UNITED STATES

                      SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549

 

                                SCHEDULE 13G/A

 

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO.2)

 

                              Landec Corporation

                         ----------------------------

                               (Name of Issuer)

 

                                    Common

                                    ------

                        (Title of Class of Securities)

 

                                   514766104

                                   ---------

                                (CUSIP Number)

 

                                December 31, 2016

                               ------------------

            (Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule

is filed:

 

[x] Rule 13d-1(b)

[ ] Rule 13d-1(c)

[ ] 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).

 

 

                               PAGE 1 OF 4 PAGES

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1     NAME OF REPORTING PERSON

      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

      NWQ Investment Management Company, LLC     47-0875103

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2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*        (a) [_]

                                                               (b) [_]

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3     SEC USE ONLY

 

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4     CITIZENSHIP OR PLACE OF ORGANIZATION

 

      Delaware - U.S.A.

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                    5      SOLE VOTING POWER


 

                           3,021,209

     NUMBER OF      -----------------------------------------------------------

       SHARES       6      SHARED VOTING POWER

    BENEFICIALLY

      OWNED BY             0

        EACH        -----------------------------------------------------------

     REPORTING      7      SOLE DISPOSITIVE POWER

      PERSON

        WITH               3,021,209

                    -----------------------------------------------------------

                    8      SHARED DISPOSITIVE POWER

 

                           0

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9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

      3,021,209

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10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

      N/A

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11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

      11.09%

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12     TYPE OF REPORTING PERSON*

 

      IA

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                               PAGE 2 OF 4 PAGES

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             Item 1(a) Name of Issuer:

                       Landec Corporation

 

             Item 1(b) Address of Issuer's Principal Executive Offices:

                       3603 Haven Avenue

                       Menlo Park, CA 94025-1010

 

             Item 2(a) Name of Person Filing:

                       NWQ Investment Management Company, LLC

 

             Item 2(b) Address of the Principal Office or, if none, Residence:

                       2049 Century Park East, 16th Floor

                       Los Angeles, CA  90067

 

             Item 2(c) Citizenship:

                       Delaware - U.S.A.

 

             Item 2(d) Title of Class of Securities:

                       Common

 

             Item 2(e) CUSIP Number:

                       514766104

 

             Item 3    If the Statement is being filed pursuant to Rule

                       13d-1(b), or 13d-2(b), check whether the person filing

                       is a:

 


                       (e) [X]  An investment advisor in accordance with

                                section 240.13d-1(b)(1)(ii)(E)

 

             Item 4    Ownership:

                       (a) Amount Beneficially Owned:

                           3,021,209

                       (b) Percent of Class:

                           11.09%

                       (c) Number of shares as to which such person has:

                           (i)   sole power to vote or direct the vote:

                                 3,021,209

                           (ii)  shared power to vote or direct the vote:

                                 0

                           (iii) sole power to dispose or to direct the

                                 disposition of:

                                 3,021,209

                           (iv)  shared power to dispose or to direct the

                                 disposition of:

                                 0

 

             Item 5    Ownership of Five Percent or Less of a Class:

                       Not applicable.

 

                               PAGE 3 OF 4 PAGES

<PAGE>

 

 Item 6    Ownership of More than Five Percent on Behalf of Another Person:

         

           Securities reported on this Schedule 13G are beneficially owned by

           clients of the adviser, which may include investment companies

           registered under the Investment Company Act and/or employee benefit

           plans, pensions, Charitable funds or other institutional and high

           net worth clients.

 

 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 a Group:

           Not applicable.

 

 Item 10   Certification:

           By signing below I certify that, to the best of my knowledge and

           belief, the securities referred to above were acquired and are held

           in the ordinary course of business and were not acquired and are not

           held for the purpose of or with the effect of changing or

           influencing the control of the issuer of such securities and

           were not acquired in connection with or as a participant in any

           transaction having such purpose or effect.

 

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.

 

Dated: February 7, 2017

 

                                NWQ Investment Management Company, LLC

 

                                By:   /s/ Jon D. Bosse

                                      --------------------------------

                                      Jon D. Bosse, CFA


                                      Title: Chief Investment Officer

 

 

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