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FORM 4
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
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<S> <C> <C> <C> <C> <C> <C>
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| 1. Name and Address of Reporting Person(1) | 2. Issuer Name and Ticker or Trading Symbol |6. Relationship of Reporting Person to|
|Richardson, Jr. James C. | Fresh Foods, Inc. (NASDAQ:FOOD) | Issuer (Check all applicable) |
|--------------------------------------------|----------------------------------------------| |
| (Last) (First) (Middle) | 3. IRS Identification | 4. Statement For | [X] Director [X] 10% Owner |
| | Number of Reporting | Month/Year | [X] Officer (give [ ] Other (Specify|
| | Person, if an Entity | | title below) |
|361 Second Street NW, P.O. Box 3967 | (Voluntary) | February 2000 | below) |
| | | | Chairman of the Board |
|--------------------------------------------| |--------------------|--------------------------------------|
| (Street) | | 5. If Amendment, |7. Individual or Joint/Group Filing |
| | | Date of Original| (Check applicable line) |
|Hickory North Carolina 28603 | | (Month/Year) | [X] Form Filed by One |
| | | | Reporting Person |
|--------------------------------------------|----------------------------------------------| [ ] Form Filed by More Than |
| (City) (State) (Zip) | | One Reporting Person |
| | | |
|----------------------------------------------------------------------------------------------------------------------------------|
| TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED |
|----------------------------------------------------------------------------------------------------------------------------------|
|1. Title of Security |2. Transaction |3. Transac- |4. Securities Acquired (A) | 5. Amount of Se- |6. Owner- |7. Nature |
| (Instr. 3) | Date | tion Code | or Disposed of (D) | curities Benefi-| ship | of In- |
| | (Month/Day/ | (Instr. 8) | | cially Owned at | Form: | direct |
| | Year) | | | End of Month | Direct | Benefi-|
| | | | (Instr. 3, 4 and 5) | (Instr. 3 and 4)| (D) or | cial |
| | |--------------|---------------------------| | Indirect | Owner- |
| | | Code | V | Amount | (A) or| Price| | (I) | ship |
| | | | | | (D) | | | (Instr. 4)| (Instr.|
| | | | | | | | | | 4) |
|---------------------|-------------------|-------|------|------------|-------|------|--------------------|-------------|----------|
|Common Stock | 02/01/00 | P(1) | | 15,108 | A |$8.00 | | D | |
|---------------------|-------------------|-------|------|------------|-------|------|--------------------|-------------|----------|
|Common Stock | 02/09/00 | P(2) | | 43,341 | A |$8.00 | | D | |
|---------------------|-------------------|-------|------|------------|-------|------|--------------------|-------------|----------|
|Common Stock | 02/09/00 | P(3) | | 31,533 | A |$8.00 | | D | |
|---------------------|-------------------|-------|------|------------|-------|------|--------------------|-------------|----------|
|Common Stock | 02/11/00 | P(4) | | 10,731 | A |$8.00 | | D | |
|---------------------|-------------------|-------|------|------------|-------|------|--------------------|-------------|----------|
|Common Stock | | | | | | | 1,345,881 (5) | D | |
|---------------------|-------------------|-------|------|------------|-------|------|--------------------|-------------|----------|
|Common Stock | | | | | | | 239,622 (6) | I |By Colum- |
| | | | | | | | | |bia Hill |
| | | | | | | | | |LLC |
|---------------------|-------------------|-------|------|------------|-------|------|--------------------|-------------|----------|
|Common Stock | | | | | | | 269,992 (7) | I |By HERTH |
| | | | | | | | | |Manage- |
| | | | | | | | | |ment, Inc.|
|---------------------|-------------------|-------|------|------------|-------|------|--------------------|-------------|----------|
| | | | | | | | | | |
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<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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|1. Title of Derivative | 2. Conver- |3. Trans- |4. Trans- |5. Number of | 6. Date Exer- |7. Title and Amount |8. Price |
| Security | sion or | action | action | Derivative | cisable and | of Underlying | of |
| (Instr. 3) | Exercise | Date | Code | Securities | Expiration | Securities | Deriv- |
| | Price of | (Month/| (Instr.| Acquired (A) | Date | (Instr. 3 and 4) | ative |
| | Deriv- | Day/ | 8) | or Disposed | (Month/Day/ | | Secur- |
| | ative | Year) | | of (D) | Year) | | ity |
| | Security | | | (Instr. 3, | | | (Instr. 5)|
| | | | | 4, and 5) |-----------------|--------------------| |
| | | | | | Date |Expira- | | Amount or| |
| | | |----------|----------------| Exer- |tion | Title | Number of| |
| | | | Code| V | (A) | (D) | cisable|Date | | Shares | |
|-----------------------|--------------|----------|-----|----|-------|--------|--------|--------|--------|-----------|-------------|
|Option (right to buy)--| N/A | 02/18/00 |J(8) | | |215,000 |02/23/98|02/23/08|Common | 215,000 | |
|1997 Special Stock | | | | | | (D) | | |Stock | | |
|Option Plan | | | | | | | | | | | |
|-----------------------|--------------|----------|-----|----|-------|--------|--------|--------|--------|-----------|-------------|
| | | | | | | | | | | | |
|-----------------------|--------------|----------|-----|----|-------|--------|--------|--------|--------|-----------|-------------|
| | | | | | | | | | | | |
|-----------------------|--------------|----------|-----|----|-------|--------|--------|--------|--------|-----------|-------------|
| | | | | | | | | | | | |
|-----------------------|--------------|----------|-----|----|-------|--------|--------|--------|--------|-----------|-------------|
| | | | | | | | | | | | |
|-----------------------|--------------|----------|-----|----|-------|--------|--------|--------|--------|-----------|-------------|
| | | | | | | | | | | | |
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<CAPTION>
<S> <C> <C>
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| 9. Number of | 10. Ownership | 11. Nature of |
| Derivative | Form of | Indirect |
| Securities | Derivative | Beneficial |
| Beneficially | Security: | Ownership |
| Owned at End | Direct (D) | (Instr. 4) |
| of Month | or Indirect (I) | |
| (Instr. 4) | (Instr. 4) | |
| | | |
|---------------------|-------------------------------|----------------------|
| -0- | D | |
|---------------------|-------------------------------|----------------------|
| | | |
|---------------------|-------------------------------|----------------------|
| | | |
|---------------------|-------------------------------|----------------------|
| | | |
|---------------------|-------------------------------|----------------------|
| | | |
|---------------------|-------------------------------|----------------------|
| | | |
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Explanation of Responses:
(1) On February 1, 2000, the Reporting Person acquired 15,108 shares of Common Stock at a price of $8.00 per share.
(2) On February 9, 2000, the Reporting Person acquired 43,341 shares of Common Stock at a price of $8.00 per share.
(3) On February 9, 2000, the Reporting Person acquired 31,533 shares of Common Stock at a price of $8.00 per share.
(4) On February 11, 2000, the Reporting Person acquired 10,731 shares of Common Stock at a price of $8.00 per share.
(5) Includes (a) 715,163 shares of Common Stock acquired by the Reporting Person at $8.528 per share through a stock purchase
agreement entered into on December 22, 1999, amended on January 31, 2000 and closed on February 1, 2000; and (b) 1084
shares of Common Stock owned through the Employee Stock Purchase Plan as of December 31, 1999.
(6) The Reporting Person is a 40% owner of Columbia Hill, LLC. Columbia Hill, LLC owns 46,799 shares of Common Stock directly
and is a 45% owner of HERTH Management, Inc., which owns 1,227,235 shares of Common Stock. Pursuant to Rule 16a-1 of the
Securities Exchange Act of 1934 (the "Act"), this filing shall not be deemed an admission that the Reporting Person is
the beneficial owner of any equity securities covered by this statement.
(7) The Reporting Person is a 22% owner of HERTH Management, Inc., which owns 1,227,235 shares of Common Stock. Pursuant to
Rule 16a-1 of the Act, this filing shall not be deemed an admission that the Reporting Person is the beneficial owner of
any equity securities covered by this statement.
(8) On February 18, 2000, the Reporting Person cancelled all options to purchase Common Stock that had been issued and were then
outstanding to the Reporting Person, including options not yet exercisable as well as options exercisable as of the date of
cancellation. No value was received by the Reporting Person.
(*) Intentional misstatements or omissions of facts constitute Federal Criminal /s/ James C. Richardson, Jr. 03/10/2000
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). -------------------------------- ----------
Signature of Reporting Person(*) Date
Note. File three copies of this form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure.
(Print or Type Responses)
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