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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
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(f) of the Investment Company Act of 1940
|_| Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Wicker Damion E.
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(Last) (First) (Middle)
c/o Chase Venture Capital Associates, LLC ("CVCA, LLC")(FN 1)
380 Madison Avenue, 12th Floor
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(Street)
New York New York 10017
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Landec Corporation ("LNDC")
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
January 2000
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5. If Amendment, Date of Original (Month/Year)
February 1997
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
|X| Director |_| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
|X| Form filed by one Reporting Person
|_| Form filed by more than one Reporting Person
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ---------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock N/A N/A N/A N/A N/A 1,306,817 I FN 2
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- Form of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ --------------- Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Options $.86 5/27/95 A Immed. 5/27/05 Common 35,434 0.00 35,434 D (FN 3)
(right to buy) Stock
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Options $7.625 2/2/97 A Immed. 2/2/07 Common 20,000 0.00 35,434 D (FN 3)
(right to buy) Stock
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Options $.575 12/14/93 A A Immed. 12/15/98 Common 3,478 0.00 35,434 D (FN 4)
(right to buy) Stock
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Options $.8625 5/25/95 A A Immed. 5/25/05 Common 3,478 0.00 35,434 D (FN 4)
(right to buy) Stock
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Options $9.34 12/14/93 A A Immed. 1/26/06 Common 5,000 0.00 35,434 D (FN 4)
(right to buy) Stock
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</TABLE>
Explanation of Responses:
(1) The amounts shown represent the beneficial ownership of the Issuer's
securities by CVCA, LLC, a portion of which may be deemed attributable to the
reporting person because the reporting person is a general partner of CCP, which
is (i) the sole managing member of CCP-SBIC Manager, LLC, the managing member of
CVCA, LLC, (ii) the managing member of CCP-CMC Consolidating, LLC,
("Consolidating"), the non-managing member of CVCA, LLC, and (iii) the manager,
by delegation, of CVCA, LLC, pursuant to a master advisory agreement with
CCP-SBIC Manager, LLC and Consolidating. The actual pro rata portion of such
beneficial ownership that may be deemed attributable to the reporting person is
not readily determinable because it is subject to several variables, including
CVCA, LLC's and CCP's internal rate of return and vesting.
(2) The amounts shown represent the beneficial ownership of the Issuer's
securities by CVCA, LLC, a portion of which may be deemed attributable to the
reporting person because the reporting person is a partner of CCP, which is (i)
the sole managing member of CCP-SBIC Manager, LLC, the managing member of CVCA,
LLC, (ii) the managing member of Consolidating, the non-managing member of CVCA,
LLC and (iii) the manager, by delegation, of CVCA, LLC. The actual pro rata
portion of such beneficial ownership is not readily determinable because it is
subject to several variables, including CVCA, LLC's and CCP's internal rate of
return and vesting.
(3) The Common Stock and Options identified by footnotes 3 and 4 to Table II
were granted to the reporting person, in the case of those marked by footnote 3,
or to Mitchell Blutt, M.D., a former director of the Issuer and a general
partner of CCP, in the case of footnote 4, in their capacity as directors of the
Issuer. The reporting person and Dr. Blutt are contractually obligated to
transfer the Common Stock and any shares issued under the Options to CVCA, LLC.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Damion E. Wicker 2/ /2000
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Damion E. Wicker Date
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.
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