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*
DENTON JOHN E
(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 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2012
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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 05/21/2012 M 21,650 A $1.217 30,980 D
$.83-1/3 par value Common Stock 05/21/2012 S 21,650 D $25.8224(1) 9,330 D
$.83-1/3 par value Common Stock 05/21/2012 M 4,330 A $1.953 13,660 D
$.83-1/3 par value Common Stock 05/21/2012 S 4,330 D $25.8388(2) 9,330 D
$.83-1/3 par value Common Stock 05/21/2012 M 4,330 A $1.779 13,660 D
$.83-1/3 par value Common Stock 05/21/2012 S 4,330 D $25.8046(3) 9,330 D
$.83-1/3 par value Common Stock 05/21/2012 M 4,330 A $1.999 13,660 D
$.83-1/3 par value Common Stock 05/21/2012 S 4,330 D $25.7917(4) 9,330 D
$.83-1/3 par value Common Stock 05/21/2012 M 4,330 A $2.449 13,660 D
$.83-1/3 par value Common Stock 05/21/2012 S 4,330 D $25.8138(5) 9,330 D
$.83-1/3 par value Common Stock 05/21/2012 M 4,330 A $2.878 13,660 D
$.83-1/3 par value Common Stock 05/21/2012 S 4,330 D $25.6656(6) 9,330 D
$.83-1/3 par value Common Stock 4,000(7) D
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)(8) $1.217 05/21/2012 M 21,650 12/06/2010 03/31/2013 Common Stock 21,650 $0 0 D
Option (right to buy)(8) $1.953 05/21/2012 M 4,330 12/06/2010 03/31/2014 Common Stock 4,330 $0 0 D
Option (right to buy)(8) $1.779 05/21/2012 M 4,330 12/06/2010 03/31/2015 Common Stock 4,330 $0 0 D
Option (right to buy)(8) $1.999 05/21/2012 M 4,330 12/06/2010 03/31/2016 Common Stock 4,330 $0 0 D
Option (right to buy)(8) $2.449 05/21/2012 M 4,330 12/06/2010 03/31/2017 Common Stock 4,330 $0 0 D
Option (right to buy)(8) $2.878 05/21/2012 M 4,330 12/06/2010 03/31/2018 Common Stock 4,330 $0 0 D
Option (right to buy)(8) $3.505 12/06/2010 03/31/2019 Common Stock 2,165 2,165 D
Option (right to buy)(8) $3.929 12/06/2010 03/31/2020 Common Stock 2,165 2,165 D
Option (right to buy)(8) $4.599 12/06/2010 03/31/2021 Common Stock 2,165 2,165 D
Option (right to buy)(8) $6.259 12/06/2010 03/31/2022 Common Stock 2,165 2,165 D
Option (right to buy)(8) $6.679 12/06/2010 03/31/2023 Common Stock 2,165 2,165 D
Option (right to buy)(8) $6.474 12/06/2010 03/31/2024 Common Stock 1,082.5 1,082.5 D
Option (right to buy)(8) $8.961 12/06/2010 04/01/2025 Common Stock 2,814.5 2,814.5 D
Explanation of Responses:
1. Price shown is the weighted average. Shares sold in multiple transactions ranging from $25.75-$25.92. Detailed information regarding the number of shares sold at each separate price is available to the Commission upon request.
2. Price shown is the weighted average. Shares sold in multiple transactions ranging from $25.77-$25.90. Detailed information regarding the number of shares sold at each separate price is available to the Commission upon request.
3. Price shown is the weighted average. Shares sold in multiple transactions ranging from $25.75-$25.815. Detailed information regarding the number of shares sold at each separate price is available to the Commission upon request.
4. Price shown is the weighted average. Shares sold in multiple transactions ranging from $25.73-$25.81. Detailed information regarding the number of shares sold at each separate price is available to the Commission upon request.
5. Price shown is the weighted average. Shares sold in multiple transactions ranging from $25.77-$25.82. Detailed information regarding the number of shares sold at each separate price is available to the Commission upon request.
6. Price shown is the weighted average. Shares sold in multiple transactions ranging from $25.62-$25.715. Detailed information regarding the number of shares sold at each separate price is available to the Commission upon request.
7. Restricted shares issued pursuant to the Lance, Inc. 2008 Director Stock Plan, a Rule 16b-3 Plan.
8. Received in exchange for outstanding options of Snyder's of Hanover, Inc. pursuant to the Agreement and Plan of Merger among Snyder's of Hanover, Inc., Lance, Inc. and Lima Merger Corp.
Remarks:
John E. Denton /s/ by A. Zachary Smith III, his Attorney-In-Fact 05/22/2012
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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