person: BOYLAN JOHN L (Director, Vice President & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-22	Common Stock	A	500	—	Acquired	5966	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-27	Stock Appreciation Right	$38.31	A	12000	Acquired	2013-02-27	Common Stock (12000)	Direct
2009-02-25	Stock Appreciation Right	$39.86	A	12000	Acquired	2014-02-25	Common Stock (12000)	Direct
2010-02-24	Stock Appreciation Right	$58.79	A	14000	Acquired	2015-02-24	Common Stock (14000)	Direct
2011-02-22	Stock Appreciation Right	$57.78	A	15000	Acquired	2017-02-22	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	706.0361	Indirect
Common Stock	6214.1025	Indirect

Footnotes

F1: Shares contributed by Lancaster Colony Corporation as a matching contribution under Lancaster Colony Corporation's 401(k) Plan as of 6/30/10.

F2: Reflects ESOP allocations that had occurred as of 6/30/10.

F3: Stock appreciation rights awarded to Mr. Boylan pursuant to the 2005 Stock Plan. The rights vest ratably over a three-year period beginning on the first anniversary of the grant date and can be exercised up to five years from the grant date.

F4: Restricted stock awarded to Mr. Boylan pursuant to the 2005 Stock Plan. The restricted stock will vest on February 22, 2014. Vesting would accelerate on a change in control, death or disability and may accelerate at retirement under certain conditions.