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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. 4)* *
Landec Corporation
______________________________________________
(Name of Issuer)
Common Stock
______________________________________________
(Title of Class of Securities)
514766104
______________________________________________
(CUSIP Number)
January 1, 2001
______________________________________________
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[___] Rule 13d-1(b)
[___] Rule 13d-1(c)
[ X ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
Page 1 of 12 pages
SCHEDULE 13G
------------
ISSUER: Landec Corporation CUSIP No.: 514766104
- ------ ---------
________________________________________________________________________________
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
J.P. Morgan Partners (SBIC), LLC (formerly known as Chase Venture
Capital Associates, LLC)
.....................................................................
________________________________________________________________________________
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ................................................................
(b) ................................................................
________________________________________________________________________________
3. SEC Use Only
________________________________________________________________________________
4. Citizenship or Place of Organization Delaware
..............................
________________________________________________________________________________
Number of Shares 5. Sole Voting Power 1,341,527 (includes Options for
Beneficially 34,710 shares)
Owned by Each ..................................
Reporting Person ______________________________________________________________
With: 6. Shared Voting Power ..................................
______________________________________________________________
7. Sole Dispositive Power 1,341,527 (includes Options for
34,710 shares)
_______________________________________________________________
8. Shared Dispositive Power .................................
________________________________________________________________________________
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,341,527 (includes Options for 34,710 shares)
...............................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
11. Percent of Class Represented by Amount in Row (9) 8.3%
...................
________________________________________________________________________________
12. Type of Reporting Person (See Instructions)
________________________________________________________________________________
CO
...............................................................................
...............................................................................
...............................................................................
...............................................................................
...............................................................................
...............................................................................
________________________________________________________________________________
Page 2 of 12 Pages
SCHEDULE 13G
------------
ISSUER: Landec Corporation CUSIP NO.: 514766104
- ------ ----------
PRELIMINARY NOTE: The information set forth in Item 2 herein has been
- ---------------- adjusted to reflect a change in the name an
controlling persons of the Reporting Person.
ITEM 1.
(a) NAME OF ISSUER:
-----------------------
Landec Corporation
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
-------------------------------------------------------
3603 Haven Avenue
Menlo Park, California 94025
ITEM 2. (a) NAME OF PERSON FILING:
------------------------------
J.P. Morgan Partners (SBIC), LLC
Supplemental information relating to the ownership
and control of the person filing this statement is
included in Exhibit 2(a) attached hereto.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
-----------------------------------------------------------
1221 Avenue of the Americas
New York, New York 10020
(c) CITIZENSHIP:
--------------------
Delaware
(d) TITLE OF CLASS OF SECURITIES (OF ISSUER):
-------------------------------------------------
Common Stock
(e) CUSIP Number:
-------------
See top of cover page
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS. SS. 240. 13d-1(b) OR 240.
13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
1,341,527
This amount includes the following shares issuable upon the
exercise by Mitchell Blutt, M.D. and Damion E. Wicker, M.D.,
directors of the Issuer, of options granted to them by the
Issuer: (i) 3,478 shares issuable pursuant to options which
became exercisable at a rate of 1/48 monthly from December 14,
1993 so long as Dr. Blutt remains a director of the Issuer, (ii)
3,116 shares issuable pursuant to options which became
exercisable at a rate of 1/4 at May 25, 1996 and 1/48 per month
Page 3 of 12 Pages
SCHEDULE 13G
------------
ISSUER: Landec Corporation CUSIP NO.: 514766104
- ------ ----------
thereafter so long as Dr. Blutt remains a director of the Issuer,
(iii) 5,000 shares issuable pursuant to options which became
exercisable at a rate of 1/4 at January 26, 1997 and 1/48 per
month thereafter as long as Dr. Blutt remains a director of the
Issuer, (iv) 3,478 shares issuable pursuant to options granted to
Dr. Wicker which are exercisable immediately, and (v) 20,000
shares issuable pursuant to options which are exercisable
immediately so long as Dr. Wicker remains a director of the
Issuer. Drs. Blutt and Wicker are obligated to exercise each of
the foregoing options upon the request of the Reporting Person
and are obligated to transfer to the Reporting Person all shares
issued upon the exercise of any of the foregoing options.
(b) PERCENT OF CLASS:
-----------------
8.3% (as of December 31, 2000)
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
----------------------------------------------
(i) 1,341,527 (includes Options for 34,710 shares)
(ii) 1,341,527 (includes Options for 34,710 shares)
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
Not applicable
Page 4 of 12 Pages
SCHEDULE 13G
------------
ISSUER: Landec Corporation CUSIP NO.: 514766104
- ------ ----------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: February 14, 2001
J.P. MORGAN PARTNERS (SBIC), LLC
By: /s/ Jeffrey C. Walker
------------------------------
Name: Jeffrey C. Walker
Title: President
Page 5 of 12 Pages
SCHEDULE 13G
------------
ISSUER: Landec Corporation CUSIP NO.: 514766104
- ------ ----------
EXHIBIT 2(a)
ITEM 2. IDENTITY AND BACKGROUND.
This statement is being filed by J.P. Morgan Partners (SBIC),
LLC (formerly known as Chase Venture Capital Associates, LLC), a Delaware
limited liability company (hereinafter referred to as "JPMP (SBIC)"), whose
principal business office is located at 1221 Avenue of the Americas, New York,
New York 10020. JPMP (SBIC) is engaged in the venture capital and leveraged
buyout business. Set forth in Schedule A hereto and incorporated herein by
reference are the names, business addresses, occupations and employments of each
executive officer and director of JPMP (SBIC).
JPMP (SBIC) is a wholly owned subsidiary of J.P. Morgan
Partners (BHCA), L.P. (formerly known as Chase Equity Associates, L.P.), a
Delaware limited partnership (hereinafter referred to as "JPMP (BHCA)"), whose
principal business office is located at the same address as JPMP (SBIC). JPMP
(BHCA) is also engaged in the venture capital and leveraged buyout business. The
general partner of JPMP (BHCA) is JPMP Master Fund Manager, L.P. (formerly known
as Chase Capital Partners, a New York general partnership), a Delaware limited
partnership (hereinafter referred to as "JPMP Master Fund"), whose principal
business office is located at the same address as JPMP (SBIC), and is also
directly or indirectly (through affiliates) engaged in the venture capital and
leveraged buyout business. The general partner of JPMP Master Fund is JPMP
Capital Corp. (formerly known as Chase Capital Corporation), a New York
corporation (hereinafter referred to as "JPMP Capital Corp."), whose principal
business office is located at the same address as JPMP (SBIC), and is also
engaged in the venture capital and leveraged buyout business. Set forth in
Schedule B hereto and incorporated herein by reference are the names, business
addresses, principal occupations and employments of each executive officer and
director of JPMP Capital Corp.
JPMP Capital Corp. is a wholly owned subsidiary of J.P. Morgan
Chase & Co. (formerly known as The Chase Manhattan Corporation), a Delaware
corporation (hereinafter referred to as "JP Morgan Chase") which is engaged
(primarily through subsidiaries) in the commercial banking business with its
principal office located at 270 Park Avenue, New York, New York 10017. Set forth
in Schedule C hereto and incorporated herein by reference are the names,
business addresses, principal occupations and employments of each executive
officer and director of JP Morgan Chase.
Page 6 of 12 Pages
SCHEDULE 13G
------------
ISSUER: Landec Corporation CUSIP NO.: 514766104
- ------ ----------
SCHEDULE A
----------
J.P. MORGAN PARTNERS (SBIC), LLC
--------------------------------
EXECUTIVE OFFICERS(1)
---------------------
President Jeffrey C. Walker*
Executive Vice President Mitchell J. Blutt, M.D. *
Executive Vice President Arnold L. Chavkin*
Executive Vice President John M.B. O'Connor*
Managing Director John R. Baron*
Managing Director Christopher C. Behrens*
Managing Director David S. Britts*
Managing Director Rodney A. Ferguson*
Managing Director David Gilbert*
Managing Director Evan Graf*
Managing Director Eric A. Green*
Managing Director Michael R. Hannon*
Managing Director Donald J. Hofmann, Jr. *
Managing Director W. Brett Ingersoll*
Managing Director Alfredo Irigoin*
Managing Director Andrew Kahn*
Managing Director Jonathan R. Lynch*
Managing Director Jonathan Meggs*
Managing Director Thomas G. Mendell*
Managing Director Stephen P. Murray*
Managing Director Joao Neiva de Figueiredo, Ph.D. *
Managing Director Timothy Purcell*
Managing Director Thomas Quinn*
Managing Director Peter Reilly*
Managing Director Robert R. Ruggiero, Jr. *
Managing Director Susan L. Segal*
Managing Director Kelly Shackelford*
Managing Director Shahan D. Soghikian*
Managing Director Georg Stratenwerth*
Managing Director Lindsay Stuart*
Managing Director Patrick J. Sullivan*
Managing Director Charles R. Walker*
Managing Director Timothy J. Walsh*
Managing Director Richard D. Waters, Jr. *
Managing Director Damion E. Wicker, M.D. *
Managing Director Eric R. Wilkinson*
Senior Vice President Marcia Bateson*
Vice President and Treasurer Elisa R. Stein*
Secretary Anthony J. Horan**
Assistant Secretary Robert C. Caroll**
Assistant Secretary Denise G. Connors**
- --------------------
(1) Each of whom is a United States citizen except for Messrs. Britts, Irigoin,
Meggs, Neiva de Figueiredo, Soghikian, Stratenwerth and Stuart.
* Principal occupation is employee and/or partner of J.P. Morgan Partners,
LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the
Americas, New York, New York 10020.
** Principal occupation is employee or officer of J.P. Morgan Chase & Co.
Business address is c/o J.P. Morgan Chase & Co., 270 Park Avenue, New York,
New York 10017.
Page 7 of 12 Pages
SCHEDULE 13G
------------
ISSUER: Landec Corporation CUSIP NO.: 514766104
- ------ ----------
DIRECTORS(1)
------------
Jeffrey C. Walker*
- ----------------------------
(1) Each of whom is a United States citizen except for Messrs. Britts, Meggs,
Irigoin, Neiva de Figueiredo, Soghikian, Stratenwerth and Stuart.
* Principal occupation is employee and/or member of J.P. Morgan Partners,
LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the
Americas, New York, New York 10020.
Page 8 of 12 Pages
SCHEDULE 13G
------------
ISSUER: Landec Corporation CUSIP NO.: 514766104
- ------ ----------
SCHEDULE B
----------
JPMP CAPITAL CORP.
---------------------
EXECUTIVE OFFICERS(1)
---------------------
Chief Executive Officer William B. Harris**
President Jeffrey C. Walker*
Executive Vice President Mitchell J. Blutt, M.D.*
Executive Vice President Arnold L. Chavkin*
Executive Vice President John M.B. O'Connor*
Managing Director John R. Baron*
Managing Director Christopher C. Behrens*
Managing Director David S. Britts*
Managing Director Rodney A. Ferguson*
Managing Director David Gilbert*
Managing Director Evan Graf*
Managing Director Eric A. Green*
Managing Director Michael R. Hannon*
Managing Director Donald J. Hofmann, Jr.*
Managing Director Alfredo Irigoin*
Managing Director W. Brett Ingersoll*
Managing Director Andrew Kahn*
Managing Director Jonathan R. Lynch*
Managing Director Jonathan Meggs*
Managing Director Thomas G. Mendell*
Managing Director Stephen P. Murray*
Managing Director Joao Neiva de Figueiredo, Ph.D.*
Managing Director Timothy Purcell*
Managing Director Thomas Quinn*
Managing Director Peter Reilly*
Managing Director Robert R. Ruggiero, Jr.*
Managing Director Susan L. Segal*
Managing Director Shahan D. Soghikian*
Managing Director Georg Stratenwerth*
Managing Director Lindsay Stuart*
Managing Director Patrick J. Sullivan*
Managing Director Kelly Shackelford*
Managing Director Charles R. Walker*
Managing Director Timothy J. Walsh*
Managing Director Richard D. Waters, Jr.*
Managing Director Damion E. Wicker, M.D.*
Managing Director Eric R. Wilkinson*
Senior Vice President Marcia Bateson*
Vice President and Treasurer Elisa R. Stein*
Secretary Anthony J. Horan**
Assistant Secretary Robert C. Carroll**
Assistant Secretary Denise G. Connors**
- --------------------
(1) Each of whom is a United States citizen except for Messrs. Britts, Irigoin,
Meggs, Neiva de Figueiredo, Soghikian, Stratenwerth and Stuart.
* Principal occupation is employee and/or partner of J.P. Morgan Partners,
LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the
Americas, New York, New York 10020.
** Principal occupation is employee or officer of J.P. Morgan Chase & Co.
Business address is c/o J.P. Morgan Chase & Co., 270 Park Avenue, New York,
New York 10017.
Page 9 of 12 Pages
SCHEDULE 13G
------------
ISSUER: Landec Corporation CUSIP NO.: 514766104
- ------ ----------
DIRECTORS(1)
------------
William B. Harrison**
Jeffrey C. Walker*
- --------------------
(1) Each of whom is a United States citizen except for Messrs. Britts, Meggs,
Irigoin, Neiva de Figueiredo, Soghikian, Stratenwerth and Stuart.
* Principal occupation is employee and/or member of J.P. Morgan Partners,
LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the
Americas, New York, New York 10020.
** Principal occupation is employee or officer of J.P. Morgan Chase & Co.
Business address is c/o J.P. Morgan Chase & Co., 270 Park Avenue, New York,
New York 10017.
Page 10 of 12 Pages
SCHEDULE 13G
------------
ISSUER: Landec Corporation CUSIP NO.: 514766104
- ------ ----------
SCHEDULE C
----------
J.P. MORGAN CHASE & CO.
-----------------------
EXECUTIVE OFFICERS(1)
---------------------
Chairman of the Board Douglas A. Warner, III*
President and Chief Executive Officer William B. Harrison Jr. *
Vice Chairman Geoffrey T. Boisi*
Vice Chairman David A. Coulter*
Managing Director Ramon de Oliveira*
Vice Chairman Walter A. Gubert*
Director of Human Resources John J. Farrell*
Managing Director Thomas B. Ketchum*
Director of Corporate Marketing and Communications Frederick W. Hill*
Vice Chairman Donald H. Layton*
Vice Chairman James B. Lee Jr. *
General Counsel William H. McDavid*
Vice Chairman Marc J. Shapiro*
Managing Partner Jeffrey C. Walker**
DIRECTORS(1)
------------
NAME PRINCIPAL OCCUPATION OR EMPLOYMENT;
BUSINESS OR RESIDENCE ADDRESS
- --------------------------------------------------------------------------------
Hans W. Becherer Chairman of the Board
Chief Executive Officer
Deere & Company
One John Deere Place
Moline, IL 61265
- --------------------------------------------------------------------------------
Riley P. Bechtel Chairman and Chief Executive Officer
Bechtel Group, Inc.
P.O. Box 193965
San Francisco, CA 94119-3965
- --------------------------------------------------------------------------------
- ------------------
(1) Each of whom is a United States citizen.
* Principal occupation is executive officer and/or employee of J.P. Morgan
Chase & Co. Business address is c/o J.P. Morgan Chase & Co., 270 Park
Avenue, New York, New York 10017.
** Principal occupation is managing partner of J.P. Morgan Partners, LLC.
Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the
Americas New York, New York 10020.
Page 11 of 12 Pages
SCHEDULE 13G
------------
ISSUER: Landec Corporation CUSIP NO.: 514766104
- ------ ----------
NAME PRINCIPAL OCCUPATION OR EMPLOYMENT;
BUSINESS OR RESIDENCE ADDRESS
- --------------------------------------------------------------------------------
Frank A. Bennack, Jr. President and Chief Executive Officer
The Hearst Corporation
959 Eighth Avenue
New York, New York 10019
- -------------------------------------------------------------------------------
Lawrence A. Bossidy Chairman of the Board
Honeywell International
P.O. Box 3000
Morristown, NJ 07962-2245
- -------------------------------------------------------------------------------
M. Anthony Burns Chairman of the Board and
Chief Executive Officer
Ryder System, Inc.
3600 N.W. 82nd Avenue
Miami, Florida 33166
- -------------------------------------------------------------------------------
H. Laurence Fuller Co-Chairman
BP Amoco p.l.c.
1111 Warrenville Road, Suite 25
Chicago, Illinois 60563
- -------------------------------------------------------------------------------
Ellen V. Furter President
American Museum of Natural History
Central Park West at 79th Street
New York, NY 10024
- -------------------------------------------------------------------------------
William H. Gray, III President and Chief Executive Officer
The College Fund/UNCF
9860 Willow Oaks Corporate Drive
P.O. Box 10444
Fairfax, Virginia 22031
- -------------------------------------------------------------------------------
William B. Harrison, Jr. President and Chief Executive Officer
The Chase Manhattan Corporation
270 Park Avenue, 8th Floor
New York, New York 10017-2070
- -------------------------------------------------------------------------------
Helene L. Kaplan Of Counsel
Skadden, Arps, Slate, Meagher & Flom LLP
919 Third Avenue - Room 29-72
New York, New York 10022
- -------------------------------------------------------------------------------
Lee R. Raymond Chairman of the Board and Chief
Executive Officer
Exxon Mobil Corporation
5959 Las Colinas Boulevard
Irving,TX 75039-2298
- -------------------------------------------------------------------------------
John R. Stafford Chairman, President and Chief Executive
Officer
American Home Products Corporation
5 Giralda Farms
Madison, New Jersey 07940
- -------------------------------------------------------------------------------
Lloyd D. Ward Former Chairman of Board and Chief Executive
Officer of Maytag
13338 Lakeshore Drive
Clive, Iowa 50325
- -------------------------------------------------------------------------------
Douglas A. Warner III Chairman of the Board
J.P. Morgan Chase & Co.
270 Park Avenue
New York, New York 10017
- -------------------------------------------------------------------------------
Marina v.N. Whitman Professor of Business Administration
and Public Policy
The University of Michigan
School of Public Policy
411 Lorch Hall, 611 Tappan Street
Ann Arbor, MI 48109-1220
- -------------------------------------------------------------------------------
Page 12 of 12 Pages