X0201 5 2003-12-27 0 0 0000057528 LANCE INC LNCE 0001240916 STROUP PAUL A III 8600 SOUTH BOULEVARD CHARLOTTE NC 28273 1 1 0 0 Chmn. of the Brd., CEO, Pres. $.83-1/3 par value Common Stock 41072 D $.83-1/3 par value Common Stock 18064.592 D $.83-1/3 par value Common Stock 589 I By Spouse Option (right to buy) 19.625 1996-04-16 2004-04-16 Common Stock 4500 4500 D Option (right to buy) 15.812 1997-04-19 2006-04-19 Common Stock 29200 29200 D Option (right to buy) 18.375 1998-04-18 2007-04-18 Common Stock 18300 18300 D Option (right to buy) 20.906 1999-04-16 2008-04-16 Common Stock 13650 13650 D Option (right to buy) 16.156 2000-02-16 2009-02-16 Common Stock 32700 32700 D Option (right to buy) 10.125 2001-04-20 2010-04-20 Common Stock 48050 48050 D Option (right to buy) 12.69 2002-01-30 2011-01-30 Common Stock 23350 23350 D Option (right to buy) 14.45 2003-01-24 2012-01-24 Common Stock 25050 25050 D Option (right to buy) 7.65 2004-04-24 2013-04-24 Common Stock 46800 46800 D Includes Restricted shares awarded pursuant to the 1997 Incentive Equity Plan, a Rule 16b-3 Plan. Shares held through the Company's Employee Stock Purchase Plan, a Rule 16b-3 Plan. Includes shares attributable to acquisitions under the Dividend Reinvestment Plan. Options granted under the 1991 Stock Option Plan, a Rule 16b-3 Plan. Options granted under the 1997 Incentive Equity Plan, a Rule 16b-3 Plan. Options are fully exercisable. Options become exercisable in four equal annual installments beginning 4/20/01. Options become exercisable in four equal annual installments beginning 1/30/02. Options become exercisable in four equal annual installments beginning 1/24/03. Options become exercisable in four equal annual installments beginning 4/24/04. Paul A. Stroup, III, by Edward H. Schuth his Attorney-In-Fact 2004-01-30