SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
WAREHIME MICHAEL A

(Last) (First) (Middle)
13024 BALLANTYNE CORPORATE PLACE
SUITE 900

(Street)
CHARLOTTE NC 28277

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SNYDER'S-LANCE, INC. [ LNCE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) X Other (specify below)
Chairman of the Board
3. Date of Earliest Transaction (Month/Day/Year)
05/18/2011
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
$.83-1/3 par value Common Stock(1) 05/18/2011 M 30,310 A $3.929 9,876,026(2) D
$.83-1/3 par value Common Stock(1) 05/18/2011 M 30,310 A $4.599 9,906,336(2) D
$.83-1/3 par value Common Stock(1) 05/18/2011 M 34,856.5 A $8.961 9,941,192.5(2) D
$.83-1/3 par value Common Stock(1) 830,076(3) D
$.83-1/3 par value Common Stock(1) 1,004,492(4) I By Warehime Enterprises, Inc.
$.83-1/3 par value Common Stock(1) 349,361(5) I By MAW Associates, LP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option (right to buy)(6) $2.878 12/06/2010 03/31/2018 Common Stock 29,877(7) 29,877(7) D
Option (right to buy)(6) $3.929 05/18/2011 M 30,310 12/06/2010 03/31/2020 Common Stock 30,310(7) $0 0(7) D
Option (right to buy)(6) $4.599 05/18/2011 M 30,310 12/06/2010 03/31/2021 Common Stock 30,310(7) $0 0(7) D
Option (right to buy)(6) $6.259 12/06/2010 03/31/2022 Common Stock 30,310(7) 30,310(7) D
Option (right to buy)(6) $6.679 12/06/2010 03/31/2023 Common Stock 20,567.5(7) 20,567.5(7) D
Option (right to buy)(6) $6.474 12/06/2010 03/31/2024 Common Stock 12,990(7) 12,990(7) D
Option (right to buy)(6) $8.961 05/18/2011 M 34,856.5 12/06/2010 04/01/2025 Common Stock 34,856.5(7) $0 0(7) D
1. Name and Address of Reporting Person*
WAREHIME MICHAEL A

(Last) (First) (Middle)
13024 BALLANTYNE CORPORATE PLACE
SUITE 900

(Street)
CHARLOTTE NC 28277

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) X Other (specify below)
Chairman of the Board
1. Name and Address of Reporting Person*
WAREHIME PATRICIA A

(Last) (First) (Middle)
13024 BALLANTYNE CORPORATE PLACE
SUITE 900

(Street)
CHARLOTTE NC 28277

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Received in exchange for shares of Snyder's of Hanover, Inc. ("SOH") common stock pursuant to the Agreement and Plan of Merger among SOH, Lance, Inc. and Lima Merger Corp. ("Merger Agreement").
2. These securities are owned by Michael A. Warehime ("MAW"), who is member of a "group" with his spouse, Patricia A. Warehime ("PAW"), for purposes of Section 13(d) of the Exchange Act. PAW's beneficial ownership of such securities is indirect.
3. These securities are owned by PAW. MAW's beneficial ownership of such securities is indirect.
4. These securities are owned by Warehime Enterprises, Inc. ("WEI"). MAW is the majority owner, chairman and an executive officer of WEI. MAW's and PAW's beneficial ownership of such securities is indirect.
5. These securities are owned by MAW Associates, LP ("LP"). PAW is the sole member of the general partner of LP, and MAW is an executive officer of LP. MAW's and PAW's beneficial ownership of such securities is indirect.
6. Received pursuant to the Merger Agreement in exchange for outstanding SOH options.
7. These securities are owned by MAW. PAW's beneficial ownership of such securities is indirect.
Remarks:
/Michael A. Warehime/ By Edward H. Schuth, his Attorney-In-Fact 05/24/2011
/Patricia A. Warehime/ By Edward H. Schuth, her Attorney-In-Fact 05/24/2011
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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