X0303 4 2010-02-25 0000057528 LANCE INC LNCE 0001222746 SINGER DAVID V 13024 BALLANTYNE CORPORATE PL. STE. 900 CHARLOTTE NC 28277 1 1 0 0 President and CEO $.83-1/3 par value Common Stock 26689 D $.83-1/3 par value Common Stock 3000 D $.83-1/3 par value Common Stock 5963 D $.83-1/3 par value Common Stock 13542 D $.83-1/3 par value Common Stock 11940 D $.83-1/3 par value Common Stock 2010-02-25 4 A 0 18198 A 18198 D Restricted Stock Units Common Stock 300000 300000 D Option (right to buy) 19.645 2007-02-08 2016-02-08 Common Stock 83652 83652 D Option (right to buy) 19.70 2008-03-08 2017-03-08 Common Stock 100000 100000 D Option (right to buy) 16.77 2009-02-21 2018-02-21 Common Stock 99999 99999 D Option (right to buy) 21.71 2010-02-23 2019-02-23 Common Stock 92196 92196 D Option (right to buy) 21.98 2010-02-25 4 A 0 85287 21.98 A 2011-02-25 2020-02-25 Common Stock 85287 85287 D Shares issued pursuant to the Lance, Inc. 2003 Director Stock Plan, a Rule 16b-3 Plan. Restricted shares awarded pursuant to the 2007 Key Employee Incentive Plan, a Rule 16b-3 Plan. Shares vest in three (3) equal annual installments beginning 2/21/2009. Restricted shares awarded pursuant to the 2007 Key Employee Incentive Plan, a Rule 16b-3 Plan. Shares vest in three (3) equal annual installments beginning immediately upon award date of 2/23/2009. Restricted shares awarded pursuant to the 2007 Key Employee Incentive Plan, a Rule 16b-3 Plan. Shares vest in three (3) equal annual installments beginning 2/23/2010. Restricted shares awarded pursuant to the 2007 Key Employee Incentive Plan, a Rule 16b-3 Plan. Shares vest in three (3) equal annual installments beginning 2/25/2011. Each restricted stock unit represents a contingent right to receive one share of the Company's $.83-1/3 par value Common Stock. Of these restricted stock units, 150,000 units were granted pursuant to the Lance, Inc. 2003 Key Employee Stock Plan, a Rule 16b-3 Plan, and 150,000 units were granted pursuant to the 1997 Incentive Equity Plan, a Rule 16b-3 Plan. The restricted stock units vest on May 11, 2010, subject to earlier vesting in the event of death, disability or termination without cause. Vested shares will be delivered as soon as administratively practicable after the applicable vesting date, subject to the potential for deferred payment under certain circumstances. Options granted pursuant to the 2003 Key Employee Stock Plan, a Rule 16b-3 Plan. Options granted pursuant to the 2003 Key Employee Stock Plan, as amended, a Rule 16b-3 Plan. Options granted pursuant to the 2007 Key Employee Incentive Plan, a Rule 16b-3 Plan. Options become exercisable in three (3) equal annual installments beginning 2/8/2007. Options become exercisable in three (3) equal annual installments beginning 3/8/2008. Options become exercisable in three (3) equal annual installments beginning 2/21/2009. Options become exercisable in three (3) equal annual installments beginning 2/23/2010. Options become exercisable in three (3) equal annual installments beginning 2/25/2011. /David V. Singer/ by Edward H. Schuth his Attorney-In-Fact 2010-03-01