Sec Form 4 Filing - POLHILL LARRY R @ INVENTURE FOODS, INC. - 2013-05-28

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
POLHILL LARRY R
2. Issuer Name and Ticker or Trading Symbol
INVENTURE FOODS, INC. [ SNAK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
7000 WEST BUCKEYE ROAD
3. Date of Earliest Transaction (MM/DD/YY)
05/28/2013
(Street)
PHOENIX, AZ85043
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
Common Stock 05/28/2013 M 5,000 ( 2 ) A $ 3.44 14,080 D
Common Stock 05/28/2013 M 5,000 ( 2 ) A $ 4.16 19,080 D
Common Stock 05/28/2013 F 5,093 ( 2 ) D $ 7.46 13,987 D
Common Stock 05/28/2013 S 1,502 D $ 7.6613 12,485 D
Common Stock 05/29/2013 S 2,578 D $ 7.5054 9,907 D
Common Stock 05/28/2013 M 26,325 D $ 7.6 30,000 I By IRA
Common Stock 4,133,695 I By Capital Foods LLC ( 1 )
Table II - Derivative Securitie s 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
Common Stock Option (Right to Buy) $ 3.44 05/28/2013 M 5,000 05/20/2011 05/20/2020 Common Stock 5,000 ( 2 ) $ 0 0 D
Common Stock Option (Right to Buy) $ 4.16 05/28/2013 M 5,000 05/18/2012 05/18/2021 Common Stock 5,000 ( 2 ) $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
POLHILL LARRY R
7000 WEST BUCKEYE ROAD
PHOENIX, AZ85043
X X
Signatures
/s/ Larry Polhill 05/30/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Mr. Polhill may be deemed to indirectly beneficially own the shares held by Capital Foods, LLC as a result of his status as the Manager of and his indirect ownership in Capital Foods, LLC, a Delaware limited liability company.
( 2 )Acquisition of shares based on 2 cashless net exercises of stock options, resulting in the issuance to Mr. Polhill of a number of shares of common stock that was less than the total number of shares issued pursuant to the option. The remaining shares underlying the option were cancelled as payment for the exercise price, based upon the closing price per share reported by Nasdaq on May 24, 2013 which was $7.46.

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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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