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*
PREZZANO WILBUR J
(Last) (First) (Middle)
28 MURRAY BOULEVARD
(Street)
CHARLESTON SC 29401
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
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)
03/12/2009
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 5,000(1) D
$.83-1/3 par value Common Stock 2,000(2) D
$.83-1/3 par value Common Stock 03/12/2009 A 4,000 A $13.875 4,000 D
$.83-1/3 par value Common Stock 03/12/2009 A 4,000 A $10.5 8,000 D
$.83-1/3 par value Common Stock 03/12/2009 S 7,900 D $20.4 100 D
$.83-1/3 par value Common Stock 03/12/2009 S 100 D $20.45 0 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)(3) $13.875 03/12/2009 M 4,000 05/01/2000 05/01/2009 Common Stock 4,000 $13.875 0 D
Option (right to buy)(3) $10.5 03/12/2009 M 4,000 05/01/2001 05/01/2010 Common Stock 4,000 $10.5 0 D
Option (right to buy)(3) $11.65 05/01/2002 05/01/2011 Common Stock 4,000 4,000 D
Option (right to buy)(3) $15.88 05/01/2003 05/01/2012 Common Stock 4,000 4,000 D
Explanation of Responses:
1. Restricted shares issued pursuant to the Lance, Inc. 2003 Director Stock Plan, a Rule 16b-3 Plan.
2. Restricted shares issued pursuant to the Lance, Inc. 2008 Director Stock Plan, a Rule 16b-3 Plan.
3. Options granted under the Lance, Inc. 1995 Nonqualified Stock Option Plan for Non-Employee Directors, a Rule 16b-3 Plan.
Remarks:
/Wilbur J. Prezzano/ by Edward H. Schuth, Attorney In Fact 03/13/2009
** 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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