Note 8 - Stockholders' Equity

3 Months Ended

Aug. 26, 2018

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

8 . Stockholders’ Equity

During the

three

months ended

August 26, 2018,

the Company granted options to purchase

130,000

shares of common stock and awarded

235,000

RSUs.

As of

August 26, 2018,

the Company has reserved 

2.9

 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 establishment 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 27, 2018

and the

three

months ended

August 26, 2018,

the Company did

not

purchase any shares on the open market.