U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 box if no longer subject of 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 J.P. Morgan Partners, LLC
1221 Avenue of the Americas-40th Floor
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(Street)
New York New York 10020
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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 2001
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5. If Amendment, Date of Original (Month/Year)
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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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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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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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Common Stock N/A N/A N/A N/A N/A 1,306,817 I (FNs 1,2)
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/99)
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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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or 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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Options Common
(right to buy) $.86 N/A N/A N/A N/A Immed 5/27/05 Stock 5,000 -0- 35,434 D (FN 3)
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Options Common
(right to buy) $7.625 N/A N/A N/A N/A Immed 2/2/07 Stock 20,000 -0- 35,434 D (FN 3)
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Options Common
(right to buy) $.575 N/A N/A N/A N/A Immed 12/15/98 Stock 3,478 -0- 35,434 D (FN 4)
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Options Common
(right to buy) $.8625 N/A N/A N/A N/A Immed 5/25/05 Stock 3,116 -0- 35,434 D (FN 4)
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Options Common
(right to buy) $9.34 N/A N/A N/A N/A Immed 1/26/06 Stock 5,000 -0- 35,434 D (FN 4)
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Explanation of Responses:
(1) The amounts shown represent the beneficial ownership of the Issuer's
securities by J.P. Morgan Partners (SBIC), LLC ("JPM SBIC"), formerly known as
Chase Venture Capital Associates, LLC, a portion of which may be deemed
attributable to the reporting person because the reporting person is a managing
director of JPM SBIC and a limited partner of J.P. Morgan Partners Master Fund
Manager, L.P. ("MF Manager"), the general partner of the sole shareholder of JPM
SBIC. The actual pro rata portion of such beneficial ownership is not readily
determinable because it is subject to several variables, including the internal
rate of return and vesting within the sole shareholder of JPM SBIC and within MF
Manager. The reporting person disclaims beneficial ownership of the securities
to the extent it exceeds his pecuniary interest.
(2) As a result of internal reorganizations and name changes effective as
of the first week of January 2001, JPM SBIC became a subsidiary of J.P. Morgan
Partners (BHCA), L.P., a limited partnership managed by MF Manager, formerly
known as Chase Capital Partners. The reporting person became a limited partner
of MF Manager upon its conversion to a limited partnership form of organization.
The internal reorganizations and name changes did not alter the proportionate
interests of the ultimate security holders of the renamed entities.
(3) and (4) 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
limited partner of MF Manager, 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 JPM SBIC.
/s/ Damion E. Wicker 02/08/01
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Damion E. Wicker Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
