Sec Form 4 Filing - LEE CARL E JR @ SNYDER'S-LANCE, INC. - 2012-12-10

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
LEE CARL E JR
2. Issuer Name and Ticker or Trading Symbol
SNYDER'S-LANCE, INC. [ LNCE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President and COO
(Last) (First) (Middle)
13024 BALLANTYNE CORPORATE PLACE, SUITE 900
3. Date of Earliest Transaction (MM/DD/YY)
12/10/2012
(Street)
CHARLOTTE, NC28277
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
$.83-1/3 par value Common Stock 12/10/2012 S 10,000 D $ 24.3 252,727 D
$.83-1/3 par value Common Stock 12/10/2012 M 50,000 A $ 3.929 302,727 D
$.83-1/3 par value Common Stock 12/10/2012 S 50,000 D $ 24.58 ( 1 ) 252,727 D
$.83-1/3 par value Common Stock 7,698 ( 2 ) D
$.83-1/3 par value Common Stock 8,925 ( 3 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option (right to buy) ( 4 ) $ 3.929 12/10/2012 M 50,000 12/06/2010( 6 ) 03/31/2020 Common Stock 50,000 $ 0 81,500 D
Option (right to buy) ( 4 ) $ 4.599 12/06/2010( 6 ) 03/31/2021 Common Stock 28,145 28,145 D
Option (right to buy) ( 4 ) $ 6.259 12/06/2010( 6 ) 03/31/2022 Common Stock 30,310 30,310 D
Option (right to buy) ( 4 ) $ 6.679 12/06/2010( 6 ) 03/31/2023 Common Stock 20,567.5 20,567.5 D
Option (right to buy) ( 4 ) $ 6.474 12/06/2010( 6 ) 03/31/2024 Common Stock 12,990 12,990 D
Option (right to buy) ( 4 ) $ 8.961 12/06/2010( 6 ) 04/01/2025 Common Stock 34,856.5 34,856.5 D
Option (right to buy) ( 5 ) $ 17.32 02/23/2012( 7 ) 02/23/2021 Common Stock 43,479 43,479 D
Option (right to buy) ( 5 ) $ 17.32 02/23/2016( 8 ) 02/23/2021 Common Stock 434,784 434,784 D
Option (right to buy) ( 5 ) $ 22.41 02/23/2013( 9 ) 02/23/2022 Common Stock 41,754 41,754 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LEE CARL E JR
13024 BALLANTYNE CORPORATE PLACE
SUITE 900
CHARLOTTE, NC28277
X President and COO
Signatures
Carl E. Lee, Jr. /s/ by A. Zachary Smith III, his Attorney-In-Fact 12/12/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Price shown is the weighted average. Shares sold in multiple transactions ranging from $24.25-$24.40. Detailed information regarding the number of shares sold at each separate price is available to the Commission upon request.
( 2 )Restricted shares awarded pursuant to the 2007 Key Employee Incentive Plan, a Rule 16b-3 Plan. Shares vest in three (3) equal annual installments beginning 2/23/2012.
( 3 )Restricted shares awarded pursuant to the 2007 Key Employee Incentive Plan, a Rule 16b-3 Plan. Shares vest in three (3) equal annual installments beginning 2/23/2013.
( 4 )Received in exchange for outstanding options of Snyder's of Hanover, Inc. pursuant to the Agreement and Plan of Merger among Snyder's of Hanover, Inc., Lance, Inc. and Lima Merger Corp.
( 5 )Options granted pursuant to the 2007 Key Employee Incentive Plan, a Rule 16b-3 Plan.
( 6 )Options are fully exercisable.
( 7 )Options become exercisable in three (3) equal annual installments beginning 2/23/2012.
( 8 )Options become fully exercisable five (5) years from award date of 2/23/2011.
( 9 )Options become exercisable in three (3) equal annual installments beginning 2/23/2013.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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