<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
NAME OF ISSUER Landec Corporation
TITLE OF CLASS OF SECURITIES Common Stock
CUSIP NUMBER 514766104
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP No. 514766104 Page 2 of 9
- --------------------------------------------------------------------------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person
Raychem Ventures, Inc.
- --------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group*
(a) ( ) (b) ( )
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. Citizenship or place of organization
California
- --------------------------------------------------------------------------------
5. Sole Voting Power
587,750
--------------------------------------------------
Number of shares ) 6. Shared Voting Power
Beneficially ) NONE
Owned by each )
Reporting ) --------------------------------------------------
Person with: ) 7. Sole Dispositive Power
587,750
--------------------------------------------------
8. Shared Dispositive Power
NONE
- --------------------------------------------------------------------------------
9. Aggregate amount beneficially owned by each reporting person
587,750
- --------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) includes certain shares*
Not applicable
- --------------------------------------------------------------------------------
11. Percent of class represented by amount in row 9
5.5%
- --------------------------------------------------------------------------------
12. Type of Reporting person*
CO
- --------------------------------------------------------------------------------
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CUSIP No. 514766104 Page 3 of 9
- --------------------------------------------------------------------------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person
Raychem International Manufacturing Corporation
- --------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group*
(a) ( ) (b) ( )
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. Citizenship or place of organization
California
- --------------------------------------------------------------------------------
5. Sole Voting Power
36,613
--------------------------------------------------
Number of shares ) 6. Shared Voting Power
Beneficially ) NONE
Owned by each )
Reporting ) --------------------------------------------------
Person with: ) 7. Sole Dispositive Power
36,613
--------------------------------------------------
8. Shared Dispositive Power
NONE
- --------------------------------------------------------------------------------
9. Aggregate amount beneficially owned by each reporting person
36,613
- --------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) includes certain shares*
Not applicable
- --------------------------------------------------------------------------------
11. Percent of class represented by amount in row 9
.3%
- --------------------------------------------------------------------------------
12. Type of Reporting person*
CO
- --------------------------------------------------------------------------------
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CUSIP No. 514766104 Page 4 of 9
- --------------------------------------------------------------------------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person
Raychem Corporation
- --------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group*
(a) ( ) (b) ( )
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. Citizenship or place of organization
Delaware
- --------------------------------------------------------------------------------
5. Sole Voting Power
NONE
--------------------------------------------------
Number of shares ) 6. Shared Voting Power
Beneficially ) 624,363
Owned by each )
Reporting ) --------------------------------------------------
Person with: ) 7. Sole Dispositive Power
NONE
--------------------------------------------------
8. Shared Dispositive Power
624,363
- --------------------------------------------------------------------------------
9. Aggregate amount beneficially owned by each reporting person
624,363
- --------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) includes certain shares*
Not applicable
- --------------------------------------------------------------------------------
11. Percent of class represented by amount in row 9
5.8%
- --------------------------------------------------------------------------------
12. Type of Reporting person*
CO
- --------------------------------------------------------------------------------
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CUSIP No. 514766104 Page 5 of 9
________________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Item 1(a) Name of Issuer: Landec Corporation (NASDAQ)
Item 1(b) Address of Issuer's Principal Executive Offices:
3603 Haven Avenue, Menlo Park, California 94025-1164
Item 2(a) Item 2(b)
Name of Person Filing: Address or Principal Office or, if NONE,
Resident:
Raychem Ventures, Inc. 300 Constitution Drive
Menlo Park, California 94025-1164
Raychem International
Manufacturing Corporation 300 Constitution Drive
Menlo Park, California 94025-1164
Raychem Corporation 300 Constitution Drive
Menlo Park, California 94025-1164
Item 2(c) Citizenship: California
Item 2(d) Title of Class of Securities: Common
Item 2(e) Cusip Number: 514766104
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CUSIP No. 514766104 Page 6 of 9
________________________________________________________________________________
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a)( ) Broker or Dealer registered under Section 15 of the Act
(b)( ) Bank as defined in Section 3(a)(6) of the Act
(c)( ) Insurance Company as defined in Section 3(a)(19) of the Act
(d)( ) Investment Company registered under Section 8 of the Investment
Company Act
(e)( ) Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940
(f)( ) Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
1974 or Endowment Fund; see (Section 240.13d-1(b)(1)(ii)(F)
(g)( ) Parent Holding Company, in accordance with Section 240.13d-1(b)
(ii)(G)
(h)( ) Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
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CUSIP No. 514766104 Page 7 of 9
________________________________________________________________________________
Item 4. Ownership
<TABLE>
<CAPTION>
RAYCHEM
INTERNATIONAL
RAYCHEM MANUFACTURING RAYCHEM CORPORATION
VENTURES, INC. CORPORATION
<S> <C> <C> <C> <C>
(a) Amount Beneficially Owned: NONE NONE 624,363
(b) Percent of Class: 5.5% .3% 5.8%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote;
587,750 36,613 NONE
(ii) Shared power to vote or to direct the vote;
NONE NONE 624,363
(iii) Sole power to dispose or to direct the
disposition of; 587,750 36,613 NONE
(iv) Shared power to dispose or to direct the
disposition of; NONE NONE 624,363
</TABLE>
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CUSIP No. 514766104 Page 8 of 9
________________________________________________________________________________
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date thereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following ( ).
Item 6. Ownership of More than Five/Ten Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
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CUSIP No. 514766104 Page 9 of 9
________________________________________________________________________________
Item 10. Certification.
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were acquired in the
ordinary course of business, were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in any
transaction having such purposes or effect.
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.
RAYCHEM VENTURES, INC.
By: /s/ Raymond J. Sims
---------------------------------------------------
Signature
Name/Title: Raymond J. Sims
Senior Vice President and Chief Financial Officer
Date: February 14, 1997
RAYCHEM INTERNATIONAL MANUFACTURING CORPORATION
By: /s/ Raymond J. Sims
----------------------------------------------------
Signature
Name/Title: Raymond J. Sims
Senior Vice President and Chief Financial Officer
Date: February 14, 1997
RAYCHEM CORPORATION
By: /s/ Raymond J. Sims
----------------------------------------------------
Signature
Name/Title: Raymond J. Sims
Senior Vice President and Chief Financial Officer
Date: February 14, 1997
