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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
INFORMATION STATEMENT
PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Lance, Inc.
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(Name of Issuer)
$.83-1/3 par value Common Stock
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(Title of Class of Securities)
514606 10 2
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(CUSIP Number)
A. Zachary Smith III
Kennedy Covington Lobdell & Hickman, L.L.P.
4200 NationsBank Corporate Center
100 North Tryon Street
Charlotte, North Carolina 28202-4006
704/331-7474
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April 21, 1995
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Date of event which requires filing of this statement
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box. / /
Check the following box if a fee is being paid with this statement /X/.
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Page 1 of 6 Pages
(Cover Page continued on page 2)
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CUSIP No. 514606 10 2 SCHEDULE 13D Page 2 of 6 Pages
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(1) Names of Reporting Persons Nancy Van Every McLaurin
S.S. or I.R.S. Identification Nos. of Above Persons ###-##-####
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(2) Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
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(3) SEC Use Only
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(4) SOURCE OF FUNDS*
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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(6) Citizenship or Place of Organization United States of America
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(7) Sole Voting Power 838,765
Number of
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 898,020
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 838,765
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(10) Shared Dispositive Power
898,020
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,736,785
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(12) Check Box if Aggregate Amount in Row (11) Excludes Certain
Shares* [ ]
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(13) Percent of Class Represented by Amount in Row (11) 5.74%
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(14) Type of Reporting Person* IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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ITEM 1. SECURITY AND ISSUER.
(a) Title of Security: Lance, Inc., $.83-1/3 par value Common
Stock
(b) Name of Issuer: Lance, Inc.
(c) Address of Issuer's Principal Executive Offices:
8600 South Boulevard
Charlotte, North Carolina 28273
ITEM 2. IDENTITY AND BACKGROUND.
(a) Name of Person Filing: Nancy Van Every McLaurin
(b) Address of Principal Business Office or, if none, Residence:
3828 Deckford Place
Charlotte, North Carolina 28211
(c) Present Occupation: Private Investor
(d) None
(e) None
(f) Citizenship: United States of America
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Mrs. McLaurin has been a director of the issuer since April 21, 1995.
Since 1990, she has held a power of attorney from her mother which includes the
power to vote and dispose of shares of the issuer's Common Stock owned by her
mother. Mrs. McLaurin has not acquired any shares of the issuer in recent
years other than shares received as gifts by her as custodian for her minor
children, shares received upon the automatic reinvestment of dividends of the
issuer as custodian for her children and pursuant to the grant of an option to
purchase 2,500 shares of the issuer's Common Stock on May 1, 1995, which became
exercisable on November 1, 1995, pursuant to the Lance, Inc. 1995 Nonqualified
Stock Option Plan for Non-Employee Directors. Such options have not yet been
exercised and Mrs. McLaurin has no present intention to exercise such options.
Under the Lance, Inc. 1995 Nonqualified Stock Option Plan for Non-Employee
Directors, each eligible director (which includes Mrs. McLaurin) is
automatically granted an option to purchase 1,000 shares of Common Stock on May
1 of each year at the fair market value on such date, subject to adjustment in
the event
Page 3 of 6 Pages
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of stock dividends and splits, recapitalizations and similar transactions and
subject to an aggregate limit (before such adjustment) of 100,000 shares.
ITEM 4. PURPOSE OF TRANSACTION.
See response to Item 3 above. Mrs. McLaurin has no plans or proposals
which relate to or would result in:
(a) The acquisition by any person of additional securities of the
issuer, or the disposition of securities of the issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the issuer or any of
its subsidiaries;
(c) A sale or transfer of a material amount of assets of the
issuer or of any of its subsidiaries;
(d) Any change in the present board of directors or management of
the issuer, including any plans or proposals to change the
number or term of directors or to fill any existing vacancies
on the board;
(e) Any material change in the present capitalization or dividend
policy of the issuer;
(f) Any other material change in the issuer's business or
corporate structure, including but not limited to, if the
issuer is a registered closed-end investment company, any
plans or proposals to make any changes in its investment
policy for which a vote is required by Section 13 of the
Investment Company Act of 1940;
(g) Changes in the issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the issuer by any person;
(h) Causing a class of securities of the issuer to be delisted
from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation system of
a registered national securities association;
(i) A class of equity securities of the issuer becoming eligible
for termination of registration pursuant to Section 12(g)(4)
of the Act; or
(j) Any action similar to any of those enumerated above.
Page 4 of 6 Pages
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ITEM 5. INTEREST IN SECURITIES OF ISSUER.
(a) See blocks 7 through 13 of the Cover Page. Shares include
2,500 shares as to which Mrs. McLaurin has a right to acquire
pursuant to the exercise of stock options.
(b) See blocks 7 through 10 of the Cover Page.
(c) On February 13, 1996, Mrs. McLaurin, at the direction of her
mother, made gifts of an aggregate of 6,600 shares of the
issuer's Common Stock to her mother's 11 grandchildren of
which 1,800 shares were received by Mrs. McLaurin as custodian
for her three children. On February 16, 1996, as custodian
for her children, Mrs. McLaurin and her husband as custodian
for his child acquired an aggregate of 314 shares at $16.592
per share under the issuer's automatic dividend reinvestment
plan. On February 26, 1996, Mrs. McLaurin, as custodian for
her children, terminated four small dividend reinvestment
accounts and as a result fractional shares aggregating 3.0671
shares were sold at $16 per share.
(d) Mrs. McLaurin's mother has the right to receive and the power
to direct the receipt of dividends from, or the proceeds from
the sale of, 897,880 shares of the issuer's Common Stock.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
Page 5 of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
March 18, 1996
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Date
/s/ Nancy Van Every McLaurin
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Signature
Nancy Van Every McLaurin
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Name
Page 6 of 6 Pages
