Note 8 - Stockholders' Equity

9 Months Ended

Feb. 25, 2018

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

8 . Stockholders ’ Equity

During

the

three

months ended

February 25, 2018,

the Company did

not

grant any equity awards

. During the

nine

months ended

February 25, 2018,

the Company granted options to purchase

498,000

shares of common stock and awarded

200,000

RSUs.

As of

February 25, 2018,

the Company has reserved 

3.1

million shares of Common Stock for future issuance under its current and former equity plans.

On

July 14, 2010,

the Company announced that the Board of Directors of the Company had approved the establishmen

t of a stock repurchase plan authorizing the repurchase of up to

$10

million of the Company’s common stock. The Company

may

repurchase its common stock from time to time in open market purchases or in privately negotiated transactions. The timing and actual number of shares repurchased is at the discretion of management of the Company and will depend on a variety of factors, including stock price, corporate and regulatory requirements, market conditions, the relative attractiveness of other capital deployment opportunities and other corporate priorities. The stock repurchase program does

not

obligate Landec to acquire any amount of its common stock and the program

may

be modified, suspended or terminated at any time at the Company's discretion without prior notice. During the fiscal year ended

May 28, 2017

and the

nine

months ended

February 25, 2018,

the Company did

not

purchase any shares on the open market.